Payroll Management and Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TLTP0703 |
| Curriculum: | LT 2023V |
| Level: | Bachelor of Business Administration |
| Year of Study: | 2 (2024-2025) |
| Semester: | Autumn |
| Credits: | 2 cr |
| Responsible Teacher: | Lehtimäki, Harri |
| Language of Instruction: | Finnish |
Courses During the Academic Year 2024-2025
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 3020 | LT2023-2K | 2024-10-21 – 2024-12-15 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
| 3021 | LT2023-2M | 2024-10-21 – 2024-12-15 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
| 3022 | LT2023-2O, LT2023-2T | 2024-10-21 – 2024-12-15 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
| 3024 | LT2023-2W | 2025-02-28 – 2025-04-29 | Harri Lehtimäki | Finnish | 2024-12-01 – 2025-01-12 |
| 3025 | LT2023V-2K | 2024-08-30 – 2024-10-31 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
Learning Outcomes
After completing the course
* you can justify the importance of payroll administration as part of the company's operations
* you know the key concepts related to salary.
* you know the personnel costs to be paid by the employer and the amounts deducted from employees' salaries
* you know how to make payroll entries for accounting
* you know how to process reimbursements of expenses and calculate monetary values of fringe benefits
* you know how to calculate annual vacations
* you know how to calculate overtime compensation
Student's Workload
1 ECTS = 27h of work, so 2 ECTS = 54h is distributed in the Study Course as follows:
• Contact lessons and exercises approx. 14 hours
• Independent study approx. 18 hours
• Exercises approx. 10 hours
• Exam preparation approx. 10 hours
• Exam approx. 2 hours
Prerequisites / Recommended Optional Courses
Introduction to Financial Accounting.
Contents
Statutory Insurances, Withholding Tax, National Insurance Contributions, Fringe benefits, Reimbursement of expenses, annual Vacations, collective agreements, the calculation of working time pay, payroll accounting entries.
Regional Impact
The Basic Skills of Payroll Management to the Use of Regional and International Companies.
Internationality
Understanding the Basics of Payroll Management also when you are working with International Issues.
Recommended or Required Reading and Other Learning Resources/Tools
- Information of the tax authorities
- Legislation in force and egreements
- Handouts
- Written exercises
As supplementary reading: Stenbacka Juha - Söderström Terttu (newest edition). Palkanlaskenta. Helsinki. Sanoma Pro Oy.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, exercises and self-studies.
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
The grade is formed as follows:
• Participation in contact teaching 20% (applies to classroom teaching)
• Exam 80%