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.

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

Lectures. Supervised exercises.

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Textbook:Sending, Aage: Grunnleggende regnskap, 4. ed., Bergen: Fagbokforlaget. Reading materials from the course page.

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4 assignments. 3 out of 4 assignments must be approved in order to be eligible to take the final exam. Submissions are distributed throughout the semester, and students will be granted up to one week to submit the assignment. Within that week, students have 3 attempts to pass the assignment, with feedback after each attempt. Course responsible will provide information regarding submission deadlines.

Written examination, 3,5 hours, counts 100 %.

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.

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

BUS110 and BUS200: 5 ECTS

2  hours of lectures and 4 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.