Knowledge

Advanced accounting

The student...

has in-depth knowledge of recognition and measurement of the most important accounting records and the basic accounting principles.
has knowledge about the accounting for small entities
has knowledge about the accounting principles for non-profits
is aware of the most central differences between the accounting and tax rules
can end a year's accounting, including tax records and score from the disposal, for limited companies.
are familiar with the regulations for the notes and annual report

Accounting theory

The student has understanding of and can reflect on...

user group's information needs and the need for financial regulation
the theoretical foundation of the basic accounting principles and good accounting practice
profit and loss and balance sheet orientation when it comes to the master for the financial statements
the conceptual framework of IFRS

Skills

The student...

can draw up a complete financial statements, based on the current accounting, stock and tax laws, including even the most important accounting standards.
can prepare a single consolidated company
can acquire accounting theoretical knowledge through the reading of the articles

General competence

The student...

has a superior understanding of the requirements for the preparation of the different types of the annual report and can reflect on the usefulness of the accounts of the various user groups
is familiar with the background of the development work that goes on at the international level and the consequences it will have for the financial regulation in Norway

Subject description 6088

Advanced Financial Accounting and Theory