BUD2 Financial Accounting – the Language of Business

• Læringsutbytte

  Upon completion of this course, students should be able to:

  Knowledge

  • What are the elements of financial statements, how should they be interpreted, and how do they relate?
  • Why do we need accounting frameworks and regulations? Know the regulation for financial accounting and reporting including regulation for sustainability reporting in EU.
  • Know the key elements of IFRS (International Financial Reporting Standards)?
  • When are assets, liabilities, income and expenses recognized in the financial statements? How are assets and liabilities measured?
  • How to read financial statements to determine the profitability of the company, the financial strength and its liquidity resources
  • Explain the fundamentals of financial accounting and analysis

  Skills

  • Basic understanding of accounting and book-keeping
  • How to assess the financial health of a company; i.e. how to perform basic financial statement analysis including profitability, solvency and liquidity analysis?
  • How to do benchmarking between companies?
  • Use the language, framework, rules and formats of financial accounting

  General competence

  • Discuss the principles for accounting and information value of an accounting report

• Undervisningsopplegg

  Auditorium teaching, group-home assignments and presentations/discussion in class. Practical cases.

• Anbefalte forkunnskaper

  None

• Krav til forkunnskaper

  None

• Obligatorisk aktivitet (arbeidskrav)

  Group and/or indivual assignments and/or oral presentations.

  Physical precence in class (how much to be defined later)

• Vurderingsordning

  Written digital school exam, 4 hours. The students will have access to excel.

  The exam must be answered in English.

• Vurderingsuttrykk

  A-F

• Dataverktøy

  Excel

• Litteratur

  The course reading list will be available in Leganto.

• Hjelpemidler til eksamen

  Calculator

  One bilingual dictionary (Category I). Language: Norwegian- English.

  All in accordance with Supplementary provisions to the Regulations for Full-time Study Programmes at the Norwegian School of Economics Ch.4 Permitted support material https://www.nhh.no/en/for-students/regulations/https://www.nhh.no/en/for-students/regulations/and https://www.nhh.no/en/for-students/examinations/examination-support-materials/https://www.nhh.no/en/for-students/examinations/examination-support-materials/