Learning outcome

After successfully completing the course, the candidate will have achieved the following learning outcomes defined in terms of knowledge, skills and general competence.

The candidate has knowledge of / can:

• The main standards for the preparation of financial statements
• An organization’s reporting obligations and their social responsibility
• Ethical accounting issues, including matters concerning accounting manipulation
• Describe the requirements of the main notes of financial statements and annual reports
• The process concerning the preparation of financial statements and be an active contributor in a professional accounting environment
• Recognize and measure all the main items of an income statement and balance sheet and specification in financial statements
• Apply knowledge to practical accounting problems and their impact on the income statement and balance
• Prepare accounting for acquisitions with tax and minorities
• Prepare consolidated financial statements
• Prepare financial statements using the equity method
• Acquire updated knowledge in the above areas of knowledge and skills, and has knowledge of other areas within the subject area
• Communicate central subject matter using the appropriate forms of expression
• Exchange views and experiences with other professionals, and contribute to the development of good practice
• Contribute to and support innovation and innovation processes
• Reflect on ethical issues within the field
• View the course in a broader context from a social perspective

Course Description

The course covers:

The process concerning the preparation of financial statements and how to contribute to a professional accounting environment

The student will develop the ability to:

• Contribute and support innovation and innovation processes
• View the course in a broader context from a social perspective
• Describe the requirements of the main notes of financial statements and annual reports
• Apply knowledge to practical accounting problems and their impact on the income statement and balance
• Prepare accounting for acquisitions with tax and minorities
• Acquire updated knowledge in the above areas of knowledge and skills, and has knowledge of other areas within the subject area
• Communicate central subject matter using the appropriate forms of expression
• Reflect on ethical issues within the field

Develop knowledge about:

• The main standards for the preparation of financial statements
• Recognizing and measuring all the main items of an income statement and balance sheet and specification in financial statements
• Preparing consolidated financial statements
• Preparing financial statements using the equity method

Develop knowledge of:

• An organization’s reporting obligations and their social responsibility
• Ethical accounting issues, including matters concerning accounting manipulation
• Exchanging views and experiences with other professionals, and contribute to the development of good practice

Teaching and Learning Methods

Lectures with a review of relevant rules, examples, and assignments.

Assessment Methods

• Written examination, 6 hours, graded mark
• Work requirements, mandatory assignments that must be approved in order for the student to take the written examination

In ordered to qualify as a registered public accountant candidates must achieve a grade of C or better in the course.

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