BUS214 Accounting (Accountant Regulations, Accounting Organization and Business Understanding)

Knowledge: The student:

• Has good knowledge of the rules that regulate the rights and duties of authorized accountants, including accountant tort duties
• Has good knowledge of the requirements, obligations and recommendations made in the Generally Accepted Accounting Principles
• Knows the board, the general manager and the auditor's role and responsibilities associated with a business
• Knows the most important business practices
• Knows the general controls and can reflect on organizational relationships related to internal control, including measures to ensure effective internal control
• Is aware of security requirements and controls in IT systems
• Have knowledge of the basic accounting principles in accounting law and generally accepted bookkeeping practice, including other provisions of Bookkeeping and Accounting

Skills:

The student:

• Can apply rules on rights and obligations and the content of the Generally Accepted Accounting Principles, regulations on risk management and internal controls, money laundering regulations and GDPR
• Can reflect on the responsibilities and roles in an enterprise, also in an internal control perspective

• Can reflect on ethical dilemmas that may arise in an accountant's business activity

  General competence:

  The student:

• Can acquire updated knowledge within the above knowledge and skill areas
• Can convey key subject matter through relevant forms of expression and to exchange views and experiences with other professionals
• Can see the subject in a broader societal perspective