Group Accounting and IFRS
| Structure Type: | Study unit |
|---|---|
| Code: | TLS3210 |
| Type: | Compulsory |
| Curriculum: | LT 2017 / 2018 / 2018V / 2019 / 2020 / 2020V / 2021 / 2022 / 2022V / 2023 / 2024 / 2024V |
| Level: | Bachelor of Business Administration |
| Year of Study: | 2 (2018-2019 / 2019-2020 / 2020-2021 / 2021-2022 / 2022-2023 / 2023-2024 / 2024-2025 / 2025-2026) |
| Credits: | 3 cr |
| Responsible Teacher: | Lehtimäki, Harri |
| Language of Instruction: | Finnish |
Courses
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 1 | T-LT-2T | 2019-01-07 – 2019-05-26 | Harri Lehtimäki | Finnish | 2018-12-10 – 2019-01-14 |
| 2 | T-LT-2T | 2019-09-02 – 2019-12-22 | Harri Lehtimäki | Finnish | 2019-08-19 – 2019-09-09 |
| 3 | T-LT-2VT | 2020-01-06 – 2020-05-24 | Harri Lehtimäki | Finnish | 2019-12-16 – 2020-01-14 |
| 3001 | LT2019-2T | 2021-01-04 – 2021-05-02 | Harri Lehtimäki | Finnish | 2020-08-17 – 2021-01-10 |
| 3002 | LT2020-2T | 2022-01-03 – 2022-05-01 | Harri Lehtimäki | Finnish | 2021-12-01 – 2022-01-10 |
| 3003 | LT2020V-2T | 2022-01-03 – 2022-05-01 | Harri Lehtimäki | Finnish | 2021-12-01 – 2022-01-10 |
| 3004 | LT2021-2T | 2023-01-02 – 2023-02-26 | Harri Lehtimäki | Finnish | 2022-12-01 – 2023-01-10 |
| 3005 | LT2022-2T | 2024-01-08 – 2024-02-25 | Harri Lehtimäki | Finnish | 2023-12-01 – 2024-01-12 |
| 3006 | LT2022V-2T | 2024-01-08 – 2024-05-12 | Harri Lehtimäki | Finnish | 2023-12-01 – 2024-01-12 |
| 3007 | LT2023-2T | 2025-01-06 – 2025-03-02 | Harri Lehtimäki | Finnish | 2024-12-01 – 2025-01-12 |
The descriptions shown below are for the academic year: 2025-2026
Learning Outcomes
After completing the course
* you know the corporate structure of the company
* you master the technique of preparing consolidated financial statements
* you know how to eliminate business transactions within the group
* you know how to separate the group's minority share
* you know how to handle associated companies in the consolidated financial statements
* you know how to prepare a consolidated financial statement and know its content
* you know how to prepare consolidated financial statements with the Navita business model software
* you know the core points of IFRS accounting practice
Student's Workload
1 ECTS = 27h of work, so 3 ECTS = 81h is distributed in the Study Course as follows:
• Contact lessons and exercises approx. 19 hours
• Independent study approx. 57 hours
• Navita business model exercises approx. 2 hours
• Exam approx. 3 hours
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.
Contents
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.
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.
Internationality
International companies make their financial statement according to IFRS model. The consolidated financial statements of companies contains companies operating in different countries. The course focuses on the practise of Internationally operating companies.
Recommended or Required Reading and Other Learning Resources/Tools
Alhola, Kari & Koivikko, Aarne & Räty, Päivi. Konsernitilinpäätös ja IAS. Vantaa. WSOY.
Handouts
Mode of Delivery / Planned Learning Activities and Teaching Methods
Contact lessons, exercises, self-reliant studying, exercises with Navita-business model-applications.
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
The grade is formed based on the exam grade. In addition, the exercises with the Navita business model program must be completed. Assessment on scale 0-5.