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Introduction to Financial Accounting

Structure Type: Study unit
Code: TLA0308
Type: Compulsory
Curriculum: LT 2014 / 2015 / 2016 / 2017 / 2017V / 2018 / 2018V / 2019 / 2019V / 2020 / 2020V / 2021 / 2021V / 2022 / 2022V / 2022W / 2023 / 2023V / 2023W / 2024 / 2024-O / 2024V
Level: Bachelor of Business Administration
Year of Study: 1 (2015-2016 / 2016-2017 / 2017-2018 / 2018-2019 / 2019-2020 / 2020-2021 / 2021-2022 / 2022-2023 / 2023-2024 / 2024-2025)
Credits: 4 cr
Responsible Teacher: Lehtimäki, Harri
Language of Instruction: Finnish

Courses

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
1T-LT-1-12014-09-01 – 2014-12-19Harri LehtimäkiFinnish2014-08-15 – 2014-09-21
2T-LT-1-22014-09-01 – 2014-12-19Harri LehtimäkiFinnish2014-08-15 – 2014-09-21
3T-LT-1-32014-09-01 – 2014-12-19Harri LehtimäkiFinnish2014-08-15 – 2014-09-21
4T-LT-1-42014-09-01 – 2014-12-19Harri LehtimäkiFinnish2014-08-15 – 2014-09-21
5T-LT-1-12015-09-01 – 2015-12-18Harri LehtimäkiFinnish2015-08-14 – 2015-09-20
6T-LT-1-22015-09-01 – 2015-12-18Harri LehtimäkiFinnish2015-08-14 – 2015-09-20
7T-LT-1-32015-09-01 – 2015-12-18Harri LehtimäkiFinnish2015-08-14 – 2015-09-20
8T-LT-1-42015-09-01 – 2015-12-18Harri LehtimäkiFinnish2015-08-14 – 2015-09-20
9T-LT-1-12016-09-01 – 2016-12-31Harri LehtimäkiFinnish2016-08-22 – 2016-09-19
10T-LT-1-22016-09-01 – 2016-12-31Harri LehtimäkiFinnish2016-08-22 – 2016-09-19
11T-LT-1-32016-09-01 – 2016-12-31Harri LehtimäkiFinnish2016-08-22 – 2016-09-19
12T-LT-1-42016-09-01 – 2016-12-31Harri LehtimäkiFinnish2016-08-22 – 2016-09-19
13T-LT-2VT2017-09-01 – 2017-12-22Harri LehtimäkiFinnish2017-08-21 – 2017-09-18
14T-LT-1-12017-09-01 – 2017-12-22Harri LehtimäkiFinnish2017-08-21 – 2017-09-18
15T-LT-1-22017-09-01 – 2017-12-22Harri LehtimäkiFinnish2017-08-21 – 2017-09-18
16T-LT-1-32017-09-01 – 2017-12-22Harri LehtimäkiFinnish2017-08-21 – 2017-09-18
17T-LT-1-42017-09-01 – 2017-12-22Harri LehtimäkiFinnish2017-08-21 – 2017-09-18
18T-LT-1-12018-08-31 – 2018-12-21Harri LehtimäkiFinnish2018-08-20 – 2018-09-17
19T-LT-1-22018-08-31 – 2018-12-21Harri LehtimäkiFinnish2018-08-20 – 2018-09-17
20T-LT-1-32018-08-31 – 2018-12-21Harri LehtimäkiFinnish2018-08-20 – 2018-09-17
21T-LT-1-42018-08-31 – 2018-12-21Harri LehtimäkiFinnish2018-08-20 – 2018-09-17
22T-LT-2VT2018-08-31 – 2018-12-21Harri LehtimäkiFinnish2018-08-20 – 2018-09-17
23T-LT-1-12019-09-02 – 2019-12-22Harri LehtimäkiFinnish2019-08-19 – 2019-09-09
24T-LT-1-22019-09-02 – 2019-12-22Harri LehtimäkiFinnish2019-08-19 – 2019-09-09
25T-LT-1-32019-09-02 – 2019-12-22Harri LehtimäkiFinnish2019-08-19 – 2019-09-09
26T-LT-1-42019-09-02 – 2019-12-22Harri LehtimäkiFinnish2019-08-19 – 2019-09-09
27T-LT-1V2019-09-02 – 2019-12-22Harri LehtimäkiFinnish2019-08-19 – 2019-09-09
3001LT2020V-1T2020-08-24 – 2020-12-20Harri LehtimäkiFinnish2020-08-17 – 2020-09-11
3002LT2020-1A2020-08-24 – 2020-12-20Harri LehtimäkiFinnish2020-08-17 – 2020-09-11
3003LT2020-1B2020-08-24 – 2020-12-20Harri LehtimäkiFinnish2020-08-17 – 2020-09-11
3004LT2020-1C2020-08-24 – 2020-12-20Harri LehtimäkiFinnish2020-08-17 – 2020-09-11
3005LT2020-1D2020-08-24 – 2020-12-20Harri LehtimäkiFinnish2020-08-17 – 2020-09-11
3006LT2021-1A2021-08-23 – 2021-12-19Harri LehtimäkiFinnish2021-08-01 – 2021-09-06
3007LT2021-1B2021-08-23 – 2021-12-19Harri LehtimäkiFinnish2021-08-01 – 2021-09-06
3008LT2021-1C2021-08-23 – 2021-12-19Harri LehtimäkiFinnish2021-08-01 – 2021-09-06
3009LT2021-1D2021-08-23 – 2021-12-19Harri LehtimäkiFinnish2021-08-01 – 2021-09-06
3010LT2021V-1K2021-08-23 – 2021-12-19Riikka MäkeläFinnish2021-08-01 – 2021-09-06
3011LT2022-1A2022-08-22 – 2022-12-18Harri LehtimäkiFinnish2022-08-01 – 2022-09-06
3012LT2022-1B, LT2022-1C2022-08-22 – 2022-12-18Harri LehtimäkiFinnish2022-08-01 – 2022-09-06
3014LT2022-1D2022-08-22 – 2022-12-18Riikka MäkeläFinnish2022-08-01 – 2022-09-06
3015LT2022-1W2022-08-22 – 2022-12-18Harri LehtimäkiFinnish2022-08-01 – 2022-09-06
3016LT2022V-1T2022-08-22 – 2022-12-18Harri LehtimäkiFinnish2022-08-01 – 2022-09-06
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
3023LT2024-1A2024-08-19 – 2024-12-22Harri LehtimäkiFinnish2024-08-01 – 2024-09-06
3024LT2024-1B, LT2024-1C2024-08-19 – 2024-12-22Harri LehtimäkiFinnish2024-08-01 – 2024-09-06
3026LT2024-1D2024-08-19 – 2024-12-22Riikka MäkeläFinnish2024-08-01 – 2024-09-06
3027LT2024-1O2024-08-19 – 2024-12-22Harri LehtimäkiFinnish2024-08-01 – 2024-09-06
3028LT2024V-1T2024-08-19 – 2024-12-15Harri LehtimäkiFinnish2024-08-01 – 2024-09-06

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

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.

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