Avanserte tema i finansregnskap og revisjon (MRR210)
This course is an advanced course in financial accounting and auditing at Master's level. The course will enable students to develop independent reasoning, and apply these to advanced practical and theoretical issues.
The course is entirely dedicated to upper secondary topics within financial accounting and auditing. As the course is upper secondary and structured thematically, the content can change from year to year - content is announced on Canvas well before the course starts. The subject is based on the knowledge students have from MRR100 (Financial Accounting) and covers advanced topics within international accounting standards with a focus on group accounting (for example intra-group transactions, business acquisitions and mergers). The students must be able to carry out a fundamental and critical analysis of regulations under IFRS.
The course also introduces the topic sustainability reporting, including legal requirements and reporting standards relating to the preparation of annual sustainability reporting. An increasing number of companies are now obliged to prepare sustainability reports, which auditors must attest to. In addition, auditors are often used as advisers in the process of preparing such reports. This is a professional field undergoing frequent development, and the regulations are extensive. This course aims to give students a solid introduction to the topic. To varying degrees, guest lecturers who are experts in sustainability reporting will be invited, either from the field of practice or academics.
In addition, the course will contain a third topic which may vary from year to year. The subject is part of a campus-based, professionally oriented full-time study program and active participation in lectures and seminars is expected from the participants. The teaching will be in Norwegian and English.
After completing this course, the student is expected to have knowledge of:
Advanced comprehensive knowledge in financial accounting
In-depth knowledge of the accounting system, accounting regulation and key accounting concepts and principles
Knowledge of key parts of accounting standards related to intra-group transactions, business acquisitions and mergers
Knowledge of legal requirements and reporting standards relating to the preparation of annual sustainability reporting
In-depth knowledge to critically analyze the financial statements and identify discretionary manipulation of the financial statements from an auditor and user perspective
After completing this course, the student is expected to be able to:
Apply concepts and principles for recognition, accrual, measurement, presentation and notes to practical accounting problems
Analyse complex accounting issues and make own reasoning
Prepare group financial accounts and handle intra-group transactions, business acquisitions and mergers
Identify key issues within sustainability, and assess whether companies report within the current regulations
Read and assess the ESG reporting in a company's annual report
Communicate central subject matter through relevant forms of expression
Reflect on ethical issues within the subject
Present and discuss independent analyzes of business economic issues alone or as a participant in a group
Required prerequisite knowledge
MRR100 Financial accounting
Form of assessment
- 1), Lovdata, Valid calculator,
1) Regnskapsstandarder (norsk eller engelsk versjon)
2 individual assignments
The course has mandatory work requirements in the form of two individual written submissions. Compulsory activities must be approved in order to sit for the exam.
There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.