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Introduction to Financial Accounting

Structure Type: Study unit
Code: TIA0301
Type: Compulsory / Professional Studies
Curriculum: IB 2014 / 2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021 / 2022 / 2023 / 2024
T-IB 2005FT / 2005GB / 2006 / 2007 / 2008 / 2009 / 2010 / 2011 / 2012 / 2013
Level: Bachelor of Business Administration
Year of Study: 1 (2005-2006 / 2006-2007 / 2007-2008 / 2008-2009 / 2009-2010 / 2010-2011 / 2011-2012 / 2012-2013 / 2013-2014 / 2014-2015 / 2015-2016 / 2016-2017 / 2017-2018 / 2018-2019 / 2019-2020 / 2020-2021 / 2021-2022 / 2022-2023 / 2023-2024 / 2024-2025)
Credits: 5 cr
Responsible Teacher: Lotchi, Kodjovi
Language of Instruction: English

Courses

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
1T-IB-2-22006-01-02 – 2006-06-16Benita GullkvistEnglish2005-12-05 – 2006-01-02
2T-IB-2-12006-01-02 – 2006-06-16Benita GullkvistEnglish2005-12-05 – 2006-01-02
3T-IB-2-1, T-IB-2-22006-10-30 – 2007-03-09Niklas KallenbergEnglish2006-10-09 – 2006-11-05
4T-IB-2-12007-10-29 – 2008-05-02Niklas KallenbergFinnish2007-10-08 – 2007-11-02
5T-IB-2-22007-10-29 – 2008-05-02Niklas KallenbergFinnish2007-10-08 – 2007-11-02
6T-IB-2-12008-10-27 – 2009-03-07Niklas KallenbergEnglish2008-10-06 – 2008-11-02
7T-IB-2-22008-10-27 – 2009-03-07Niklas KallenbergEnglish2008-10-06 – 2008-11-02
8T-IB-2-12009-10-26 – 2010-03-06Niklas KallenbergEnglish2009-10-05 – 2009-11-01
9T-IB-2-22009-10-26 – 2010-03-06Niklas KallenbergEnglish2009-10-05 – 2009-11-01
10T-IB-2-22010-10-25 – 2011-03-04Niklas KallenbergEnglish2010-10-04 – 2010-10-29
11T-IB-2-12010-10-25 – 2011-03-04Niklas KallenbergEnglish2010-10-04 – 2010-10-29
12T-IB-2-12011-10-24 – 2012-03-02Niklas KallenbergEnglish2011-10-03 – 2011-10-30
13T-IB-2-22011-10-24 – 2012-03-02Niklas KallenbergEnglish2011-10-03 – 2011-10-30
14T-IB-2-12012-10-29 – 2013-02-10Niklas KallenbergEnglish2012-10-08 – 2012-10-29
15T-IB-2-22012-10-29 – 2013-02-11Niklas KallenbergEnglish2012-10-08 – 2012-10-29
16T-IB-2-12013-09-02 – 2014-02-28Niklas KallenbergEnglish2013-08-16 – 2013-09-20
17T-IB-2-22013-09-02 – 2014-02-28Niklas KallenbergEnglish2013-08-16 – 2013-09-20
18T-IB-2-12014-09-01 – 2015-08-31Niklas KallenbergEnglish2014-08-15 – 2014-09-21
19T-IB-2-22014-09-01 – 2014-12-19Niklas KallenbergEnglish2014-08-15 – 2014-09-21
20T-IB-2-12015-09-01 – 2015-12-18Niklas KallenbergEnglish2015-08-14 – 2015-09-20
21T-IB-2-22015-09-01 – 2016-06-11Niklas KallenbergEnglish2015-08-14 – 2015-09-20
22T-IB-2-12016-09-01 – 2016-12-31Niklas KallenbergEnglish2016-08-22 – 2016-09-05
23T-IB-2-22016-09-01 – 2017-09-30Niklas KallenbergEnglish2016-08-22 – 2016-09-19
24T-IB-2-12017-09-01 – 2018-05-01Niklas KallenbergEnglish2017-08-21 – 2017-09-18
25T-IB-2-22017-09-01 – 2017-12-22Niklas KallenbergEnglish2017-08-21 – 2017-09-18
26T-IB-2-22018-08-31 – 2018-12-21Niklas KallenbergEnglish2018-08-20 – 2018-09-17
27T-IB-1-1, T-IB-2-12018-08-31 – 2019-11-22Niklas KallenbergEnglish2018-08-20 – 2018-09-17
28T-IB-1-12019-09-02 – 2020-02-23Niklas KallenbergEnglish2019-08-19 – 2019-09-09
29T-IB-1-22019-09-02 – 2020-02-23Niklas KallenbergEnglish2019-08-19 – 2019-09-09
3001IB2020-1A2020-11-23 – 2021-02-28Niklas KallenbergEnglish2020-08-17 – 2020-09-11
3002IB2020-1B2020-11-23 – 2021-02-28Niklas KallenbergEnglish2020-08-17 – 2020-09-11
3003IB2021-1A2021-11-22 – 2022-02-27Riikka MäkeläEnglish2021-08-01 – 2021-09-06
3004IB2021-1B2021-11-22 – 2022-02-27Riikka MäkeläEnglish2021-08-01 – 2021-09-06
3005IB2022-1A2022-11-21 – 2023-02-26Riikka MäkeläEnglish2022-08-01 – 2022-09-06
3006IB2022-1B2022-11-21 – 2023-02-26Riikka MäkeläEnglish2022-08-01 – 2022-09-06
3007IB2023-1A, IB2023-1B2023-11-20 – 2024-02-25Kodjovi LotchiEnglish2023-08-01 – 2023-09-06
3009IB2024-1A, IB2024-1B2024-11-25 – 2025-03-02Kodjovi LotchiEnglish2024-08-01 – 2024-09-06

The descriptions shown below are for the academic year: 2024-2025

Learning Outcomes

The student understands the basic principles and procedures related to fundamental financial accounting as well as indirect taxation. He is able to record, measure and report the financial performance and status of the firm.

Student's Workload

Class teaching: lectures/ exercises 64 h. Independent studies: Theory reading 20 h, independent studies and reflection 38 h, preparation for examination 20 h
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

No pre-requisits needed

Contents

Basics of accounting: entities and balance sheets. Income measurement: the accrual basis. The recording process: journals and ledgers. Accounting adjustments and financial statement preparation. Accounting cycle: recording, formal presentation and major elements of basic financial statements.

Regional Impact

There are various companies operating in the region and suitable cases used in classes.

Internationality

International learning environment with international examples and cases

Recommended or Required Reading and Other Learning Resources/Tools

- Lecture material

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, exercises in excel, independent studies.

Assessment Criteria

5. Student knows how to apply the field related knowledge broadly and assesses the applicability of the information critically. Knows how to analyze, evaluate and implement the development needs of the field in a customer-oriented way.

3 Student knows how to apply the field related knowledge broadly and professionally in diffrent situations. Knows how to choose and apply models critically and in a customer-oriented way in practical development work.

1 Student knows how to apply the field related knowledge broadly in diffrent situations. Knows how to use appropriate models independetly, diversly and from a customer-point of view in practical development situations.

Assessment Methods

Examination, independent task. Assessment on scale 0-5.

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