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Accounting

Course
GM1401
Master’s level
7,5 credits (ECTS)

About

The course includes the regulation of financial accounting, basic concepts (e.g. relevance and faithful representation), and group accounting. Further, the course covers two important aspects of management accounting, management control alternatives and the design of performance measurement.

The course comprises two modules:

1. Financial Accounting

2. Management Accounting and Control

Module 1 focuses on regulation of financial accounting, basic concepts (e.g. relevance and faithful representation), and group accounting. The section on regulation deals with what rules there are, why there is regulation and the costs and benefits that regulation brings to the economy. Various regulation methods are dealt with, and the rules companies must follow today. The basic concepts section focuses on what underlying structures there are in accounting and how these structures are mirrored in a number of current accounting rules. The course also has a technically oriented section with a special focus on group accounting. In this section, students learn the format of group accounting and the financial concepts behind the methods for producing group accounts.

Module 2 deals with various perspectives of management accounting and control and is divided into two parts. The first part considers the link between organizational design and different forms of control where both behavioral and practical consequences of different forms of control are discussed. In the second part, students are trained in the connection between profitability, financing and growth related to different types of risk.

Prerequisites and selection

Requirements

To be eligible for the course Accounting the participant must fulfil the entrance qualifications for the Master of Science programme in Accounting and Financial Management. For programme specific entrance requirements, see programme syllabus.