Excerpt from course description

Financial Reporting, general issues


The course is about preparing and understanding financial statements according to IFRS. IFRS is an internationally accepted set of accounting standards used by listed firms in the EU/EEA and elsewhere in the world. Expertise in IFRS is needed for professional auditors, accounting preparers and accounting users. The course is compulsory for students in the Master of Accounting and Auditing.

Course content

  • Basic accounting concepts and techniques
  • IFRS conceptual framework.
  • Financial reporting standards, eg.
    • Business combinations and consolidation
    • Revenue recognition
    • Leasing
    • Fixed assets and provisions
    • Impairment of assets
    • Cash flow statements


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.