KREG160 Advanced accounting
- Number of credits7,5
- Teaching semester2024 Spring
- Language of instructionEnglish
- CampusKongsvinger
- Required prerequisite knowledge
Recommended requirement: KREV100 Basic accounting or equivalent.
- Profit and loss statements and balance sheet information
- The conceptual framework of IFRS
- Accounting principles and generally accepted accounting principles
- International accounting development, regulatory bodies, etc.
- The relationship between accounting and tax
- Annual reports and note information
- Cash flow statements
- Accounting regulations for small enterprises
- Accounting regulations for non-profit organisations
- Financial statement analysis
Learning Outcome
Upon successfully passing the course, students will have achieved the following learning outcomes:
Students
- are able to describe the main features of current Norwegian accounting regulations at any time in light of user groups’ need for information and national and international development of standards and legislation
- are able to explain the content of historical cost and fair value models for accounting with the associated consequences for processing (valuation, accrual) and the interpretation of model-dependent items in the accounts
- are able to explain the most important differences between accounting and tax rules
- are able to explain the need for consolidated accounts and the principles for eliminating intercompany items in the preparation of consolidated accounts
Students
- are able to complete annual accounts with notes in accordance with the provisions set out in the Norwegian Accounting Act, especially for small enterprises, including tax items, profit allocation and cash flow for limited liability companies
- are able to interpret financial accounting data in light of the choice of models used in the Norwegian Accounting Act
- are able to analyse profitability, risk, liquidity and financing based on the financial accounts
- are able to consolidate individual company accounts into consolidated accounts
Students
- are able to critically reflect on the quality and relevance of the information contained in financial accounts in light of their knowledge of accounting regulation, model choices and group conditions
- are able to navigate ongoing developments associated with Norwegian and international accounting regulations
There are 1-4 coursework requirements for this course. The coursework requirements may consist of multiple choice tests, spreadsheet exercises and/or written submissions. The number of coursework requirements and the form these will take will be published via the University’s learning platform at the start of the course.
Four-hour written, individual examination.
Performance will be assessed using a grading scale from A to F, where E is the lowest passing grade.
| Form of assessment | Grading scale | Grouping | Duration of assessment | Support materials | Proportion | Comment |
|---|---|---|---|---|---|---|
Written examination with invigilation | ECTS - A-F | Individual | 4 Hour(s) |
| 100% |
| Name | Credits | Date | Comment |
|---|---|---|---|
SREG160 Advanced Accounting | 7,5 | ||
3REV120 Advanced Financial Accounting | 7,5 | ||
SREV120 Advanced Financial Accounting | 7,5 | ||
HREV120 Advanced Financial Accounting | 7,5 | ||
8REV120 Advanced Financial Accounting | 7,5 | ||
NREV120 Advanced Financial Accounting | 7,5 | ||
ØKA1014 Advanced Accounting | 7,5 | ||
3REG160 Advanced Accounting | 7,5 |
Reading list
No reading list available for this course
Calculator in accordance with calculator use guidelines in economics/administrative programmes of study at Inland School of Business and Social Sciences – Faculty of Economics and Social Sciences. Updated guidelines will be available and communicated to students at the start of each academic year.