The programme is designed to provide students with a specialist education in areas concerning taxation and accounting. The contemporary business and legal environment means that tax law and account are increasingly linked and there is a demand for professionals with expertise in both areas.
The programme is 120 ECTS and is organised as two years of full-time study.
The programme is made up of:
Students graduate with a Master's degree from the Faculty of Law or the Faculty of Business Administration, depending on where they complete their thesis.
The programme is designed to prepare students for demanding and complex careers in accounting and tax law.
Courses are taught in Icelandic or English. Most textbooks are in English.
Upon completing the programme, the student should be able to demonstrate knowledge in the field of accounting, auditing and tax law. The student should have the skills to apply theoretical methods and the ability to draw conclusions from their results.
Completing the programme allows you to apply for doctoral studies.
In order to enroll in the Master's programme in Taxation and Accounting, applicants must have completed a BA-degree from the University of Iceland Faculty of Law or a BS or BA-degree from the University of Iceland School of Business or the Faculty of Economics, or an equivalent degree in a comparable field. As a general rule, applicants shall have completed their undergraduate studies with a first-class GPA (7.25 or above).
The Master's programme in Taxation and Accounting is 120 ECTS credits. The final thesis shall equal 30 ECTS credits. Preferably the thesis shall take into account the premises of interdisciplinary studies. Grading is subject to the University of Iceland School of Business and the Faculty of Law special rules for individual courses. For the master's degree a student may be required to give a public lecture on the final thesis, upon completion of which the student shall pass an examination. An external examiner and the tutor/supervisor shall assess the student's performance and determine whether the student has passed the examination.
Further information on supporting documents can be found here
Interdisciplinary studies jointly organized by:
Check below to see how the programme is structured.
This programme does not offer specialisations.
The main objective of the course is to give a profound understanding of Icelandic Tax Law. The course Tax Law I deals with Icelandic tax law but the course Tax Law II deals with international tax law.
The course deals with tax law and its workings in the Icelandic legal system. The main concepts of tax law and tax law from a constitutional perspective are discussed. The concepts of tax, tax liability and exemptions are discussed and the course provides for an in debth analysis of the concept of income for defining tax bases including a thorough analysis of allowable deductions. Various doctrines of tax law are discussed. The course covers the law of procedure for disputes concerning taxation, both within the tax administration and before courts. The course deals mainly with income tax for both legal and natural persons, capital income tax and value added tax.
The course description is not available in English
Three of the principal theories of ethics, namely the teachings of Aristotle, Immanuel Kant and John Stuart Mill, and students presented fundamentally critical thinking.
The relationship between legislation and morality will be examined as well as what characterizes professionalism. This will detail the ethics of auditors and how they play together with the Auditor-General's Act and relate to the community.
Students will be given an overview of corporate governance guidelines, both in Iceland and abroad, and the role of the audit in them. What does it meen to be considered the "watchdogs" of the public and how they have performed their role in recent years as “watchdogs”.
The legal environment for auditors will be study and including international financial reporting standards and international auditing standards and ESMA enforcement regarding IFRS, as implementation in Iceland, which is managed by the Financial Statements Registry.
This course is designed for students on the F- and R-line (finance and accounting). The purpose with the course is that the students obtains knowledge and understanding on matters that management of companies needs to have to prepare financial statements in accordance with generally accepted accounting principles. In the course students, will learn about generally accepted accounting principles according to international accountings standards (IFRS) and icelandic GAAP. Among topics: Financial accounting and accounting standards, income statement, balance sheet and cash flow. Revenue recognition and cost accounting, inventories, accounts receivables, PPE, intangible assets, income tax, impairment test, accounting for financial instruments, liabilities and equity. Students will need to solve assignments during the course.
The main objective of the course is to give students a good understanding of international tax law. In the course Tax Law II the concepts of limited and unlimited tax liability are discussed and analyzed. Double taxation treaties are studied and the interpretation of such treaties and the methods provided to avoid double taxaton and what implication taxes have on income generated in different tax jurisdictions. Tax competition and the battle against international tax avoidance is disscussed.
The course description is not available in English.
This course is a continuation of Financial Statements A, which is taught in the fall semester. It is expected that students of this course are fully familiar with the content of the course Financial Statements A.
The course will cover the principles in accounting under both IFRS and Icelandic law. Topics: cash flow, income tax, earnings per share, financial instruments, finance leases, assets held for sale and discontinued operations, investment properties, provision, information in the financial statements and related parties.
Assignments are part of the course, and students will need submit them.
Reserved the righttochangethecoursedescription.
A course description in English is not available.
This course primarily deals with the preparation of consolidated financial statements and the accounting aspects of mergers and acquisitions. In addition, the following accounting issues are discussed: settlement of partnerships, inventories, trade receivables, goodwill, booking of agency transactions, booking of foreign transactions and conversion of annual accounts from one currency to another, bankruptcy settlement, and financial statements of municipalities and other non-profit entities.
Today, performance auditing is considered a necessary part of public sector auditing and is in addition to the traditional financial audit. Its aim is to provide state and local government institutions and companies with restraint in their operations with suggestions on what can be done better in their management, planning, supervision, goal setting and procedures.
Introduce participants to the nature and purpose of performance auditing, the theoretical basis on which it is based and what sets it apart from traditional financial auditing.
At the same time, participants gain insight into the methods of administrative auditing and their application in Iceland and elsewhere.
Furthermore, participants should gain some understanding of the fundamentals of public administration and the nature of the differences between the public and private sectors.
Public finances, Act no. 123/2015. The state and municipalities together form the public sector. Public finances revolve around the operation of mutual funds. The National Audit Office monitors these funds. Public finance policy is based on five core values: sustainability, prudence, stability, stability and transparency. These core values are the guiding light of all policy-making and decisions of the Althingi and the government in public finances.
In this course, the purpose and objectives of performance auditing will be thoroughly presented. The methodology on which it is based will be reviewed and its tools introduced. The main topics of the course will be: Public administration, auditing in the public sector, public finances, economy-efficiency-effectiveness, presentation of results. Realistic examples will be considered.
Basic concepts related to investment and valuation are covered, and the structure of the annual accounts and how the income statement, balance sheet and cash flow are discussed. A "fundamental analysis" is argued, and comparable multiple analysis method where value can be obtained. It will be examined how cash flow, profit, excess profit, normal profit, and valuation are related, as well as the effect on yield. Analysis of profitability to approach the "right value" of the company. Growth has a major impact on valuations related to, among other things, P / E and P / B. Valuation and sensitivity analysis methods.
Valuation is closely related to financing and operability, and covered how valuation is related in one way or another to the concepts of financial position and going concern of companies. The concepts will be examined in the light of IFRS and ISA in a broad context and understanding of continuing operations.
Financial and performance monitoring systems is covered. Success can be related to both financial and non-financial items. Procedures as well as methodologies for evaluating results are important to get the right picture of the operating position.
Group assignments are based on both teaching material and the material presented in the lectures.
A course description in English is not available.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The main objective of the course is to give a profound understanding of Icelandic Tax Law. The course Tax Law I deals with Icelandic tax law but the course Tax Law II deals with international tax law.
The course deals with tax law and its workings in the Icelandic legal system. The main concepts of tax law and tax law from a constitutional perspective are discussed. The concepts of tax, tax liability and exemptions are discussed and the course provides for an in debth analysis of the concept of income for defining tax bases including a thorough analysis of allowable deductions. Various doctrines of tax law are discussed. The course covers the law of procedure for disputes concerning taxation, both within the tax administration and before courts. The course deals mainly with income tax for both legal and natural persons, capital income tax and value added tax.
The course description is not available in English
Three of the principal theories of ethics, namely the teachings of Aristotle, Immanuel Kant and John Stuart Mill, and students presented fundamentally critical thinking.
The relationship between legislation and morality will be examined as well as what characterizes professionalism. This will detail the ethics of auditors and how they play together with the Auditor-General's Act and relate to the community.
Students will be given an overview of corporate governance guidelines, both in Iceland and abroad, and the role of the audit in them. What does it meen to be considered the "watchdogs" of the public and how they have performed their role in recent years as “watchdogs”.
The legal environment for auditors will be study and including international financial reporting standards and international auditing standards and ESMA enforcement regarding IFRS, as implementation in Iceland, which is managed by the Financial Statements Registry.
This course is designed for students on the F- and R-line (finance and accounting). The purpose with the course is that the students obtains knowledge and understanding on matters that management of companies needs to have to prepare financial statements in accordance with generally accepted accounting principles. In the course students, will learn about generally accepted accounting principles according to international accountings standards (IFRS) and icelandic GAAP. Among topics: Financial accounting and accounting standards, income statement, balance sheet and cash flow. Revenue recognition and cost accounting, inventories, accounts receivables, PPE, intangible assets, income tax, impairment test, accounting for financial instruments, liabilities and equity. Students will need to solve assignments during the course.
The main objective of the course is to give students a good understanding of international tax law. In the course Tax Law II the concepts of limited and unlimited tax liability are discussed and analyzed. Double taxation treaties are studied and the interpretation of such treaties and the methods provided to avoid double taxaton and what implication taxes have on income generated in different tax jurisdictions. Tax competition and the battle against international tax avoidance is disscussed.
The course description is not available in English.
This course is a continuation of Financial Statements A, which is taught in the fall semester. It is expected that students of this course are fully familiar with the content of the course Financial Statements A.
The course will cover the principles in accounting under both IFRS and Icelandic law. Topics: cash flow, income tax, earnings per share, financial instruments, finance leases, assets held for sale and discontinued operations, investment properties, provision, information in the financial statements and related parties.
Assignments are part of the course, and students will need submit them.
Reserved the righttochangethecoursedescription.
A course description in English is not available.
This course primarily deals with the preparation of consolidated financial statements and the accounting aspects of mergers and acquisitions. In addition, the following accounting issues are discussed: settlement of partnerships, inventories, trade receivables, goodwill, booking of agency transactions, booking of foreign transactions and conversion of annual accounts from one currency to another, bankruptcy settlement, and financial statements of municipalities and other non-profit entities.
Today, performance auditing is considered a necessary part of public sector auditing and is in addition to the traditional financial audit. Its aim is to provide state and local government institutions and companies with restraint in their operations with suggestions on what can be done better in their management, planning, supervision, goal setting and procedures.
Introduce participants to the nature and purpose of performance auditing, the theoretical basis on which it is based and what sets it apart from traditional financial auditing.
At the same time, participants gain insight into the methods of administrative auditing and their application in Iceland and elsewhere.
Furthermore, participants should gain some understanding of the fundamentals of public administration and the nature of the differences between the public and private sectors.
Public finances, Act no. 123/2015. The state and municipalities together form the public sector. Public finances revolve around the operation of mutual funds. The National Audit Office monitors these funds. Public finance policy is based on five core values: sustainability, prudence, stability, stability and transparency. These core values are the guiding light of all policy-making and decisions of the Althingi and the government in public finances.
In this course, the purpose and objectives of performance auditing will be thoroughly presented. The methodology on which it is based will be reviewed and its tools introduced. The main topics of the course will be: Public administration, auditing in the public sector, public finances, economy-efficiency-effectiveness, presentation of results. Realistic examples will be considered.
Basic concepts related to investment and valuation are covered, and the structure of the annual accounts and how the income statement, balance sheet and cash flow are discussed. A "fundamental analysis" is argued, and comparable multiple analysis method where value can be obtained. It will be examined how cash flow, profit, excess profit, normal profit, and valuation are related, as well as the effect on yield. Analysis of profitability to approach the "right value" of the company. Growth has a major impact on valuations related to, among other things, P / E and P / B. Valuation and sensitivity analysis methods.
Valuation is closely related to financing and operability, and covered how valuation is related in one way or another to the concepts of financial position and going concern of companies. The concepts will be examined in the light of IFRS and ISA in a broad context and understanding of continuing operations.
Financial and performance monitoring systems is covered. Success can be related to both financial and non-financial items. Procedures as well as methodologies for evaluating results are important to get the right picture of the operating position.
Group assignments are based on both teaching material and the material presented in the lectures.
A course description in English is not available.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The main objective of the course is to give a profound understanding of Icelandic Tax Law. The course Tax Law I deals with Icelandic tax law but the course Tax Law II deals with international tax law.
The course deals with tax law and its workings in the Icelandic legal system. The main concepts of tax law and tax law from a constitutional perspective are discussed. The concepts of tax, tax liability and exemptions are discussed and the course provides for an in debth analysis of the concept of income for defining tax bases including a thorough analysis of allowable deductions. Various doctrines of tax law are discussed. The course covers the law of procedure for disputes concerning taxation, both within the tax administration and before courts. The course deals mainly with income tax for both legal and natural persons, capital income tax and value added tax.
The course description is not available in English
Three of the principal theories of ethics, namely the teachings of Aristotle, Immanuel Kant and John Stuart Mill, and students presented fundamentally critical thinking.
The relationship between legislation and morality will be examined as well as what characterizes professionalism. This will detail the ethics of auditors and how they play together with the Auditor-General's Act and relate to the community.
Students will be given an overview of corporate governance guidelines, both in Iceland and abroad, and the role of the audit in them. What does it meen to be considered the "watchdogs" of the public and how they have performed their role in recent years as “watchdogs”.
The legal environment for auditors will be study and including international financial reporting standards and international auditing standards and ESMA enforcement regarding IFRS, as implementation in Iceland, which is managed by the Financial Statements Registry.
This course is designed for students on the F- and R-line (finance and accounting). The purpose with the course is that the students obtains knowledge and understanding on matters that management of companies needs to have to prepare financial statements in accordance with generally accepted accounting principles. In the course students, will learn about generally accepted accounting principles according to international accountings standards (IFRS) and icelandic GAAP. Among topics: Financial accounting and accounting standards, income statement, balance sheet and cash flow. Revenue recognition and cost accounting, inventories, accounts receivables, PPE, intangible assets, income tax, impairment test, accounting for financial instruments, liabilities and equity. Students will need to solve assignments during the course.
The main objective of the course is to give students a good understanding of international tax law. In the course Tax Law II the concepts of limited and unlimited tax liability are discussed and analyzed. Double taxation treaties are studied and the interpretation of such treaties and the methods provided to avoid double taxaton and what implication taxes have on income generated in different tax jurisdictions. Tax competition and the battle against international tax avoidance is disscussed.
The course description is not available in English.
This course is a continuation of Financial Statements A, which is taught in the fall semester. It is expected that students of this course are fully familiar with the content of the course Financial Statements A.
The course will cover the principles in accounting under both IFRS and Icelandic law. Topics: cash flow, income tax, earnings per share, financial instruments, finance leases, assets held for sale and discontinued operations, investment properties, provision, information in the financial statements and related parties.
Assignments are part of the course, and students will need submit them.
Reserved the righttochangethecoursedescription.
A course description in English is not available.
This course primarily deals with the preparation of consolidated financial statements and the accounting aspects of mergers and acquisitions. In addition, the following accounting issues are discussed: settlement of partnerships, inventories, trade receivables, goodwill, booking of agency transactions, booking of foreign transactions and conversion of annual accounts from one currency to another, bankruptcy settlement, and financial statements of municipalities and other non-profit entities.
Today, performance auditing is considered a necessary part of public sector auditing and is in addition to the traditional financial audit. Its aim is to provide state and local government institutions and companies with restraint in their operations with suggestions on what can be done better in their management, planning, supervision, goal setting and procedures.
Introduce participants to the nature and purpose of performance auditing, the theoretical basis on which it is based and what sets it apart from traditional financial auditing.
At the same time, participants gain insight into the methods of administrative auditing and their application in Iceland and elsewhere.
Furthermore, participants should gain some understanding of the fundamentals of public administration and the nature of the differences between the public and private sectors.
Public finances, Act no. 123/2015. The state and municipalities together form the public sector. Public finances revolve around the operation of mutual funds. The National Audit Office monitors these funds. Public finance policy is based on five core values: sustainability, prudence, stability, stability and transparency. These core values are the guiding light of all policy-making and decisions of the Althingi and the government in public finances.
In this course, the purpose and objectives of performance auditing will be thoroughly presented. The methodology on which it is based will be reviewed and its tools introduced. The main topics of the course will be: Public administration, auditing in the public sector, public finances, economy-efficiency-effectiveness, presentation of results. Realistic examples will be considered.
Basic concepts related to investment and valuation are covered, and the structure of the annual accounts and how the income statement, balance sheet and cash flow are discussed. A "fundamental analysis" is argued, and comparable multiple analysis method where value can be obtained. It will be examined how cash flow, profit, excess profit, normal profit, and valuation are related, as well as the effect on yield. Analysis of profitability to approach the "right value" of the company. Growth has a major impact on valuations related to, among other things, P / E and P / B. Valuation and sensitivity analysis methods.
Valuation is closely related to financing and operability, and covered how valuation is related in one way or another to the concepts of financial position and going concern of companies. The concepts will be examined in the light of IFRS and ISA in a broad context and understanding of continuing operations.
Financial and performance monitoring systems is covered. Success can be related to both financial and non-financial items. Procedures as well as methodologies for evaluating results are important to get the right picture of the operating position.
Group assignments are based on both teaching material and the material presented in the lectures.
A course description in English is not available.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The main objective of the course is to give a profound understanding of Icelandic Tax Law. The course Tax Law I deals with Icelandic tax law but the course Tax Law II deals with international tax law.
The course deals with tax law and its workings in the Icelandic legal system. The main concepts of tax law and tax law from a constitutional perspective are discussed. The concepts of tax, tax liability and exemptions are discussed and the course provides for an in debth analysis of the concept of income for defining tax bases including a thorough analysis of allowable deductions. Various doctrines of tax law are discussed. The course covers the law of procedure for disputes concerning taxation, both within the tax administration and before courts. The course deals mainly with income tax for both legal and natural persons, capital income tax and value added tax.
The course description is not available in English
Three of the principal theories of ethics, namely the teachings of Aristotle, Immanuel Kant and John Stuart Mill, and students presented fundamentally critical thinking.
The relationship between legislation and morality will be examined as well as what characterizes professionalism. This will detail the ethics of auditors and how they play together with the Auditor-General's Act and relate to the community.
Students will be given an overview of corporate governance guidelines, both in Iceland and abroad, and the role of the audit in them. What does it meen to be considered the "watchdogs" of the public and how they have performed their role in recent years as “watchdogs”.
The legal environment for auditors will be study and including international financial reporting standards and international auditing standards and ESMA enforcement regarding IFRS, as implementation in Iceland, which is managed by the Financial Statements Registry.
This course is designed for students on the F- and R-line (finance and accounting). The purpose with the course is that the students obtains knowledge and understanding on matters that management of companies needs to have to prepare financial statements in accordance with generally accepted accounting principles. In the course students, will learn about generally accepted accounting principles according to international accountings standards (IFRS) and icelandic GAAP. Among topics: Financial accounting and accounting standards, income statement, balance sheet and cash flow. Revenue recognition and cost accounting, inventories, accounts receivables, PPE, intangible assets, income tax, impairment test, accounting for financial instruments, liabilities and equity. Students will need to solve assignments during the course.
The main objective of the course is to give students a good understanding of international tax law. In the course Tax Law II the concepts of limited and unlimited tax liability are discussed and analyzed. Double taxation treaties are studied and the interpretation of such treaties and the methods provided to avoid double taxaton and what implication taxes have on income generated in different tax jurisdictions. Tax competition and the battle against international tax avoidance is disscussed.
The course description is not available in English.
This course is a continuation of Financial Statements A, which is taught in the fall semester. It is expected that students of this course are fully familiar with the content of the course Financial Statements A.
The course will cover the principles in accounting under both IFRS and Icelandic law. Topics: cash flow, income tax, earnings per share, financial instruments, finance leases, assets held for sale and discontinued operations, investment properties, provision, information in the financial statements and related parties.
Assignments are part of the course, and students will need submit them.
Reserved the righttochangethecoursedescription.
A course description in English is not available.
This course primarily deals with the preparation of consolidated financial statements and the accounting aspects of mergers and acquisitions. In addition, the following accounting issues are discussed: settlement of partnerships, inventories, trade receivables, goodwill, booking of agency transactions, booking of foreign transactions and conversion of annual accounts from one currency to another, bankruptcy settlement, and financial statements of municipalities and other non-profit entities.
Today, performance auditing is considered a necessary part of public sector auditing and is in addition to the traditional financial audit. Its aim is to provide state and local government institutions and companies with restraint in their operations with suggestions on what can be done better in their management, planning, supervision, goal setting and procedures.
Introduce participants to the nature and purpose of performance auditing, the theoretical basis on which it is based and what sets it apart from traditional financial auditing.
At the same time, participants gain insight into the methods of administrative auditing and their application in Iceland and elsewhere.
Furthermore, participants should gain some understanding of the fundamentals of public administration and the nature of the differences between the public and private sectors.
Public finances, Act no. 123/2015. The state and municipalities together form the public sector. Public finances revolve around the operation of mutual funds. The National Audit Office monitors these funds. Public finance policy is based on five core values: sustainability, prudence, stability, stability and transparency. These core values are the guiding light of all policy-making and decisions of the Althingi and the government in public finances.
In this course, the purpose and objectives of performance auditing will be thoroughly presented. The methodology on which it is based will be reviewed and its tools introduced. The main topics of the course will be: Public administration, auditing in the public sector, public finances, economy-efficiency-effectiveness, presentation of results. Realistic examples will be considered.
Basic concepts related to investment and valuation are covered, and the structure of the annual accounts and how the income statement, balance sheet and cash flow are discussed. A "fundamental analysis" is argued, and comparable multiple analysis method where value can be obtained. It will be examined how cash flow, profit, excess profit, normal profit, and valuation are related, as well as the effect on yield. Analysis of profitability to approach the "right value" of the company. Growth has a major impact on valuations related to, among other things, P / E and P / B. Valuation and sensitivity analysis methods.
Valuation is closely related to financing and operability, and covered how valuation is related in one way or another to the concepts of financial position and going concern of companies. The concepts will be examined in the light of IFRS and ISA in a broad context and understanding of continuing operations.
Financial and performance monitoring systems is covered. Success can be related to both financial and non-financial items. Procedures as well as methodologies for evaluating results are important to get the right picture of the operating position.
Group assignments are based on both teaching material and the material presented in the lectures.
A course description in English is not available.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The topic of the Master's thesis must be chosen after consulting the thesis advisor(s), who must be full-time faculty at the School of Business or the Faculty of Law. The thesis must equal 30 ECTS credits. The thesis must be presented at a departmental seminar. The thesis must be handed in to the faculty office no later than at the specific dates that are announced before each graduation. Grades for a master's thesis are given by the thesis advisor(s) and an outside reader.
The timetable shown below is for the current academic year and is FOR REFERENCE ONLY.
Changes may occur for the autumn semester in August and September and for the spring semester in December and January. You will find your final timetable in Ugla when the studies start. Note! This timetable is not suitable for planning your work schedule if you are a part-time employee.
The University of Iceland collaborates with over 400 universities worldwide. This provides a unique opportunity to pursue part of your studies at an international university thus gaining added experience and fresh insight into your field of study.
Students generally have the opportunity to join an exchange programme, internship, or summer courses. However, exchanges are always subject to faculty approval.
Students have the opportunity to have courses evaluated as part of their studies at the University of Iceland, so their stay does not have to affect the duration of their studies.
After graduation, students may work in corporate law, accounting and auditing for:
This list is not exhaustive.
There is no specific student organisation for this programme, but students meet frequently in the Student Cellar.
What interests you?
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If you still have questions, feel free to contact us.
The School office offers support to students and lecturers, providing guidance, counselling, and assistance with various matters.
You are welcome to drop by at the office in Gimli or you can book an online meeting in Teams with the staff.
