Introduction to Financial Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TLA0305 |
| Type: | Compulsory / Basic Studies |
| Curriculum: | LT 2015V |
| Level: | Bachelor of Business Administration |
| Year of Study: | 1 (2015-2016) |
| Credits: | 6 cr |
| Responsible Teacher: | Lehtimäki, Harri |
| Language of Instruction: | Finnish |
Courses During the Academic Year 2015-2016
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 28 | T-LT-1V | 2015-08-21 – 2015-12-18 | Harri Lehtimäki, Mika Ylinen | Finnish | 2015-08-12 – 2015-09-13 |
Learning Outcomes
The student understands the objectives and procedures related to financial accounting in a business and professional setting, knows the fundamental principles of financial accounting, closing of the accounts and Finnish value added taxation. The student develops practical skills for maintaining accounting records by using accounting software. The student can read and analyze annual statements issued by small companies.
Student's Workload
Lectures and exercices 80 h, preparing for the tests 20 h, course work 20 h, autonomous studies 60 h
Prerequisites / Recommended Optional Courses
No prerequisites
Contents
Basic concepts, rules and legislation concerning financial accounting, amortization of acquisition costs, invoices and credit invoices, discounts and freights, Finnish value added taxation, wages and personnel related social expenses, advance payments, journal and general ledger, preparation of profit and loss account and balance sheet, accruals. The bookkeeping process and closing of the accounts in a small business by using accounting software, financial statements and analysis of financial business information.
Regional Impact
The Basic Skills of Accounting to the Use of Regional Companies. Accounting and financial statements are legal measures that entrepreneurs in the region have to manage.
Internationality
Understanding the Basics of Bookkeeping also when you are working with International Issues. The financial statements are an important report on the envisaged international operations.
Recommended or Required Reading and Other Learning Resources/Tools
Tomperi, Soile. Uusin painos. Käytännön kirjanpito. Helsinki. Edita.
Tomperi, Soile Keskinen, Virpi. Uusin painos. Käytännön kirjanpito. Harjoituskirja. Helsinki. Edita.
Handouts
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, exercises, self-reliant studying.
Assessment Criteria
5 the student can give reasons for solutions made when acting in tasks of an expert. He can recognise development needs in the field.
3 the student can utilize essential conseps in a single assignments and understand the theories on which the assignments are based. He recognised the area of expertise in his/her field.
1 the student recognises and understands the essential theories, principles and methods. He recognises the area of expertise in his/her field.
Assessment Methods
Written tests i and II, course work and active participation. Assessment on scale 0-5. The final grade affects of the average of the written tests I and II and the course work. All the three performances have the same weight. If the average is 4,5 or more, the final grade is 5 etc.