Group Accounting and IFRS
| Structure Type: | Study unit |
|---|---|
| Code: | TLS3210 |
| Type: | Compulsory |
| Curriculum: | LT 2018 / 2018V |
| Level: | Bachelor of Business Administration |
| Year of Study: | 2 (2019-2020) |
| Semester: | Autumn / Spring |
| Credits: | 3 cr |
| Responsible Teacher: | Lehtimäki, Harri |
| Language of Instruction: | Finnish |
Courses During the Academic Year 2019-2020
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Classes | Enrolment |
|---|---|---|---|---|---|---|
| 2 | T-LT-2T | 2019-09-02 – 2019-12-22 | Harri Lehtimäki | Finnish | 33 h | 2019-08-19 – 2019-09-09 |
| 3 | T-LT-2VT | 2020-01-06 – 2020-05-24 | Harri Lehtimäki | Finnish | 15 h | 2019-12-16 – 2020-01-14 |
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.
Student's Workload
Lectures, written exercises and written tests 39 h, preparing fot the written tests 10 h, exercises with Navita-business model-applications/ completed task 10 h, self-reliant studying 20 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.
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.
Recommended or Required Reading and Other Learning Resources/Tools
Alhola, Kari Koivikko, Aarne Räty, Päivi 2003 tai uudempi. Konsernitilinpäätös ja IAS. Vantaa. WSOY.
Handouts
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 test, exercises with Navita-business model-applications and active participation. Assessment on scale 0-5. The final grade forms of the written test in the main. In addition the exercises with Navita-business model-applications must be passed.