Introduction to Financial Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TLA0308 |
| Curriculum: | LT 2024 |
| Level: | Bachelor of Business Administration |
| Year of Study: | 1 (2024-2025) |
| Semester: | Autumn |
| Credits: | 4 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 |
|---|---|---|---|---|---|
| 3023 | LT2024-1A | 2024-08-19 – 2024-12-22 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
| 3024 | LT2024-1B, LT2024-1C | 2024-08-19 – 2024-12-22 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
| 3026 | LT2024-1D | 2024-08-19 – 2024-12-22 | Riikka Mäkelä | Finnish | 2024-08-01 – 2024-09-06 |
| 3027 | LT2024-1O | 2024-08-19 – 2024-12-22 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
| 3028 | LT2024V-1T | 2024-08-19 – 2024-12-15 | Harri Lehtimäki | Finnish | 2024-08-01 – 2024-09-06 |
Learning Outcomes
After completing the course
* you can justify accounting tasks in business and professional activities
* you know the basic concepts of accounting, such as the principle of double-entry bookkeeping and the meaning of the income statement and balance sheet
* you know how to do accounting and financial statements
* you know how to apply the VAT Act and accounting legislation
* you know how to evaluate and use the information produced by accounting to support business decision-making.
Student's Workload
1 ECTS = 27 hours of work, so 4 ECTS = 108 hours are distributed in the Study Course as follows:
• Contact hours and exercises approx. 32 hours
• Independent study approx. 25 hours
• Exercises approx. 35 hours
• Exam preparation approx. 12 hours
• Exam approx. 4 hours
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, advance payments, 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.
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 test 80%, doing exercises and active participation 20%. Assessment on scale 0-5. The final grade affects of the grade of the written test but it is also affected by presence activity.