Introduction
Please note that this is a preliminary course description. The final version will be published in June 2027.
This course provides a theoretically grounded and research-informed exploration of the role of financial accounting in the economy. It focuses on two central functions of accounting information: (i) its use in capital markets, where it supports valuation, investment decisions, and stewardship assessments; and (ii) its role in shaping and enforcing corporate contracts, including debt covenants, compensation agreements, and governance mechanisms.
The course is particularly suited for students aiming for careers in auditing, equity research, financial regulation (e.g. Finanstilsynet, SEC), investment management and standard setting. It emphasizes critical thinking about the economic consequences of accounting choices and the broader institutional environment in which accounting operates.