BE-209 Financial Accounting 2
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- Andre Tofteland
- Lecture Semester:
- Autumn
- Teaching language:
- Norwegian.
- Duration:
- 1 term
The course is connected to the following study programs
- Bachelor's Programme in Business Administration
- Master's Programme in Business Administration (5 years)
Teaching language
Norwegian.Recommended prerequisites
BE-110 Managerial Accounting and BE-111 Financial Accounting 1, or equivalent.
For single course students, these subjects (or equivalent) are required for admission.
Course contents
Course participation enable students to gain insight in how information from the financial statements can be used in various decision-making situations. In that respect, the existence of competing set of accounting regulations are discussed, and students are continuously challenged to reflect on ethical issues related to the company’s presentation of financial information. In the process of systematizing and analyzing accounting information, Excel is used consistently, and several UN sustainability goals serves as a starting point for debating the role of financial accounting in national and international capital markets.
Learning outcomes
Upon successful completion of this course the student should be able to:
-
be able to analyze companies' profitability, liquidity and solvency based on published accounting information
-
know the fundamental principles governing the Norwegian Accounting Act, international accounting rules and central accounting standards
-
demonstrate the ability to apply accounting recognition and measurement rules on specific accounting topics (N GAAP)
-
be able to prepare annual financial statements and have basic knowledge of how the UN sustainability goals can affect companies' assessments of both materiality and presentation of financial information
-
be able to prepare simple consolidated financial statements
-
demonstrate knowledge of the legal requirements for preparing notes and annual accounts
-
have knowledge of digital accounting tools
Examination requirements
Approved compulsory assignment.
Teaching methods
Lectures, videos and group work.
Evaluation
The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Admission for external candidates
No
Offered as Single Standing Module
Yes. Subject to availability or capacity.
Admission Requirement if given as Single Standing Module
BE-110 Managerial Accounting and BE-111 Financial Accounting 1, or equivalent.
Assessment methods and criteria
4 hour written examination with letter grades.
Reduction of Credits
This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:
| Course | Reduction of Credits |
|---|---|
| BE-209 – Financial Accounting 2 | 7.5 |
| BE-2200 – Intermediate financial accounting | 5 |
| BE-202 – Intermediate Accounting | 5 |
| BE-202 – Intermediate Accounting | 5 |
| BE-301 – Intermediate Financial Accounting | 5 |
| BE-2200 – Intermediate Financial Accounting | 5 |
| BE-2200 – Accounting legislation and accounting in practice | 5 |
| BE-2200 – Intermediate financial accounting | 5 |