Corporate Reporting I
Corporate reporting consists of both financial and non-financial reporting. Financial accounting is an important part of the company’s reporting, and during this course students will gain in-depth knowledge of fundamental theories and frameworks for financial reporting, including conceptual framework and basic accounting principles. Accounting regulation, the purpose of financial accounting, and the quality requirements for financial accounting information are also discussed.
A clear objective of the subject is to provide students with a good overview of the principal differences between international financial reporting standards (IFRS) and Norwegian GAAP. Students will also gain in-depth knowledge of key accounting rules 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 has gained:
- Advanced knowledge of corporate reporting, including financial accounting according to local GAAP and IFRS.
- Advanced knowledge of concepts and principles for accounting recognition, measurement, presentation, and disclosures.
- In-depth knowledge of financial accounting as information source, its role, and significance.
- In-depth knowledge of trends in corporate reporting and how to apply this knowledge to new areas within the field.
- Knowledge of sustainability reporting, including developments in the area.
Skills
- Can analyse and critically evaluate various information sources and use them to structure and formulate professional reasoning within the topic of corporate reporting.
- Can apply concepts and principles for recognition and measurement in the income statement and balance sheet, as well as presentation and disclosures.
- Can exercise judgment in applying accounting rules under good accounting practices and IFRS.
General Competencies
- Being critical when preparing and interpretating corporate reporting issues, including financial reporting.
- Ability to present and discuss technical accounting issues with others.
- Being able to utilise their knowledge on the conceptual basis for corporate reporting and update their knowledge and skills in a changing landscape for financial reporting and sustainability reporting.
Simple calculator and bi-ligual dictionary
Generating a response using ChatGPT or similar artificial intelligence and submitting it wholly or partially as your own work is considered cheating.