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Financial accounting and international regulation 7.5 credits

Externredovisning och internationell reglering
First cycle, R0025N
Course syllabus valid: Autumn 2021 Sp 1 - Present
The version indicates the term and period for which this course syllabus is valid. The most recent version of the course syllabus is shown first.

Education level
First cycle
Grade scale
U G VG *
Business Administration
Subject group (SCB)
Business Administration
Main field of study
Business Administration

Entry requirements

In order to meet the general entry requirements for first cycle studies you must have successfully completed upper secondary education and documented skills in English language and completed courses of at least 30 credits in the subject area Business Administration with at least the grade Pass. This must include the following courses: Principles of Marketing (M0015N) 7,5 credits, Management of business (O0017N) 7,5 credits, Introductory Course Accounting and Control (R0008N) 7,5 credits and Models for Management Control (R0009N) 7,5 credits, or equivalent knowledge.

More information about English language requirements


The selection is based on 1-165 credits.

Course Aim
Upon completion of this course the student should be able to:
  • explain the background and development of harmonized accounting standards
  • describe and explain the conceptual framework of accounting and its qualitative characteristics
  • interpret and apply International Financial Reporting Standards (IFRS) when preparing financial reports
  • conceptually structure, analyze and manage accounting problems due to the application of IFRS

This course requires basic knowledge in financial accounting. The focus is to develop an understanding of the conceptual and theoretical arguments that influence the preparation of financial reports. The theoretical framework includes inter alia definition of the elements of financial reporting, qualitative characteristics, dimensions and principles for accounting. The context of accounting is highlighted in this course by including some perceived benefits and obstacles to harmonized accounting standards. Accounting problems and dilemmas with applying international accounting standards are also highlighted in this course.

Each course occasion´s language and form is stated and appear on the course page on Luleå University of Technology's website.
The course is conducted through lectures and lessons.
Teaching might be in English.

If there is a decision on special educational support, in accordance with the Guideline Student's rights and obligations at Luleå University of Technology, an adapted or alternative form of examination can be provided.
Written exam. The course awards the grades pass with distinction (VG), pass (G) or fail (U).

Students must register for the courses themselves, or contact ETKS educational administration, not later than three days after the quarter commences. Failure to do so can result in the place being lost. This rule also applies to students with a guaranteed place.
The course is primarily aimed for students with specialization Accounting and Control.
Due to similar content, the course cannot be included in a degree together with the course R0024N or other courses with similar content.

Monika Kurkkio

Transition terms
The course R0025N is equal to R0024N

Literature. Valid from Autumn 2021 Sp 1
Smith, D., Brännström, D. och Jansson, A., Redovisningens språk, latest edition, Studentlitteratur.
Literature might be added.

Course offered by
Department of Social Sciences, Technology and Arts

CodeDescriptionGrade scaleCrStatusFrom periodTitle
0001Written examU G VG *7.50MandatoryA17

Study guidance
Study guidance for the course is to be found in our learning platform Canvas before the course starts. Students applying for single subject courses get more information in the Welcome letter. You will find the learning platform via My LTU.

Syllabus established
by Director of Undergraduate Studies Daniel Örtqvist, Department of Business Administration, Technology and Social Sciences 15 Feb 2017

Last revised
by Director of Undergraduate Studies Daniel Örtqvist, Department of Social Sciences, Technology and Arts 17 Feb 2021