UC1FOA05 Foundations of Accounting

UC1FOA05 Foundations of Accounting

  • Course description
    • NQF Level
      Bachelor's degree (Level 6 1. Cycle)
    • Area of Study
      Computing
    • Program of Study
      Digital Assurance and Security Management
    • ECTS
      05
    • Campus
      OnlinePLUS - Bergen, OnlinePLUS - Oslo, Online
    • Course Leader
      Natasha Sexton
Introduction

Language of Instruction and assessment: English
May be offered on Campus and Online.
May be offered as a separate course.

Included in the following bachelor's degrees:

  • Digital Assurance and Security Management
Course Aim(s)

This course aims to introduce students to the fundamental concepts of accounting, providing them with a strong foundation to understand the role of auditing. Students acquire knowledge of accounting basics, General Accepted Accounting Principles (GAAP), internal control measures, and commonly used statements in the accounting process. They also gain skills in explaining the role of specific statements in the book of accounts and constructing elementary balance sheets and income statements. The course cultivates general competence in working with numerical data and systematically approaching complex tasks.

Course Learning Outcomes
Knowledge

The student has knowledge of

K1 basics of accounting and General Accepted Accounting Principles (GAAP).
K2 internal control and internal control measures.
K3 role of commonly used statements in the accounting process.
K4 recording of transactions in the general ledger.
K5 recording of information for taxation.
Skills

The student gain skills in

S1 explain the role specific statements in the book of accounts.
S2 construct elementary balance sheet and income statement.
General Competence

The student can demonstrate

G1 working with numerical data.
G2 systematically approaching complex tasks.
Course Topics
  • Introduction to Accounting Principles
  • Business Accounting Basics
  • Objectives of Accounting
  • Introduction to Financial Accounting
Teaching Methods
  1. Teaching will be based on a hybrid-flexible approach. Instructor-led face-to-face learning is combined with online learning in a flexible course structure that gives students the option of attending sessions in the classroom, participating online, or doing both.
  2. All activities require active student participation in their own learning.
  3. Learning delivery methods and available resources will be selected to ensure constructive alignment with course content, learning outcomes and assessment criteria.
  4. Students will be taught using a mixture of guidance, self-study, and lecture material. Topics will be introduced in a series of weekly lectures. The guidance sessions will be directed practical exercises and reading in which students can explore topics with support from a teacher. This material will also require students to self-manage their time to ensure tasks are completed and the theory is fully understood. This will allow the students to fully engage with lectures and with their peers.
Resources and Equipment
  1. Learning resources are available in the LMS and include, but is not limited to: 
    • literature and online reading material (essential and recommended)
    • streams, recordings and other digital resources, where applicable
    • video conferencing and communication platforms, if applicable
    • tools, software and libraries, where applicable
  2. Students must have access to an internet connection, and suitable hardware.
    • Accessing live streams and virtual laboratories requires a minimum broadband connection of 2Mbps (4Mbps recommended).
  3. Students working on their own laptop/computer are required to acquire appropriate communications software, e.g., webcam, microphone, headphones.
Prerequisite Knowledge

Refer to the entry requirements.

Reading List

The reading list for this course and any additional electronic resources will be provided in the LMS.

Study Workload

125 nominal hours.
Study workload applies to both Campus and Online students.

ActivityDuration
Teacher-led activity
18
Teacher-supported work
24
Self-study
83
Work Requirements

There are no mandatory assignments in this course.

Assessment Strategy

This course has two (2) exams contributing towards the overall and final grade of the course.

The exams must be assessed as passed to receive the final Course Grade.

Form of assessmentGrading scaleGroupingDuration of assessment
Portfolio of Work
A-F
Online Exam
A-F