Excerpt from course description

Financial Accounting Theory


This course explores the role of accounting information. In particulary, it focuses on (i) the relation between accounting information and capital markets and (ii) on the role of accounting information in corporate contracts.

The course is particularly relevant to any student planning to work as an accounting standard setter, a regulator (Finanstilsynet, SEC, ...), an auditor, an economist, an equity research analyst, an analyst at a credit rating agency or an investor.

Course content

  • Brief history of the accounting and recent crises
  • Accounting models
  • The financial statement as a source of information for the capital market
  • The financial statement as a tool to maxize contracting efficiency
  • Earnings management and other economic consequences
  • Standard setting and introduction of sustainability reporting standards


This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.