Course code BUS110

BUS110 Accounting - Financial Reporting and Analysis

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Showing course contents for the educational year 2021 - 2022 .

Course responsible: Stig Aleksander Aune
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in the Spring parallel.
Course frequency: Annually
First time: 2003H
Preferential right:
-
Course contents:
Businesses must prepare annual accounts, which give everyone who wants insight into how the business has developed. This course provides knowledge about how the annual accounts are created and how they can be used. The accounts must be set up in a specific way. The legislation in this area is extensive, and it regulates the entire production process: From the bookkeeping of the transactions that the company carries out to the kind of information that is to be provided in the publicly available annual report. The first part of the course is devoted to techniques and methods used for a company to register all transactions it makes during a year. At the end of the financial year the company must show the the assets and liabilities it has and the profits. The second part of the course is devoted to this process, and this part deals with what the accounts should contain of information and the rules to be used when assets and liabilities are to be valued and the result measured. Accounts are publicly available, and the most important information about each company is just a keystroke away since the key figures are freely available on the internet. The third part of the course deals with how the accounts can be used for analysis, valuation and credit assessment.
Learning outcome:
To provide students with a basic understanding of financial accounting and financial statement analysis.
Learning activities:
Lectures. Supervised exercises. To some extent case based teaching.
Teaching support:
-
Syllabus:
Fra Bilag til Bruk, Innføring i finansregnskap og regnskapsanalyse, Langli, John Christian (2018) med tilhørende arbeidsbok (2019). 
Prerequisites:
BUS101 The Firm - Elements of Business, or similar topic that provides basic knowledge in business economics topics.
Recommended prerequisites:
Basic understanding of business administration
Mandatory activity:
Minimum nine mandatory assignments, whereof at least 6 must by approved to sit the exam.
Assessment:
The combined assessment will consist of a sub-test and a final examination based on a 30/70 relationship. There is mandatory attendance at the sub-test. Absence without satisfactory documentation will result in the final examination not being considered. When documenting valid absence, however, the final examination will count 100%. The duration of the sub-test is 1.75 hours, while the final examination will have a time frame of 3.5 hours. Both will be in writing. In case of any retake of the examination, both the sub-test and the final examination must be retaken. Such retake will only be held in the spring semester. No new exam will be held in the autumn semester.
Nominal workload:
250 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Type of course:
4 hours of lectures and 2 hours of exercises per week.
Note:
-
Examiner:
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Examination details: Comined assessment: A - E / F