ØKB3135 Annual Accounts and Bookkeeping

Contents and structure

The course provides an in-depth study of the accounting process, from bookkeeping to the preparation of annual financial statements in accordance with current 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
• Is familiar with regulations for notes and annual reports, including sustainability reporting
• Can explain the need for group accounting and the principles for eliminating intra-group items

Skills

• Can record and quality-assure transactions and other events in the accounts, including analysis of the accounting consequences of different VAT treatment
• 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)

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, problem-solving in class and individually, and supervision related to assignment work.

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

Digital legal sources: Access to Lovdata.no and Regnskapsstiftelsen.no.

More about examination support material

Course reductions

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