Bachelor in Auditing and Accounting

Transcription

1 Bachelor in Auditing and Accounting Responsible faculty Bodø Graduate School of Business Study programme director Bjørgunn Havstein address Language of instruction Norwegian Admission requirements General university admission requirements. Programme evaluation The program is evaluated annually based on feedback from the students, both through a continuous dialogue during the term and through a web based questionnaire at the end of each term. Assessment methods A range of different forms of evaluation are used. Home exams, papers, cases, oral presentations as well as written school exams. The grades A through E are used for exams passed and F for a failure. Evaluations may be individual and in groups. Censors w General description and profile of the programme The Bachelor programme in auditing is based on a national plan which states the subject areas to be included. Important topics are: Auditing Accounting Tax law Law The education qualifies for positions in accounting and auditing and fulfils the theoretical requirements (provided satisfactory results) necessary to be approved as registered public accountant. Study programme plan 2010 Autumn 2011 Spring 2011 Autumn 2012 Spring 2012 Autumn 2013 Spring Bachelor in Auditing and Accounting Mandatory courses MA105E OR125E RG206E EK230E RG202E EX120E-2 MA106E RG209E RG200E BE206E BE113E BE114E EK231E RG205E RG201E BE207E ME203E Elective courses Further education A Bachelor degree qualifies for Master programmes within both business and other areas both in Norway and abroad. At Bodø Graduate School of business the two year master program leads to the title of Siviløkonom / Master of Science in Business or Master of Science in Energy Management. Professional and occupational prospects Positions within accounting or auditing both in private and public sector. By obtaining authorisation as registered public accountant you may take on independent work as an auditor. Last updated by:, :54 «Back Emner 1st year of study Introduction to financial accounting - BE113E

2 Level of course: Introductory Level Study start: Autumn 2010 Course responsible person: Einar Torrissen address: Registering of basic accounting transactions fundamentals in accounting,the balance sheet and the income statement accounting regulation and accounting standards framework and concepts in accounting the contents of the financial statement and the balance sheet financial reporting issues in measuring assets, liabilities and equity accounting and taxation Learning outcomes: Students will after completed the course - Know the basic principles of accounting and performance measurement - Have insight in the financial accounts structure and framework - Have an understanding of key accounting measurement problems Lectures, normally 3-4 hours pr week. Normally supplementet by group exercises. Written school exam, 5 hours. Kristoffersen, Trond : "Årsregnskapet-en grunnleggende innføring ", Fagbokforlaget, latest edition Kristoffersen, Trond : "Årsregnskapet-en grunnleggende innføring. Oppgavesamling med løsninger, Fagbokforlaget, latest edition BE101E-003 Driftsregnskap og finansregnskap med analyse, 8 ECTS-credits BE101E-004 Driftsregnskap og finansregnskap med analyse - Skoleeksamen høst, 8 ECTS-credits BE101E Driftsregnskap og finansregnskap med analyse, 8 ECTS-credits BE101E Driftsregnskap og finansregnskap med analyse, 8 ECTS-credits BE117E Bedriftsøkonomi og regnskap, 8 ECTS-credits BE119E Grunnleggende Økonomistyring 1, 4 ECTS-credits BE120E Grunnleggende Økonomistyring 2, 4 ECTS-credits Examen philosophicum - EX120E-2 ECTS Credits: 10 Level of course: Introductory Level Study start: Autumn 2010 Course responsible person: Tor Ivar Hanstad address: tor.ivar.hanstad@uit.no

3 The course will introduce students to the history of Western philosophy with an emphasis on developments within ontology, epistemology, aesthetics, ethics and politics. The main focus will be on themes and concepts which are fundamental for our view of reality, such as rationality, knowledge, science, mind, morality and the human being in relation to nature and society. These issues will also be discussed in terms of their relevance for further research in the human, social and natural sciences as well as in professional studies. The framework for discussion will be linked to central historical periods and figures from the history of philosophy. Seminars. Students are expected to actively participate in discussions. Written school exam. Magee, Bryan The Story of Philosophy (Doring Kindersley, 2001). EX121E-2 Examen philosophicum, 10 ECTS-credits EX130S Examen philosophicum, 10 ECTS-credits EX140L Kunnskap, menneskesyn og etikk, 10 ECTS-credits Mathematics - MA105E Level of course: Introductory Level Study start: Autumn 2010 Course responsible person: Petter Pettersen address: Petter.Pettersen@uin.no Elementary algebra Functions of one variable Optimizing in economic problems Exponential and logarithm functions Finance mathematics Integration with application in economics Functions of several variables. Derivation Optimizing problems Maximum and minimum with the Lagrange Method. The course builds upon knowledge equivalent to basic subjects taught in high school. 4-6 hours lectures and 2 hours of group work per week. 4 hours written examination at the end of the semester. Compulsory attendance at seminars. Rohnes, B: Matematikk for økonomer. Kort og godt. Universitetsforlaget. Some additional litterature may be recommended in the lessons. MA107E Innføring i økonomisk matematikk, 5 ECTS-credits ME105E Matematikk, 5 ECTS-credits

4 Financial analysis - BE114E Level of course: Introductory Level Study start: Spring 2011 Course responsible person: Einar Torrissen address: Einar.Torrissen@uin.no Introduction to management accounting and classification of costs Understanding cost behaviour Job costing Cost and income analysis relevant for decision making Preparing the statement of cash flow Financial statement analysis Financial ratio analysis Learning outcomes: Students will after completed the course: - Have a good understanding of cost variability - Be able to distribute the costs from species to cost center - Be able to prepare estimates for full cost and contribution method - Be able to implement cost, volume and revenue analysis - Carry out analysis of accounting - Be able to prepare cash flow statements Lectures, normally 3-4 hours pr week. Normally supplementet by group exercises. Written school exam, 5 hours. Kristoffersen, Trond : "Årsregnskapet-en grunnleggende innføring ", Fagbokforlaget, latest edition Kristoffersen, Trond : "Årsregnskapet-en grunnleggende innføring. Exercisebook, Fagbokforlaget, latest edition Hoff, Kjell Gunnar: "Grunnleggende bedriftsøkonomisk analyse" and related exercisebook, Universitetsforlaget, latest edition BE101E-003 Driftsregnskap og finansregnskap med analyse, 3 ECTS-credits BE101E-004 Driftsregnskap og finansregnskap med analyse - Skoleeksamen høst, 3 ECTS-credits BE101E Driftsregnskap og finansregnskap med analyse, 3 ECTS-credits BE101E Driftsregnskap og finansregnskap med analyse, 3 ECTS-credits BE117E Bedriftsøkonomi og regnskap, 8 ECTS-credits BE119E Grunnleggende Økonomistyring 1, 5 ECTS-credits BE120E Grunnleggende Økonomistyring 2, 3 ECTS-credits Statistics - MA106E Level of course: Introductory Level Study start: Spring 2011

5 Course responsible person: Petter Pettersen address: Descriptive statistics Combinatorics and probability theory Probability distributions for discrete and continuous random variables: binomial, hypergeometric, normal, student's t and chi-square distributions. Normal approximation Correlation and regression models Estimation and hypothesis testing. The course builds upon knowledge equivalent to basic subjects taught in high school. 4-6 hours lectures and 2 hours of group work per week. 4 hours written examination at the end of the semester. Foosnæs, H.; Halvorsen, K.; Volden, R.;Wentzel-Larsen, T: "Statistikk, en innføring", Fagbokforlaget, (latest edition) Some additional litterature may be recommended in the lessons. MA146F Statistikk for biologer, 5 ECTS-credits Organisation - OR125E Level of course: Introductory Level Study start: Spring 2011 Course responsible person: Alf Håvard Dahl address: Alf-Haavard.Dahl@uin.no Students take an active part in the evaluation of the course. Through their elected representative, who has a special responsibility to ensure dialogue between students and course coordinator / lecturer and the study program as needed. In addition to this process evaluation a final evaluation by means of an electronic questionnaire is made. Below is given a thematic description of course content: Perspectives and historical development The organization and its surroundings - addiction and strategy Goals Organizational Structure (formal structure perspective) and design Organizational Culture (informal structure, symbolic perspective) Human Resource perspective: motivation and needs special Groups and Teams Stakeholders and power (power perspective) Management: what and how? Central processes decisions, opinion / opinion-making, communication Personality, identity and gender Learning, innovation and change - in terms of process, context and sub-topics

6 Recommended previous knowledge: EX120E Ex phil and BE116E Markets and contexts - an introduction. The main methods include: lectures, groups working with exercises / case led by the tutor, assignment with supervision and feedback. It is expected that students also work actively with curriculum / literature consecutively. By working with an assignment in groups of 3-5 students, students will receive training in teamwork and team development. The task will also provide training in information-gathering and processing, problem analysis and discussion. The thesis provides specialization in any of the course's theme. It represents an alternative learning method of the subject and is included in the evaluation of the subject. The task usually involves contact with a business so that students connect theory and practice. The course has a twofold evaluation form: An assignment during the semester, counting 40%, these are made normally in groups of 3-5 students, you can get guidance during and after. Individual written examination, counts 60%. Both the assignment and examination must be passed for the course to be approved. Jakobsen & Thorsvik (2007), Hvordan organisasjoner fungerer, Bergen: Fagbokforlaget Compendium OR127E Organisasjon og verdibasert ledelse, 8 ECTS-credits PO110S Organisasjonsteori, 8 ECTS-credits 2nd year of study Corporate Finance - BE206E Study start: Autumn 2010 Course responsible person: Einar Torrissen address: Einar.Torrissen@uin.no the concept of Time Value of Money investment appraisals using techniques like the net present value and the internal rate of return risk and return, the required return and the cost of capital selected topics related to tax, inflation and uncertainty. Financial planning and the preparation of the operating budget focusing on the cash budget,the budgeted inconme statement and the budgeted balance sheet Analysis of financial structure. Learning outcomes: Students will after completed the course: - Mastering the basic interest rate calculations - Be able to perform investment analysis using the present value method - Could make profitability assessments on the basis of internal interest method - Be able to understand how capital markets work and how different types of securities are priced It assumes knowledge equivalent to MA 105E/MA 106E Mathematics / Statistics and BE 113E/BE 114E Introduction to financial accounting and business administration and accounting analysis.

7 Lectures, 3-4 hours per week, seminars and exercises. Written school exam, 5 hours (100% of the grade). Exam aids: All printed and written aids allowed as well as any calculator. Bøhren, Øyvind og Gjærum, Per Ivar, Prosjektanalyse Investering og finansiering, Fagbokforlaget, last edition BE118E Driftsregnskap, budsjettering, finansiering og investering, 8 ECTS-credits BE119E Grunnleggende Økonomistyring 1, 3 ECTS-credits BE120E Grunnleggende Økonomistyring 2, 5 ECTS-credits Microeconomics - EK230E Study start: Autumn 2010 Course responsible person: Hassa Pedersen address: Hassa.Pedersen@uin.no Markets and prices Producers, consumers and perfect competition. Choice under uncertain conditions. Production costs. Markets and competition. Monopoly. Imperfect competition. Game theory. Markets for various goods. Information, market failure and the role of the public sector. Economic efficiency, markets under asymetrical information. Tax and regulation. Mathematics, MA105E or its equivalent. Lectures (approx. 35 hours in total). In addition exercise work. Written exam, 4 hours. Anders Dedekam jr.: Mikroøkonomi. Latest edition. Fagbokforlaget. Accounting Systems - RG206E ECTS Credits: 5 Study start: Autumn 2010 Course responsible person: Bjørgunn Havstein

8 address: How to organise, plan and implement the activities related to the functions of accounting and business analysis. The legal requirements to the accounts and reporting, tax related issues etc. Internal control measures The accounting system The structure of accounts Control and security issues of ICT based accounting systems Requirements from the tax authorities BE101E Fundamentals of cost accounting and Financial accounting and Analysis Lectures and group work and presentations. A compulsory individual exercise (passed/not passed) and a school exam (this accounts for 100% of the grade). Moen, T.G. og Havstein, B.: Regnskapsorganisasjon - bokføring og intern kontroll, 4. issue, Cappelen Akademiske Forlag 2005 (new issue in August 2005). Moen, T.G. og Havstein, B: :Regnskapsorganisasjon - bokføring og intern kontroll. Oppgavesamling, 1. issue,cappelen Akademiske Forlag Revisors håndbok RE206E Regnskap og oppgjør for eiendomsmeglere, 5 ECTS-credits RG211E Virksomhets- og regnskapsorganisering, 5 ECTS-credits Cost Accounting and Budgeting - BE207E Study start: Spring 2011 Course responsible person: Einar Torrissen address: Einar.Torrissen@uin.no Introduction to managment accounting and cost accounting understanding cost behaviour job costing cost and income analysis for decision making standard costs Financial planning and the preparation of the operating budget focusing on the cash budget,the budgeted inconme statement and the budgeted balance sheet Analysis of financial structure. Lectures, 3-4 hours per week, seminars and exercises. Written school exam, 5 hours (100% of the grade).

9 Hoff, Kjell Gunnar : "Grunnlegende Bedriftsøkonomisk analyse", Universitetsforlaget, siste utgave, med tilhørende oppgavebok Hoff, Kjell Gunnar : "Driftsregnskap og budsjettering", Universitetsforlaget, siste utgave, med tilhørende oppgavebok BE101E-003 Driftsregnskap og finansregnskap med analyse, 5 ECTS-credits BE101E-004 Driftsregnskap og finansregnskap med analyse - Skoleeksamen høst, 5 ECTS-credits BE101E Driftsregnskap og finansregnskap med analyse, 5 ECTS-credits BE101E Driftsregnskap og finansregnskap med analyse, 5 ECTS-credits BE118E Driftsregnskap, budsjettering, finansiering og investering, 8 ECTS-credits BE119E Grunnleggende Økonomistyring 1, 3 ECTS-credits BE120E Grunnleggende Økonomistyring 2, 5 ECTS-credits BE203E Bedriftsøkonomisk analyse I, 3 ECTS-credits Macroeconomics - EK231E Study start: Spring 2011 Course responsible person: Hassa Pedersen address: Hassa.Pedersen@uin.no A macroeconomic view of Norway. Long term view on the economy. National accounts. Economic growth. Money, inflation and unemployment. Short term view on the economy. Business cycles. Macroeconomic policies, money-, finance-, budget- and income policy. The interconnection between micro and macroeconomics. Consume and investment. BE100E, Introduction to Business Management and ME105E Mathematics. Lectures (approx. 35 hours in total). In addition exercise work. Written exam, 4 hours. Macro: Steigum, Erling. Moderne makroøkonomi. Gyldendal akademiske. Last edition. EK204E Samfunnsøkonomi makro, 7 ECTS-credits SE102E Samfunnsøkonomi makro, 7 ECTS-credits Taxation Law 2 - RG202E ECTS Credits: 20 Study start: Spring 2011 Course responsible person: Jannicke Knudtzon Rokkan

10 E- mail address: The scope of tax liability Tax subjects Tax on assets Income (commercial and private) Company taxes Inheritance Restructuring, sale of companies, tax effects The system of value added tax RG203E Advanced accounting or equivalent. Lectures, group work and hand ins. Written school exam. Subject to change: Lars Fallan, Innføring i skatterett Thor Refsland, Lærebok i merverdiavgift Den norske revisorforening, Skattereformen - en presentasjon, 3. edition Skattelovsamling Supplementary litterature: Skattedirektoratet, LigningsABC Skattedirektoratet, Merverdiavgiftshåndboken A. Brudvik, Skatterett for næringsdrivende RG202E Skatterett 2, 20 ECTS-credits RG202E 000 Skatterett 2, 20 ECTS-credits Emnebeskrivelse er ikke publisert 3rd year of study Research methods - ME203E Type of course: Compulsory Duration: 1 semester Study start: Autumn 2012 Year of study: 3rd year Course responsible person: Frode Fjelldal-Soelberg address: Frode.Fjelldal-Soelberg@uin.no Costs: No costs except semester registration fee and syllabus literature.

11 The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the university s quality assurance system. The course provides an introduction to methods in social science, both qualitative and quantitative. Relevant topics in this respect include, but are not limited to: What is scientific knowledge, paradigms, and theory? How to arrive at fruitful research questions? Sampling, data collection and how to take advantage of software in data analysis? Writing about and reporting from field work. Learning outcomes: On successful completion of the course the student will be able to: Describe, understand and explain phenomena in the social world. Possess methodological reflexivity (epistemological awareness) Especially recommended elective courses: Offered as a free-standing course: No Recommended previous knowledge: Mode of delivery: Face-to-face Lectures, lab-assignments introducing the software SPSS and NVIVO. Schedule and detailed description of weekly chores will be provided at the beginning of the course. Combined: A. Work requirement, approved/not approved. B. 5-hour written examination with regular Norwegian grading system (A-F) Work placement: Johannessen, Kristoffersen og Tufte: Forskningsmetode for Økonomisk-Administrative, nyeste utgave. Pensum er gjenstand for endringer ved semesterstart. Study progression requirement: All 1st year courses on the bachelor program, as well as 30 ECTS from the 2nd study year must be passed, in order for the student to start this third year course. ME222E Anvendt metode 2, 8 ECTS-credits Auditing Theory and Methods - RG200E ECTS Credits: 20 Type of course: Compulsory Duration: 2 semesters

12 Study start: Autumn 2012 Year of study: 3rd year Study place: Bodø Course responsible person: Bjørgunn Havstein address: Costs: No costs except semester registration fee and syllabus literature. The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the university s quality assurance system. The course covers the financial audit and provides an in-depth introduction to auditing theory and methodology. In addition, the planning and conduct of auditing is dealt with. Key topics included in this course are: Accountants Law and auditing standards The auditor's duties, responsibilities and sanctions against the auditor Auditing theory and methods Evaluation of internal control, risk and significance reviews Auditing in IT environments Planning, organization and implementation of audit Evaluate and conclude on the basis of evidence The auditor's report Ethical / moral issues in relation to the audit Learning outcomes: After completing this course, students will have the following learning outcomes: KNOWLEDGE Students should: have good knowledge of the legal profession and specific framework for the auditor's professional practice have knowledge of the auditor's role as a public person to be trusted have good knowledge of auditing theory and methods used in financial audits of financial statements have a general knowledge of auditing and corporate control in the public sector have knowledge of the auditor's duties in connection with equity transactions have knowledge of normative ethical theory and moral theory SKILLS: Students should: Apply the legal and professional framework specific to practical problems Develop a plan for the audit of the client assessment reporting, including consider whether the auditor at any time is actually independent and appears to be objective and independent determine and apply the materiality of the individual assignment be able to carry out and conclude the risk assessment on individual assignments and be able to apply the conclusion of the audit plan determine what is relevant and sufficient audit evidence conclude the audit procedures and report the results of the audit be able to identify and reflect on ethical issues GENERAL COMPETENCE: Students should: acquire new knowledge in this field and knowledge of other areas that affect the auditor and audit see the topic in a broader context and in a societal perspective provide key academic material within the subject area through relevant expressions exchange views and experiences with other professionals and help to develop good practice be able to reflect on ethical issues within the discipline Especially recommended elective courses: Offered as a free-standing course: No

13 Recommended previous knowledge: The course assumes knowledge equivalent of courses in the program's first two years of Financial Accounting, Financial Analysis, Corporate Finance, Law and Accounting Systems. Mode of delivery: Plenary lecture and assignment work in plenary and groups. Lecture and assignment work, both individually and in groups. Designated work assignments are a necessary part of the learning process. Papers in ethics is mandatory work requirements. This does not count in the final evaluation, but must be approved to take the exam. 6 hour written school exam. The exam is common to all educational institutions in Norway that offer auditor education. The grade of C or better has been set by the Finance Authority as the Grade Requirement for approval as a registered auditor. Aids for exam: ISA in Norwegian Work placement: Bror Petter Gulden: Den eksterne revisor, Universitetsforlaget, siste utgave. Bror Petter Gulden: Revisjon, teori og metode, Cappelen Akademisk Forlag, siste utgave. Bror Petter Gulden: Oppgavesamling i revisjon, Cappelen Akademisk Forlag, siste utgav., Gulden. Bror Petter Etikk, moral og revisjon: teori, analyse og handlingsvalg, Den norske Revisorforening, siste utgave. Revisors håndbok, siste utgave, Den norske Revisorforening (kan bestilles samlet av studentene direkte fra forlaget). Recommended: Cordt-Hansen,H., Siebke,H.A., Knudsen, E.: Revisorloven med kommentarer, Den norske Revisorforening, 2010 Moen, T.G. og Havstein, B.: Regnskapsorganisasjon - bokføring og intern kontroll, 4. utgave, Cappelen Akademisk Forlag 2010 Moen, T.G. og Havstein, B: :Regnskapsorganisasjon - bokføring og intern kontroll. Oppgavesamling, 2. utgave,cappelen Akademisk Forlag Davise, M. og Aston,J.: Auditing fundamentals,prentice Hall, 2011 Study progression requirement: Requires normal progression on the study - 60 credits from the first year of study as well as 30 credits from the second year of study must be completed before the course can be taken. RG200E 000 Revisjonsteori- og metode, 20 ECTS-credits RG200E 000 Revisjonsteori- og metode, 20 ECTS-credits RG200E Revisjonsteori- og metode, 20 ECTS-credits Financial Accounting and Accounting Standards - RG205E ECTS Credits: 15 Type of course: Compulsory Duration: 2 semesters Study start: Autumn 2012 Year of study: 3rd year Study place: Bodø

14 Course responsible person: John Erik Rønning address: Costs: No costs except semester registration fee and syllabus literature. The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the university s quality assurance system. The course gives a deeper understanding of accounting issues related to company financial statements with an emphasis on developing an understanding of how accounting theory, accounting law, and accounting standards are used in accounting issues. Key topics included in this course are: - Accounting requirements for financial statements - Application of accounting standards - Accounting principles and valuation rules - Mergers and acquisitions - Consolidated - The preparation of financial statements - Notes to the accounts - Annual report - Accounting theory Learning outcomes: After taking this course, students will be able to: - Analyze, investigate and resolve issues related to the preparation and presentation of financial statements, both in theoretical and practical issues. - Master accounting issues related to enterprise integration, including accounting for mergers and acquisitions and tax in group - Master the accountancy law requirements of notes and accounts, as well as formal requirements for the preparation of financial statements - Have some knowledge of the key differences between Norwegian (NRS) and international (IAS / IFRS) accounting rules. - In addition, more detailed knowledge of selected individual IAS / IFRS standards. Especially recommended elective courses: Offered as a free-standing course: No Recommended previous knowledge: Minimum pre-qualifications should be the courses BE113E Introduction to financial accounting, BE114E Financial analysis and Advanced Accounting (RG209E) or the equivalent having been passed. Taxation Law 2 (RG202E) is taken simultaneously. Students meeting the admission requirements for the 1-year add-on study in auditing meet the requirements for prior knowledge Mode of delivery: Face-to-face Lectures, practice sessions, seminars, tutored assignment work A 6- hour written exam The grade requirement, as set out by the authorities for approval as an auditor is "C" or better. Work placement: Book: Finansregnskap - god regnskapsskikk og IFRS, av Kvifte, Steinar Sars, Tofteland, André og Bernhoft, Anne-Cathrine. Fagbokforlaget, siste utgave. Tasks: Finansregnskap - Årsregnskap og god regnskapsskikk, oppgavesamling. Kvifte, Steinar Sars, Tofteland, André og Bernhoft, Anne-Cathrine.Fagbokforlaget, siste utgave. Additional litterature: Årsregnskapet i teori og praksis siste utgave, Huneide m.fl.: Gyldendal Akademisk, siste utgave

15 Study progression requirement: Requires normal progression on the study - 60 credits from the first year of study as well as 30 credits from the second year of study must be completed before the course can be taken. RG205E 000 Årsregnskap/god regnskapsskikk, 15 ECTS-credits Public sector accounting - RG201E ECTS Credits: 5 Type of course: Compulsory Duration: 1 semester Study start: Spring 2013 Year of study: 3rd year Study place: Bodø Course responsible person: Levi Gårseth-Nesbakk address: Levi.Garseth-Nesbakk@uin.no Costs: No costs except semester registration fee and syllabus literature. The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the university s quality assurance system. This course provides an introduction into public sector accounting (and related management control areas), centering on accounting rules regulating public sector accounting in Norway. The course is divided 50/50 between local government and central government levels. The local government part of the course deals with: Budgeting and planning (herein related reports and principles, system interrelations and logic as well as short vs. long term planning) Local government reporting and bookkeeping (including accounting statements and principles, other reporting requirements, such as KOSTRA, the chart of accounts, as well as accounting techniques for simple transactions and events as well as some that are government specific). How to finalize the preparation of the accounting statements as well as management of local government resources (including the final accounting entries, cancellation of technical budgetary accounting items), system controls, debt and guarantee liabilities, management of financial resources and cost accounting calculations for local government service production. The central government part of the course deals with: Overview of management control (including management control objectives and regulation, organizing, steering and associated development and trends) at central government level. Budgeting and reporting at central government level (herein the budgetary process and the reports, the chart of accounts, budgetary appropriations, accounting reports, and reporting from central government agencies. Book-keeping at central government level (encompassing traditional agencies and consolidated central government accounts, as well as some other agency accounts). Experimentation with accrual accounting in central government agencies, and the derived set of new voluntary accounting standards on an accrual basis. Learning outcomes: After completing the course the students should have the following learning outcomes: Knowledge (objectives): Skills: Have knowledge about requirements, objectives and particularities associated with accounting and related management control areas in the public sector. Have knowledge about processes underlying budgetary work in the public sector. Have knowledge about attributes of local and central government reporting. Have knowledge about accounting related similarities and differences between local and central government accounting and private sector accounting. Be able to apply accounting principles and rules relating to various areas of the public sector and prepare associated accounting reports. Be able to apply obtained knowledge on practical and theoretical problems.

16 General competence: Obtain a broader understanding of different accounting models, herein how to apply as well as interpret them. Especially recommended elective courses: Offered as a free-standing course: No Recommended previous knowledge: Mode of delivery: Face to face Lectures. 4 hours a week. A 5-hour written examination with the regular Norwegian grading system (A-F) Work placement: (In Norwegian) Books: Mellemvik, F., Gårseth-Nesbakk, L. & Mauland, H. (2012). Regnskap og budsjett i kommunesektoren. Oslo: Cappelen Akademisk Forlag. Mellemvik, F., Gårseth-Nesbakk, L. & Mauland, H. (2010). Regnskap og budsjett i staten - en innføring. Oslo: Cappelen Akademisk Forlag. Course compendia: Kompendium inneholdende statlige økonomistyringsbestemmelser Kompendium inneholdende kommunale økonomistyringsbestemmelser Supplementary reading: Gårseth-Nesbakk, L. (2012). Oppgavesamling regnskap og budsjettering i stat og kommune. Oslo: Cappelen Akademisk Forlag. Study progression requirement: All 1st year courses on the bachelor programme, as well as 30 ECTS from the 2nd study year must have been passed, in order for the student to start this third year course RG201E Offentlig regnskap, 5 ECTS-credits