Current active course description (last updated 2020/21)
Agricultural Accounting
REG1003
Current active course description (last updated 2020/21)
Agricultural Accounting
REG1003
The course will give a basic introduction to the accounting profession in general, with a focus on accounting in agriculture. Central themes are the accounts as an information source, the stages of the accounting work and the principles, rules and laws associated with accounting. The students are also introduced to financial statement analysis.
Students must meet current admission requirements for the associated study program.
Upon completion of the course, the student should:
Knowledge:
- have knowledge of the purpose of accounting in general and in agriculture in particular
- have knowledge of basic accounting concepts and contexts
- be familiar with central legal regulations, principles and rules related to accounting
- have insight into the structure of the accounts
- have knowledge of tax accounting and managerial accounting in an agricultural context
Skills:
- be able to post the most common transactions for an agricultural business
- be able to conduct simple year-end postings and prepare an income statement and a balance sheet
- be able to explain the most important differences between the tax accounts and the agricultural operating accounts
- be able to perform simple financial statement analysis of an agricultural account
General competence:
- be aware of and understand the ethical issues related to the accounting profession
- be able to exchange views and participate in professional discussions on accounting issues relevant to agriculture
No tuition fees. Semester fees and cost of course litterature apply.
Compulsory
Campus based teaching with lectures and exercises
Evaluation using mid-term and final surveys. Students are also encouraged to participate in the central quality surveys.
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Overlap refers to a similarity between courses with the same content. Therefore, you will receive the following reduction in credits if you have taken the courses listed below:
HUS225 - Economics and Accounting - 5 credits
FIN1001 - Introduction to Accounting - 2.5 credits
ECO1017 - Introduction to Economics - 2.5 credits