BUS217 Accounting Structure, Regulation and Ethics

Credits (ECTS):5

Course responsible:Asbjørn Olav Pedersen

Campus / Online:Online

Teaching language:Norsk

Course frequency:Annually

Nominal workload:125 hours.

Teaching and exam period:This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel, .

About this course

The course provides insight into the authorized accountant's role and the formal framework accountant must relate to in their profession. Including ethical dilemmas, challenges associated with processing and recording of transactions and business events, and the organization and internal control.

Learning outcome

Knowledge: The student:

  • Has good knowledge of the rules that regulate the rights and duties of authorized accountants, including accountant tort duties
  • Has good knowledge of the requirements, obligations and recommendations made in the Generally Accepted Accounting Principles
  • Knows the board, the general manager and the auditor's role and responsibilities associated with a business
  • Knows the most important business practices
  • Knows the general controls and can reflect on organizational relationships related to internal control, including measures to ensure effective internal control
  • Is aware of security requirements and controls in IT systems
  • Have knowledge of the basic accounting principles in accounting law and generally accepted bookkeeping practice, including other provisions of Bookkeeping and Accounting


The student:

  • Can apply rules on rights and obligations and the content of the Generally Accepted Accounting Principles, regulations on risk management and internal controls, money laundering regulations and GDPR
  • Can reflect on the responsibilities and roles in an enterprise, also in an internal control perspective
  • Can reflect on ethical dilemmas that may arise in an accountant's business activity

    General competence:

    The student:

  • Can acquire updated knowledge within the above knowledge and skill areas
  • Can convey key subject matter through relevant forms of expression and to exchange views and experiences with other professionals
  • Can see the subject in a broader societal perspective
  • Digital lectures (Zoom) and exercises.
  • Canvas
  • A written digital home exam (3.5 hours) in the exam period counts for 100% of the grade
  • An external examiner controls the syllabus and exam.
  • Lectures: 26 hours
  • 5 ECTS overlap with BUS217F.
  • Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)