Financial Accounting (5 cr)

Evaluation scale

0-5

Content scheduling

The course includes independent familiarization with literature as well as lectures and exercises and assignments.

Objective

The object of the course
In this course you familiarize yourself with the tasks and the meaning of financial accounting and the prerequisites of profitable business taking sustainable development into account.

Course competences
​
Business Competence
Sustainable development


The learning objectives of the course
In this course you learn the basics and processes of financial accounting, are able to take care of the most essential tasks of these processes given the closing of the accounts and the basics of financial statement analysis, taxation and sustainable development.

Content

The topics of the course include business know-how, the processes of a company (the management of customer, product and service registers, procurement and sales), the registrations of business transactioins, the basics of value-added and direct taxation, financial statements and financial statement and ratio anaysis, principles of sustainable development, their implementation and acting responsibly as a professional and member of society.

Location and time

Timetable 09.01.2023 - 21.4.2023
The course will be implemented as a virtual teaching.

Materials

Jormakka, R., Koivusalo, K. Lappalainen, J. & Niskanen, M. 2015. Laskentatoimi. EditaPrima. Luvut 1–6.
Viitala, R. 2006. Liiketoimintaosaaminen: menestyvän yritystoiminnan perusta. Business Edita.
Näsi, J. & Neilimo, K. 2006. Mitä on liiketoimintaosaaminen.
SanomaPro: Verkkokirjahylly.

Teaching methods

Lectures
Books
Learning tasks

Employer connections

Possible company visitors will be confirmed during the course.

Exam schedules

Exam will be held on week 16. Two resit examinations will be held according to Degree Regulations and the dates will be confirmed during the course.

Completion alternatives

A corresponding course completed in another university may be accredited partially or completely. Competence acquired through informal learning may be recognized and accredited on the basis of competence test. More precise instructions can be found in Degree Regulations and in Study Guide.

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 20 h
Independent familiarization with literature and videos 35 h
Independent exercises and assignments 80 h

Assessment criteria, satisfactory (1)

Adequate 1
You can name the financial accounting processes of a micro-company and are able to take care of the most essential tasks of these processes for example basic level bookkeeping entries. You can apply the information with guidance and with more detailed instructions. You take responsibility for your own work.


Satisfactory 2
You can present the processes of a micro-company from the perspective of financial accounting and you identify the impact of business transactions on financial statements on a general level. You are able to follow the schedule in producing the data.

Assessment criteria, good (3)

Good 3
You can outline the processes of a small company from the perspective of financial accounting and specify how the processes are based on practical doing. You take care of the essential tasks of these processes flawlessly. You know the impact of business transactions on financial statements as regards profitability, finance, solvency and sustainable development. You are able to follow the schedule in producing the data.

Very good 4
You can evaluate the processes of a small company from the perspective of financial accounting and argue how bookkeeping and financial statements are drawn up from these processes. You can plan actions to improve profitability and know the basics of direct taxation and the elements affecting the finance, solvency and sustainable development of a company on a general level. You are able to follow the schedule in producing the data.

Assessment criteria, excellent (5)

Excellent 5
You can plan the processes of a small company from the perspective of financial accounting and argue how bookkeeping and financial statements are drawn up from these processes. You can actively plan actions to impact direct taxation, probitability, finance , solvency and sustainable development of a company. You can guide others’ work. You are able to follow the schedule in producing the data..

Further information

The assessment of the course is based on the following credits:
1) exercises and assignments (40 %, 2 ECTS)
2) exam (60 %, 3 ECTS)