The course shall provide a fundamental understanding of the regulatory conditions and structure of financial accounts. Additionally, insight and essential knowledge relating to the handling of central accounting problems, production of cash flow statements, deferred taxes, consolidated accounts and the analysis of financial statements shall be provided.
BØ6-101 Introduction to business economics and accounting.
- The structure of the financial statement
- The financial statement as an information source
- Norwegian accounting law and general agreed accounting principles
- The assessment of property and debt, income and cost.
- Cash flow statements
- Financial statement and deferred taxes
- Accounting analysis and the analysis of key figures for productivity, liquidity, and financial stability
- Introduction to the accounting principles relating to consolidated accounts
- Introduction to the latest developments with regard to International Financial Reporting Standards (IFRS) and Conceptual Framework (IAS).
Lectures and practical exercises. The use of modelling tools such as electronic spreadsheets is expected in the course.
One written assignment.The assignment may be individual or in group (max. 3) exercises.
To be provided at the commencement of teaching.