ØKB3135 Accounting in Practice

Contents and structure

The course is designed to enable students to prepare annual financial statements and provides in-depth knowledge of the bookkeeping regulations.

Learning Outcome

Knowledge

• Has in-depth knowledge of the basic bookkeeping principles and central parts of good bookkeeping practice
• Has knowledge of regulations for closing annual accounts
• Knows regulations for notes and annual reports, including sustainability reporting
• Is familiar with the most central differences between accounting rules and tax rules
• Can explain the need for group accounting and the principles for eliminating intra-group items

Skills

• Can close an annual account for a limited company, including tax items and allocation of profits
• Can prepare and quality-assure external accounting reporting using reconciliations and other analysis techniques
• Can prepare a simple group account (including tax and minorities)
• Can record and quality-assure transactions and other events in the accounts, including analysis of the accounting consequences of different VAT treatment

General competence

• Can acquire up-to-date knowledge within the above-mentioned areas of knowledge and skills
• Can convey central subject matter through relevant forms of expression
• Can exchange views and experiences with other professionals can see the subject in a wider societal perspective

Entry requirements

BØA117 Financial accounting with analysis (or equivalent competency)

Teaching methods

Lectures, exercises, and guidance related to exercises

Compulsory learning activities

Completed basic training in accounting and financial close software

Assessment

Digital school exam, 4 hours - 100%

Grade scale A - F

Examination support material

All aids are permitted

More about examination support material

Course reductions

• ØKB3117 - Vidaregåande finansrekneskap - Reduction: 2.5 studypoints
• ØKB3119 - Rekneskapsføraryrket og rekneskapsorganisering - Reduction: 2.5 studypoints