BØ6-2002 Accounting Management and Law

Contents and structure

The subject provides insight into an accountant's role and good accounting practice such as:

- Internal control and risk management

- Business understanding

- Regulations for accountants

Learning Outcome

Learning outcomes

Knowledge

The student

• has knowledge of the rules governing the rights and duties of state-authorised accountants, including professional responsibilities and ethical guidelines

• has knowledge of the accounting regulations, that is the Accounting Act with regulations, good accounting practices and the money laundering regulations

• knows the requirements for the accounting company's routines in accordance with the risk management regulations and privacy rules

• can discuss and communicate practical issues related to the client's operationalization of accounting routines, documentation, compliance with duties and assessment of risk and materiality

• has knowledge of the most central business routines

• knows the role and responsibilities of the board, general manager and auditor in relation to a business

• knows general controls and can reflect on organizational relationships in connection with internal control, including measures to ensure effective internal control

• knows requirements for security and controls in IT systems

• knows the auditor's role and tasks and can discuss different roles such as auditor, advisers, controller and accountant

• Knows business models, including agreements that can affect different business models

• has knowledge of business understanding for selected industries, including essential revenue models and can see connections to analysis of accounts

• knows the characteristics of different sectors - private, public and voluntary sector

Skills

The student

• can carry out analyzes of routines and internal control in accordance with COSO/COSO2 or equivalent and can propose improvement measures, including compliance with regulations and external requirements for the business.

• has knowledge to understand risk and a risk-based approach, both in customers' and own operations, including carrying out risk analyzes and risk management

• can assess the appropriate organization of data capture and accounting functions so that the desired quality and efficiency is ensured through good routines and internal control

• Can assess central business routines that are essential in order to have control over the finances of a company

• Can analyze the impact of different industries and different businesses on management and control

General competence

The student

• Can acquire up-to-date knowledge within the subject area

• Can convey central subject matter through relevant forms of expression and can exchange viewpoints and experience with other professionals

• Can see the subject in a larger societal perspective

Entry requirements

None

Recommended previous knowledge

BØA117 Finansrekneskap med analyse or similar

Teaching methods

Lecture and assignment seminar.

Compulsory learning activities

One written work requirement.

Assessment

Written school exam of 4 hours, Grade scale A-F

Examination support material

Lovdata pro in exam mode (with the incorporations that Lovdata has allowed, and with access to all laws, preparatory work, regulations, case law from the Supreme Court and the courts of appeal, and everything from EEA and EU legal sources, unless the subject responsible has determined otherwise).

More about examination support material

Course reductions

• ØKB3119 - Rekneskapsføraryrket og rekneskapsorganisering - Reduction: 7.5 studypoints