MSc in business major business law, tax and accounting

Presentaion of the Major in Business Law, Tax and Accounting Ignacio García de Olalla, portfolio coordinator... Goals of the MSc BusinessKnowledge Students in the MSc Business will acqui

Presentaion of the Major in Business Law, Tax and

Accounting

Ignacio García de Olalla, portfolio coordinator

• Portforlio coordinator Ignacio García de Olalla

Office A5-007 (ytre)

ignacio.g.lopez@bi.no

• What is the role of a portfolio coordinator?

- A link between students/academic staff/administration

- Ensuring the quality of the course portfolio in the major

- Organising the Master Thesis

- approving the thesis topic and thesis advisor

- responsible for thesis seminars in the program.

Specialization in business Law, Tax

and accounting

• What have you chosen?

• What opportunities gives me this

specialization?

• Overview of the specialization

• About our master students

• Master Thesis – Help!!!???

Goals of the MSc Business

Knowledge

Students in the MSc Business will acquire general management skills founded on solid knowledge

of several disciplines of business, critical thinking and effective communication The core fields of

business such as financial economics, economics, marketing, management, strategy, accounting,

auditing and tax are all represented by majors in the programm, and students will be able to apply theoretical frameworks within several of these disciplines to real life business problems.

Skills

Students will be able to use quantitative methods in statistics and mathematics in the analysis of business relevant topics, have general skills in ethical thinking and be able to identify ethical

aspects within the core fields of business, be effective communicators – both orally and written, have a solid theoretical understanding of a core fields of business, with proven ability to apply in the study real life business problems, be able to take advantage of several disciplines in the study

of business and management relevant topics.

Reflection

Students are aware of conflicting interest involved in decision-making – both in politics and

management, and being trained in identifying relevant ethical dilemmas in the management of business

Business Law, Tax and Accounting

The major in Business Law, Tax and Accounting provide students with thorough and advanced knowledge in legislative issues that are of particularly important

to companies and governmental agencies that keep an eye on how companies behave

The accomplishment of a decision or an action that may look reasonable and profitable from a financial point of view may be impossible to carry out because law prohibits it or because it’s legal consequences have been overlooked Thus, before decisions to act or remain passive are made, someone needs to check out the legal consequences.

Good knowledge in law is not only necessary in order to avoid violations and

costly mistakes It is also fundamental in order to be able to take advantage

of the opportunities that are given by the legislation and the

ever-changing environment Thus, companies and individuals that possess a solid

understanding of the legislation that surrounds business activities have a

competitive advantage: They are able to take appropriate decisions without

making legal mistakes

What opportunities gives me this specialization?

• The specialization is based on the market’s need for people with both economic and juridic competence Decisions that taken from a merely economic perspective make perfect sense, might be in collision with the Law and with regulations.

• The specialization suits perfectly for those who wish to work in the private or the public sector with:

• Financial reporting

• Acquisitions and divestures of companies

• Mergers and demergers

• Financial accounting and valuation

• Tax planning

• Economic crime

• Consulting

Semester 6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS

1 semester:

GRA 6035 - Mathem atics

CORE

GRA 6031 - Micro economics

CORE

GRA 6038 - Appli

ed Business Ethic s

CORE

GRA 6211 - Finan cial Accounting T heory

GRA 6212 - Finan cial Reporting an

d Analysis

2 semester:

GRA 6276 - Research Methods for Master

of Professional Acco untancy

CORE

GRA 6036 - Multi variate Statistics

CORE

GRA 6210 - Business Analysis and Valuation Using Financial Statements

GRA 6213 - Selskapsrett - selskapsformer

GRA 6215 - Skatterett - selskapsbeskatni

ng og avgiftsrett

3 semester:

Electives/internship/Exchange GRA 1900 -

Master Thesis

4 semester:

GRA 6214 - Selskapsrett - transaksjoner, børs-

og verdipapirrett

GRA 1900 - Master Thesis

The major consists of 6 courses divided in 3 semesters:

3rd Semester MSc in Business – the semester where YOU make the choices

• During the 3rd semester, 24 ECTS (out of 30 ECTS) are «free» in terms of you deciding yourself which

courses and activities you want to do.

• Many possibilities open for the students, but you are to explore possibilities outside your major – the third semester is thus often called the «breathsemester» (breddesemester)

• In the third semester, you can:

- Go on exchange – either a whole semester or a half semester

- Do an internship – either in Norway or abroad

- Choose to get knowledge within different subjects than your major

(could be very diversified – up to 4 courses from 4 different majors)

(or could be more specialized – 3 courses within another major)

- It will also be possible (within some limitations) to do summer schools within the structure of your program

- More information about the different possibilities will be provided to you during the first semester, but be

aware that it is the results from the first semester which will decide which options are open to you

About being a master student

• More responsability!

• A different type of teaching??????

• Alternative ways for evaluation are used:

• From GRA 6212 Financial Reporting an analysis course description :

Your course grade will be based on the following activities:

- Individual and/or group class work in the form of a mix of some/ all of the following: hand in of case write ups, projects, and home works; case presentations and

discussions as well as class participation

- Written final term paper.

Specific information regarding student evaluation beyond the information given in the course description will be provided in class This information may be relevant for requirements for term papers or other hand-ins, and/or where class participation can be one of several elements of the overall evaluation.

Master – norsk eller engelsk?

• A combination!

- Some of the teaching is in Norwegian,

some in English

- Your master thesis topic is important to

«decide» which language to use.

Master Thesis – help!!!???

• First of all – It is fun and interesting to do

research about a topic related to your master!

• What are the possible areas for a master

thesis?

• What possible supervisors??

Possible supervisors from the institute of Business Law, Taxation and Accounting:

Cathrine Bjune Førstelektor Skipsfartsjus

Pål Berthling-Hansen PhD Økonomistyring

Tore Bråthen Professor Selskapsrett

Sverre Dyrnes Studierektor Regnskapsanalyse/Verdsettelse Jeff Downing Post Doc Regnskap

Ole Gjems-Onstad Professor Skatterett

Ignacio Garcia de Olalla Lopez Førsteamanuensis Finans/regnskap/Corporate

Governance Dag Jørgen Hveem Studierektor Personlig økonomi og jus

Roy Kristensen Høyskolelektor Skatterett og merverdiavgift,

økonomisk kriminalitet Erland Kvaal Professor Regnskap

John Christian Langli Professor Regnskap

Tonny Stenheim Førsteamanuensis Regnskap/revisjon

Ingunn Myrtveit Professor Økonomistyring/IT

Janicke Rasmussen Førsteamanuensis Corporate governance

Mulige veiledere fra institutt Regnskap, revisjon og jus:

Flemming Ruud Professor Revisjon

Hans Robert Schwenke Professor Regnskap

Espen Skaldehaug Førstelektor Økonomistyring Tor Tangenes Førstelektor Økonomistyring

Some current projects…….

Flemming T Ruud Key audit matters: What are the difference in topics between Norwegian listed companies, and why differences occur?

Flemming T Ruud Internal Auditing: An examination of the internal auditing's integrity.

Roy Kristiensen In what kind of consulting industry in Norway are tax evasion most common?

Roy Kristiensen Fordeler og ulemper med en belopsgrense paa 40 000 kr som kontantvederlag som forebyggende effekt p[ skatt

Roy Kristiensen Hvordan vil illojale selskapsstrukturer mellom landegrenser og likhetsprinsippet bli påvirket av de nye skattereglene fra 2016? Anders Mikelsen VAT on financial services: emphasis on the contents of the law and the consequences for the financial sector

Anders Mikelsen Justeringsregler ved bruksendring av fast eiendom

Anders Mikelsen Flypassasjeravgift

Morten Lund Finansielle og juridiske aspekter ved oppkjøp og fusjoner av selskaper

Sverre Dyrnes Examine the accuracy of relative valuation methods in the Norwegian insurance industry

Sverre Dyrnes How could an alternative approach to valuation of digital intangible assets affect media and entertainment companies in the

digital age_

Sverre Dyrnes Valuation: an empirical study of different valuation models and terminal value estimation problems among Norwegian analysts Sverre Dyrnes Valuation: an empirical study of RIV-E and RIV-B

Sverre Dyrnes Big Norwegian Acquisitions

Some current projects…….

Petter Gottschalk Økonomisk kriminalitet: en vurdering av Deloitte's granskningsrapport vedrørende Vimpelcom saken.

Petter Gottschalk To what extent was the corruption examination of Telenor's involvement in Vimpelcom successful?

Petter Gottschalk Hvordan blir varsling behandlet i praksis?

Pål Berthling-Hansen Housing prices in Norway

Ignacio Garcia de Olalla Equity research in Private Norwegian Firms: changes in capital structure in private Norwegian firms after the 2006 dividend

reform

Ignacio Garcia de Olalla Social capitals influence on small firm behavior in Norway

Ignacio Garcia de Olalla Fundamental valuation: an examination of speculative value relative to industry.

John Christian Langli Tax avoidance in regards to value creation

John Christian Langli Effect of accounting competence on earnings quality in companies exempt from audit requirement

Tor Olav Nordtomme Human capital in Norwegian listed engineering companies

Caroline Dale

Ditlev-Simonsen How the Board of Gjensidige distribute funds and how the statutes are being met at a regional level

Some former projects…….

Your roll?

• For a better learning environment it is

important that the students and BI are in the same team.

• Have good contact with your classmates and with the class representative

• Bring things up before they become big

problems

Thank you for your attention

• Questions???

• Do you have any doubts or questions:

ignacio.g.lopez@bi.no

Tel 46410568