Introduction to Financial Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TIA0301 |
| Curriculum: | IB 2021 |
| Level: | Bachelor of Business Administration |
| Year of Study: | 1 (2021-2022) |
| Semester: | Spring |
| Credits: | 5 cr |
| Responsible Teacher: | Simunaniemi, Anna-Mari |
| Language of Instruction: | English |
Courses During the Academic Year 2021-2022
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 3003 | IB2021-1A | 2021-11-22 – 2022-02-27 | Riikka Mäkelä | English | 2021-08-01 – 2021-09-06 |
| 3004 | IB2021-1B | 2021-11-22 – 2022-02-27 | Riikka Mäkelä | English | 2021-08-01 – 2021-09-06 |
Still need to take the course? See the courses during the academic year 2024-2025.
Learning Outcomes
The student understands the basic principles and procedures related to fundamental financial accounting as well as indirect taxation. He is able to record, measure and report the financial performance and status of the firm.
Student's Workload
Class teaching: lectures/ exercises 64 h. Independent studies: Theory reading 20 h, independent studies and reflection 38 h, preparation for examination 20 h
The assesment of student's own learning 1 h is included in contact lessons.
Prerequisites / Recommended Optional Courses
No pre-requisits needed
Contents
Basics of accounting: entities and balance sheets. Income measurement: the accrual basis. The recording process: journals and ledgers. Accounting adjustments and financial statement preparation. Accounting cycle: recording, formal presentation and major elements of basic financial statements.
Regional Impact
There are various companies operating in the region and suitable cases used in classes.
Internationality
International learning environment with international examples and cases
Recommended or Required Reading and Other Learning Resources/Tools
- Lecture material
- Black Geoff. 2005. Introduction to Accounting and Finance. Prentice Hall.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, exercises in excel, independent studies.
Assessment Criteria
5. Student knows how to apply the field related knowledge broadly and assesses the applicability of the information critically. Knows how to analyze, evaluate and implement the development needs of the field in a customer-oriented way.
3 Student knows how to apply the field related knowledge broadly and professionally in diffrent situations. Knows how to choose and apply models critically and in a customer-oriented way in practical development work.
1 Student knows how to apply the field related knowledge broadly in diffrent situations. Knows how to use appropriate models independetly, diversly and from a customer-point of view in practical development situations.
Assessment Methods
Examination, independent task. Assessment on scale 0-5.