Financial Accounting (5 cr)

Evaluation scale

0-5

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.

Course competences
Entrepreneurship, innovation and working community competence​
Business Competence
Profitability Competence
Responsibility Competence

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 and taxation.

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.

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

Online learning, learning assignments made independently and in pairs. Use of bookkeeping software in simple tasks of bookkeeping and financial statements.

Employer connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam schedules

The exam will be held in online and supervised in Zoom.
Exam wk 48
Exam 1st resit wk 49
Exam 2nd resit wk 50

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

Total work load 135 h: lectures and exercises 34 h, independent study 68 h and learning assignments 33 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.

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 and solvency. You are able to follow the schedule.

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 and solvency of a company on a general level. You are able to follow the schedule.

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 and solvency of a company. You can guide others’ work. You are able to follow the schedule.

Further information

The assessment in the course is based on the competence demonstrated in the exam (60 %, 3 ECTS credits), in independent learning assignments (40 %, 1 ECTS credits) and in learning assignments made in pairs (0 %, 1 ECTS credits). All elements must be passed.