Excerpt from course description

Financial Accounting Theory


This course belongs to the major in Business Law, Tax and Accounting as a 1st semester compulsory course. Final class for this major is 2017-2019, and resit examinations will be planned. The course is also offered as a 3rd semester elective for Master in Accounting and Auditing. 

What is the relationship between accounting information and economic realities? This course provides insight into the fundamental functions of financial reporting and its theoretical basis.

Course content

  • History of the accounting discipline
  • Relationship with economic factors
  • Accounting models
  • The financial statement as a source of information for the capital market
  • Earnings management and other economic consequences
  • Standard setting


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.