Corporate Reporting I
Corporate reporting consists of both financial and non-financial reporting. Financial accounting is an important part of any company’s reporting, and during this course students will gain in-depth knowledge of accounting theories and frameworks for financial reporting, including international conceptual frameworks and Norwegian fundamental accounting principles. Accounting regulation, the objective of financial accounting and the quality characteristics for financial reporting, are also discussed.
A clear objective of this topic is to provide students with knowledge of the main differences between international financial reporting standards (IFRS) and Norwegian GAAP. Students will also gain in-depth knowledge of key accounting regulation related to recognition and measurement, presentation and disclosures, both under IFRS and Norwegian GAAP.
An introduction to non-financial corporate reporting, including sustainability reporting, will also be provided.
This course is available for students on the following programmes:
- Master in Accounting, Auditing and Sustainability
- Master of Science in Business.
Knowledge
Upon completion of the course, the student will have:
- Advanced knowledge of corporate reporting, including financial accounting according to local GAAP and international financial reporting standards (IFRS).
- Advanced knowledge of concepts and principles for accounting recognition, measurement, presentation, and disclosures.
- In-depth knowledge of financial accounting as a sourse of information, it's role, and significance.
- In-depth knowledge of trends in the area of corporate reporting and how to apply this knowledge to new areas within the field.
- Knowledge of sustainability reporting, including developments in the area.
Skills
- Ability to analyse and critically assess various sources of information and use them in order to structure and formulate technical arguments with respect to corporate reporting.
- Ability to apply concepts and principles for recognition and measurement in the income statement and balance sheet, as well as for presentation and disclosure purposes.
- Ability to exercise judgement in applying accounting regulation under local GAAP and IFRS.
General Competencies
- Ability to apply critical thinking in relation to preparation and interpretation of corporate reporting issues, including financial reporting.
- Ability to present and discuss technical accounting issues with others.
- Ability to utilise knowledge on the conceptual basis for corporate reporting, as well as update this knowledge and the skills in a changing landscape for financial reporting and sustainability reporting.
Lectures and group assignments with presentations.
Compulsory participation in 2 out of 3 seminars during the semester (course work). These seminars comprise group assignments and presentations.
School Exam 4 hours (100 %). A to F grading scale.
Course work. Complusory participation in 2 out of 3 seminars. Pass/fail.
Simple calculator. Two bilingual paper dictionaries are allowed.
Generating an answer using ChatGPT or similar artificial intelligence and submitting it wholly or partially as one's own answer is considered cheating. Students must otherwise comply with Nord University's guidelines for the use of generative artificial intelligence (AI) in studies.