Course description for 2024/25
Agricultural Accounting
REG1003
Course description for 2024/25

Agricultural Accounting

REG1003
The course will give a basic introduction to the accounting profession in general, with a focus on accounting in agriculture. Central themes are the accounts as an information source, the stages of the accounting work, and the principles, rules and laws associated with accounting. The students are also introduced to financial statement analysis.

The subject is reserved for students of the following study programmes:

  • Animal Sciences - Welfare and Production, Bachelor’s Programme
  • Livestock Sciences, Bachelor's Programme

Other students can get admitted if there are places available. Contact student advisor. 

Students must meet current admission requirements for the associated study program.

After completing the course, the student will have achieved the following learning outcomes:

Knowledge:

  • know the purpose of accounting in general and in agriculture in particular
  • have knowledge of basic accounting concepts and contexts
  • be familiar with central legal regulations, principles and rules related to accounting
  • have insight into the structure of the accounts
  • have knowledge of tax accounting and managerial accounting in an agricultural context

Skills:

  • be able to post the most common transactions for an agricultural business
  • be able to conduct certain accrual postings
  • be able to conduct simple year-end postings and prepare an income statement and a balance sheet
  • be able to explain the most important differences between the tax accounts and the agricultural operating accounts
  • be able to perform simple financial statement analysis of an agricultural account

General competence:

  • be aware of and understand the ethical issues related to the accounting profession
  • be able to exchange views and participate in professional discussions on accounting issues relevant to agriculture
Paid semester fee and syllabus literature. It is also required that students have a laptop at their disposal.

Compulsory course (Class of 2023, spring 2025)

Elective course (Class of 2024, spring 2026) - can be replaced by another relevant subject.

Lectures. Exercises, individually and in groups.
Evaluated annually by students through course surveys. These evaluations are included in the university’s quality assurance system.

Compound assessment

Assessment task; 2, approved/ not approved. Must be passed prior to the written examination.

Written examination, 4 hours, comprises 100% of the grade, grading scale A-F.

Pen, ruler, up to 2 bilingual dictionaries, simple calculator and an attached Excel file.

Generating an answer using ChatGPT or similar artificial intelligence and submitting it wholly or partially as one's own answer is considered cheating.