Course Objectives

This course will provide students with a further introduction to the principal tasks and responsibilities involved in balancing annual accounts in accordance with the Accounting Act and consolidated accounting requirements.

Course Description

• Main principles of accounting
• Rules for valuation
  • valuation assessment of current assets, fixed assets, and debt items
  • fiscal value assessments
• Own capital – management of profits
• Introduction to central accounting standards
• Notes to the accounts
• Annual report
• Consolidated accounting
  • principles of consolidation
  • takeover and minority interest
  • elimination of internal transactions, profit and loss

Learning Methods

3-4 hours lectures per week in the spring semester (theory topics with examples, assignments).

Assessment Methods

3 obligatory assignments must be submitted; 2 of these must receive passing marks before the student will be permitted to sit the exam. Written individual examination, 4 hours.

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