The main elements and principles of financial accounting. Theory and terminology, rules and regulations, the most common accounting transactions, The closing, measurement and valuation problems, year end closing, taxation and accounting, financial statement analysis, semester assignment.

To provide students with a basic understanding of financial accounting and financial statement analysis.

Lectures. Supervised exercises.

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Pedersen, Voldsund, Hoff, Hansen: Grunnleggende regnskap, Universitetsforlaget 2013. Hansen, Hoff, Voldsund: Analyse av finansregnskapet, Universitetsforlaget 2013.

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One compulsory assignment.

One written examination:  Some hands in during the semester, counting 30%,  while the final examination of 3 hours counts 70%. The final grade is based on a weighted average. The final examination is based on the student assignment. The students solution of the semester assignment is not to be handed in, but students must bring their solutions to the examination as many of the examination questions will be based on the assignment and the solution.

The main elements and principles of financial accounting. Theory and terminology, rules and regulations, the most common accounting transactions, The closing, measurement and valuation problems, year end closing, taxation and accounting, financial statement analysis, semester assignment.

Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)

The economic students will not obtain ECTS for BUS200

4  hours of lectures and 2 hours of exercises per week.

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External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.