Current active course description (last updated 2022/23)
Financial Accounting and Accounting Standards
REG2003
Current active course description (last updated 2022/23)
Financial Accounting and Accounting Standards
REG2003
The course explores the accounting issues related to the entity's formal financial statements with an emphasis on developing the understanding of how the accounting theory, accounting legislation and accounting standards applies to accounting issues.
Knowledge
The candidate should have:
- knowledge of key standards for the preparation of financial statements
- familiarity with the entity responsible for reporting on CSR
- knowledge of ethical accounting technical issues, including the border with manipulation of accounts
- knowledge to describe requirements for the most important notes to the financial statements and annual report
Skills The candidate should:
- be able to recognize and measure all the main items in the income statement, balance sheet and specification of financial statements
- be able to prepare an accounting for acquisitions with tax and minorities
- be able to prepare consolidated accounts
- be able to prepare financial statements in which the equity method is applied
General competencies
The candidate should:
- be able to convey key subject matter through relevant forms of expression
- have the knowledge in order to exchange views and experiences with other professionals and help develop good practice
- be able to reflect on ethical issues within the profession
- be able to see the topic in a broader context in a societal perspective
No costs except semester registration fee and syllabus literature.
Compulsory
Lecture. Group work associated with submissions.
The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the university's quality assurance system.
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:
RG205E - Financial Accounting and Accounting Standards - 15 credits
ØKO330NP - Accounts and good accounting pratices - 15 credits
REG2011 - Financial Accounting and Accounting Standards - 15 credits