Presentation of the Major in Business Law, Tax and Accounting Ignacio García de Olalla, portfolio coordinator

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2 Presentation of the Major in Business Law, Tax and Accounting Ignacio García de Olalla, portfolio coordinator

3 Welcome! Portforlio coordinator Ignacio García de Olalla Office A5-007 (ytre) 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.

4 Facts about the Programme MSc in Business Class of : 310 GPA average: 4,0 Nationalities represented: 19

5 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 program, 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

6 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

7 Why choosing the major in business law, tax and accounting 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

8 The major consists of 6 courses divided in 3 semesters Semester 6 ECTS 6 ECTS 6 ECTS 6 ECTS 6 ECTS 1. semester: Mathematics CORE Microeconomics CORE Applied Business Ethics CORE Financial Accounting Theory Financial Reporting and Analysis 2. semester: Research Methods for major in Business Law, Tax and Accounting CORE Multivariate Statistics CORE Business Analysis and Valuation Using Financial Statements Selskasrett- Selskapsformer Skatterettselskapsbeskatni ng og avgiftsrett 3. semester: Electives/Internship Master Thesis 4. semester: Selskapsretttransaksjoner, børsog verdipapirrett. Master Thesis

9 In addition to the 6-course-portfolio major, you can: Choose standalone electives Not electives within your major Choose an internship You need to attend a course in project management. You can choose one elective. The internship starts mid August and lasts 8 weeks. Internships are unpaid. Exchange

10 Opportunities Internship: Exchange: Thesis: Double Degree:

11 Master Thesis Start to think about it NOW. Talk to your fellow students to see their interests. Have a look at previous theses (library!) First semester: In September (to be announced), you will have a thesis seminar with me. As a part of that event, you will also have the chance to meet some potential supervisors. Second Semester Two thesis seminars with me (in February and March). Thesis proposal (2-3 pages). Deadline: 1st June.

12 Master Thesis Third semester: One seminar Preliminary Thesis pages. Deadline: 15th January. Pass/fail. It must be passed in order to hand in the final thesis on 1st July. Fourth Semester Final thesis submission: 1st July Number of pages: but depends on topic!

13 Possible supervisors from the institute of Business Law, Taxation and Accounting: NAVN TITTEL OMRÅDE Cathrine Bjune Førstelektor Skipsfartsjus Pål Berthling-Hansen PhD Økonomistyring Tore Bråthen Professor Selskapsrett Sverre Dyrnes Studierektor Regnskapsanalyse/Verdsettel se 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

14 Mulige veiledere fra institutt Regnskap, revisjon og jus: NAVN TITTEL OMRÅDE Flemming Ruud Professor Revisjon Hans Robert Schwenke Professor Regnskap Espen Skaldehaug Førstelektor Økonomistyring Tor Tangenes Førstelektor Økonomistyring Kizkitza Biguri Assistant Professor Valuation, Corporate Finance

15 Some current projects. Flemming T. Ruud Flemming T. Ruud Roy Kristiensen Roy Kristiensen Roy Kristiensen Anders Mikelsen Anders Mikelsen Anders Mikelsen Morten Lund Sverre Dyrnes Sverre Dyrnes Sverre Dyrnes Sverre Dyrnes Sverre Dyrnes Key audit matters: What are the difference in topics between Norwegian listed companies, and why differences occur? Internal Auditing: An examination of the internal auditing's integrity. In what kind of consulting industry in Norway are tax evasion most common? Fordeler og ulemper med en belopsgrense paa kr som kontantvederlag som forebyggende effekt p[ skatt. Hvordan vil illojale selskapsstrukturer mellom landegrenser og likhetsprinsippet bli påvirket av de nye skattereglene fra 2016? VAT on financial services: emphasis on the contents of the law and the consequences for the financial sector Justeringsregler ved bruksendring av fast eiendom Flypassasjeravgift Finansielle og juridiske aspekter ved oppkjøp og fusjoner av selskaper Examine the accuracy of relative valuation methods in the Norwegian insurance industry How could an alternative approach to valuation of digital intangible assets affect media and entertainment companies in the digital age_ Valuation: an empirical study of different valuation models and terminal value estimation problems among Norwegian analysts. Valuation: an empirical study of RIV-E and RIV-B Big Norwegian Acquisitions

16 Some current projects. Petter Gottschalk Petter Gottschalk Petter Gottschalk Pål Berthling-Hansen Ignacio Garcia de Olalla Ignacio Garcia de Olalla Ignacio Garcia de Olalla John Christian Langli John Christian Langli Tor Olav Nordtomme Caroline Dale Ditlev- Simonsen Økonomisk kriminalitet: en vurdering av Deloitte's granskningsrapport vedrørende Vimpelcom saken. To what extent was the corruption examination of Telenor's involvement in Vimpelcom successful? Hvordan blir varsling behandlet i praksis? Housing prices in Norway Equity research in Private Norwegian Firms: changes in capital structure in private Norwegian firms after the 2006 dividend reform. Social capitals influence on small firm behavior in Norway Fundamental valuation: an examination of speculative value relative to industry. Tax avoidance in regards to value creation Effect of accounting competence on earnings quality in companies exempt from audit requirement Human capital in Norwegian listed engineering companies How the Board of Gjensidige distribute funds and how the statutes are being met at a regional level

17 Class Representative Each programme (and major) has a class representative. This person is part of the student driven MasterChamber for the full academic year. The Chamber is important part of the school democracy at BI. In week 2 of classes ( ), you will select a class representative for your programme (per major in MSc Business, including QTEM). The election will be held inside one of your normal class hours. A representative from Master Chamber (2 nd year student) will come and present the role and execute the election. Preparations for you: if you would like to be the Class Representative, please prepare to have a short speech in class before the election.

18 Thank you for your attention Questions??? Do you have any doubts or questions: Tel