Principles of Accounting and FinanceLaajuus (5 cr)

Learning objectives

After having completed this course or attained an equivalent competence level, the student is able to:
- record business transactions by applying double-entry bookkeeping technique
- prepare basic financial statements by applying generally accepted accounting practices
- justify the importance of planning and forecasting process for an organization
- prepare different sub-budgets and financial plans for a company
- recognize capital market actors and liaise with them
- identify and assess different options for companies to finance their operations and projects
- recognize the need for working capital in a company
- identify ethical and responsible aspects of a finance profession

Contents

- accounting equation
- double-entry bookkeeping
- financial closing and statements
- principles of budgeting
- financing options
- working capital
- finance as a profession

Starting level and linkage with other courses

The course belongs to BBA Key Competencies.
Prior to this course the student should have completed following HH key competence course or gained similar knowledge and skills:
ECO001HH1AE

Implementation methods, demonstration and Work&Study

Contact, blended, virtual

If you have acquired the required learning outcomes, you can show your competences with a demonstration. If you have any questions, please contact the responsible teacher. More information and instructions regarding the recognition of learning: https://www.haaga-helia.fi/en/recognition-learning

Assessment criteria - grade 1

When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.

Student can identify
- basic double-entry accounting technique and its linkages to the simple financial statements
- some budgeting principles in a small company
- some sources of finance and capital market operators
- concept of working capital

Assessment criteria - grade 3

Student can apply
- double-entry technique in a simple business environment
- basic accounting principles in preparing financial statements
- some budgeting and financial planning methods for a company
- sources of finance suitable for a small company and recognize various capital market operators
- concept of working capital

Assessment criteria - grade 5

Student can analyze and interpret
- financial information produced in accounting and recognizes the information flows from business transactions to financial statements
- basic accounting principles in preparing financial statements
- various budgets and plans and understand their importance in the decision making process
- sources of finance for a company
- various capital market operators offering financing
- working capital requirements of a company

Learning materials

Arkima, A., Davies, T., Crawfod, I., Braun, K. W., Tietz, W., M., Atrill, P., & McLaney, E. (2023). Principles of accounting and finance. Pearson.

Other materials provided in Moodle.