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Front Page > Current Education > Business Economics (LT) > 2023W > Year 1 > Introduction to Financial Accounting (TLA0308)

Introduction to Financial Accounting

Structure Type: Study unit
Code: TLA0308
Curriculum: LT 2023W
Level: Bachelor of Business Administration
Year of Study: 1 (2023-2024)
Semester: Autumn
Credits: 4 cr
Responsible Teacher: Lehtimäki, Harri
Language of Instruction: Finnish

Courses During the Academic Year 2023-2024

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3017LT2023-1A2023-08-21 – 2023-12-24Harri LehtimäkiFinnish2023-08-01 – 2023-09-06
3018LT2023-1B, LT2023-1C2023-08-21 – 2023-12-24Harri LehtimäkiFinnish2023-08-01 – 2023-09-06
3020LT2023-1D2023-08-21 – 2023-12-24Riikka MäkeläFinnish2023-08-01 – 2023-09-06
3021LT2023-1W2023-08-21 – 2023-12-24Harri LehtimäkiFinnish2023-08-01 – 2023-09-06
3022LT2023V-1K2023-08-21 – 2023-12-17Harri LehtimäkiFinnish2023-08-01 – 2023-09-06

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 can read and analyze annual statements issued by small companies.

Student's Workload

Lectures and exercices 44 h, preparing for the tests 10 h, autonomous studies 25 h
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

No prerequisites


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, accounting items to be transmitted, journal and general ledger, preparation of profit and loss account and balance sheet. The bookkeeping process and closing of the accounts in a small business, financial statements and understanding 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.


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.

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 test, doing exercises and active participation. Assessment on scale 0-5. The final grade affects of the grade of the written test but it is also affected by presence activity.