Course code BUS218

BUS218 Public Accounting and Budgeting

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Showing course contents for the educational year 2015 - 2016 .

Course responsible: Ragnar Arnljot Øygard
Teachers: Asbjørn Blomberg Pedersen, Asbjørn Olav Pedersen
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: Study year 2013-2014
Preferential right:
Bachelor in Business Administration
Course contents:

Government accounting and financial reporting:
-Accounting rules and principles
-Year End and accounting in relation to the Municipal Act
-Accounting and Financial Regulations of the Municipal
-Accounting Standards.

Governmental Accounting and Reporting:
-Main principles of governmental budgeting and accounting.
-Grants Regulations and Rules for Financial Management.
- State financial organization,

Learning outcome:
Students shall:
-have basic knowledge of legislation (framework and basic contexts)
-have basic knowledge of the purpose and recognition of municipal accounts
-be able to post the most common transactions
-have an understanding of the concepts of costs, expenses, payments, revenues and receipts, as well as to conduct regular accrual entries
-know the account plan
-be able to reconcile the fundamental relationships and reconcile cycle of working
-conduct annual financial statements with simple posts and delisting rules -be able to set up a clustered results and balance sheet in accordance with the regulations
-have insight in the municipal accounts structure and framework, able to explain the statement as a source of information and a better understanding of accounting principles and reporting requirements be able to treat central accounting measurement and valuation issues
-implement adaptation and correction of accounting for analytical purposes be able to calculate key figures in connection with a financial analysis and make an assessment of the municipality"s financial position and results
Learning activities:
Lectures, exercises and working in groups
Teaching support:
Latest edition of  ¿Kommuneregnskapet 7th edition 2014¿ av Øyvind Sunde, in addition to lectures and exercises. 
BUS100, BUS110, BUS210 (Cost accounting and financial accounting)
Recommended prerequisites:
Mandatory activity:
A written exam (3 hours).
Nominal workload:
150 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
Type of course:
External examiner controls the syllabus and the exam.
Allowed examination aids: Calculator handed out, other aids as specified
Examination details: One written exam: A - E / Ikke bestått