Learning outcome

After successfully completing the course, the candidate will have achieved the following learning outcomes:

The candidate:

• Has thorough knowledge of the recognition and measurement of the most important accounting items and basic accounting principles
• Has knowledge of accounting rules for small businesses
• Is familiar with accounting rules for non-profit organisations
• Has knowledge of the main differences between accounting and tax rules
• Is able to prepare a financial statement, including booked tax items and allocation of profits for a limited company
• Is familiar with the rules for notes and annual accounts
• Can prepare a simple consolidated accounts (without tax and minorities)

The candidate has understanding and can reflect on:

• User groups’ information needs and the need for accounting controls
• Result and balance orientation
• The conceptual framework of IFRS
• The theoretical basis of the basic accounting principles and good accounting practice
• International accounting developments, regulatory bodies etc.

The candidate has knowledge of the difference between business economic theory and the requirements of financial statements.

Teaching and Learning Methods

Lectures and exercises.

Assessment Methods

Final written examination, 5 hours. Grade scale: A-F.

Minor adjustments may occur during the academic year, subject to the decision of the Dean