Financial Accounting – the Language of Business

BUD2 Financial Accounting – the Language of Business

Vår 2024

Høst 2024
  • Læringsutbytte

    Upon completion of this course, students should be able to:


    • What are the elements of financial statements, how should they be interpreted, and how do they relate?
    • Why do we need accounting frameworks and regulations? Know the regulation for financial accounting and reporting including regulation for sustainability reporting in EU.
    • Know the key elements of IFRS (International Financial Reporting Standards)?
    • When are assets, liabilities, income and expenses recognized in the financial statements? How are assets and liabilities measured?
    • How to read financial statements to determine the profitability of the company, the financial strength and its liquidity resources
    • Explain the fundamentals of financial accounting and analysis


    • Basic understanding of accounting and book-keeping
    • How to assess the financial health of a company; i.e. how to perform basic financial statement analysis including profitability, solvency and liquidity analysis?
    • How to do benchmarking between companies?
    • Use the language, framework, rules and formats of financial accounting

    General competence

    • Discuss the principles for accounting and information value of an accounting report

  • Undervisningsopplegg

    Auditorium teaching, group-home assignments and presentations/discussion in class. Practical cases.

  • Anbefalte forkunnskaper


  • Krav til forkunnskaper


  • Obligatorisk aktivitet (arbeidskrav)

    Group and/or indivual assignments and/or oral presentations.

    Physical precence in class (how much to be defined later)

  • Vurderingsordning

    Written digital school exam, 4 hours. The students will have access to excel.

    The exam must be answered in English.

  • Vurderingsuttrykk


  • Dataverktøy


  • Litteratur

    The course reading list will be available in Leganto.

  • Hjelpemidler til eksamen


    One bilingual dictionary (Category I). Language: Norwegian- English.

    All in accordance with Supplementary provisions to the Regulations for Full-time Study Programmes at the Norwegian School of Economics Ch.4 Permitted support material




Associate Professor Arthur Stenzel, Department of Accounting, Auditing and Law

Professor Finn Kinserdal, Department of Accounting, Auditing and Law