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:

    Knowledge

    • 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

    Skills

    • 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

    None

  • Krav til forkunnskaper

    None

  • 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

    A-F

  • Dataverktøy

    Excel

  • Litteratur

    The course reading list will be available in Leganto.

  • Hjelpemidler til eksamen

    Calculator

    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 https://www.nhh.no/en/for-students/regulations/https://www.nhh.no/en/for-students/regulations/and https://www.nhh.no/en/for-students/examinations/examination-support-materials/https://www.nhh.no/en/for-students/examinations/examination-support-materials/

Oppsummering

Studiepoeng
5
Undervisningsspråk
English.

Emneansvarlig

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

Professor Finn Kinserdal, Department of Accounting, Auditing and Law