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Front Page > Archived Education > Business Economics (T-LT) > 2013 > Year 2 > Group Accounting and Financing (TLS3307)

Group Accounting and Financing

Structure Type: Study unit
Code: TLS3307
Type: Compulsory / Professional Studies
Curriculum: T-LT 2013
Level: Bachelor of Business Administration
Year of Study: 2 (2014-2015)
Credits: 5 cr
Responsible Teacher: Lehtimäki, Harri
Language of Instruction: Finnish

Courses During the Academic Year 2014-2015

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
7T-LT-2T2015-01-05 – 2015-04-30Harri LehtimäkiFinnish2014-12-08 – 2015-01-12

Learning Outcomes

The student is able to identify the group structure, can prepare consolidated financial statements and knows the basic principles of IFRS-accounting practice. The student can also prepare cash flow statements needed in companies and evaluate the financial efficiency gained by using them. He/she knows how to find and use various financing sources.

Student's Workload

Lectures, written exercises and written tests 65 h, preparing fot the written tests 20 h, exercises with Navita-business model-applications/ completed task 20 h, self-reliant studying 40 h, .
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

Introduction to Financial Accounting,
Special Aspect of Book-Keeping and Financial Accounting,
Book-Keeping and Finanacial Accounting of Different Company Forms.


The definition of the group concept, various group structures, the contents and objectives of consolidated financial statements, preparation techniques, elimination of inter-company transactions and holdings, separation of minority interests, aggregation of subsidiaries and associated companies into the consolidated financial statements, the use of the Navita-business model-software for preparation of consolidated financial statements, IAS-standards, IFRS-accounting principles. Financial planning, working capital calculations, investment calculations for planning, to draw up cash flow statements using the direct and indirect methods.

Regional Impact

The region has a lot of international group companies, who have to prepare consolidated financial statements. Today, the group companies are also made up of small businesses.


International companies make their financial statement according to IFRS model. The consolidated financial statements of companies contains companies operating in different countries.

Recommended or Required Reading and Other Learning Resources/Tools

Alhola, Kari – Koivikko, Aarne – Räty, Päivi 2003 tai uudempi. Konsernitilinpäätös ja IAS. Vantaa. WSOY.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, written exercises, self-reliant studying, exercises with Navita-business model-applications/ completed task.

Assessment Criteria

5 the student can utilise, apply and assess critically theories, concepts and methods competently in various situations. He can justify, giving the theoretical base for the solutions made when acting in tasks of an expert.
3 the student can justify one's own solutions and compare and analyse various points of view. He can discuss the issues and phenomena of the field competently
1 the student can utilise systematically theories, prinsiples and methods. He can communicate about the professional issues.

Assessment Methods

Written tests I and II, exercises with Navita-business model-applications and active participation. Assessment on scale 0-5. The final grade forms of the average of the written tests I and II. In addition the exercises with Navita-business model-applications must be passed.