•   IFRS and Consolidated Financial Statements ACC8LH102-3008 24.10.2022-16.12.2022  5   (LHIPAVV, ...) +-
    Learning objectives
    In this module, student will learn the basics of IFRS (International Financial Reporting Standards), knowledge of interpreting IFRS complied financial statements and skills to prepare consolidated financial statements prepared by international businesses.

    The module is given in English, you will learn the needed basic accounting terminology used in international accounting and IFRS during the course.
    Starting level and linkage with other courses
    Tuloksen tekijä, Yrityksen talouden hallinta ja Tilinpäätös ja yritystoiminnan verotus. Optionally student has gained knowledge of advanced accounting and on how to prepare financial statements according to some other regulation (for ex Finnish accounting standards).
    Contents
    The IFRS standards part of the course will introduce student to the content of international financial statements and give skills to interpret the information on those reports. During the course, the student becomes familiar with the most common standards and learns how to interpret and apply a standard with related business transaction.

    Student will learn basic concepts and principles relating to consolidation of group companies. Student learns how to prepare consolidated financial statements according to IFRS standards for a small group.
    Assessment criteria
    Assessment criteria - grade 1
    Student:
    - knows what is meant by consolidated financial statements and IFRS financial statements
    - is capable to prepare basic eliminations in consolidated accounts
    - is familiar with some IFRS standards and their contents
    Assessment criteria - grade 3
    Student
    - is capable to prepare consolidated financial statements of a small group
    - is familiar with transfer pricing and what it means from group accounting and consolidated financial statements perspective
    - is capable of finding a business transaction related IRFS standard and is capable to interpret it ensuring accounting complience
    Assessment criteria - grade 5
    Student
    - is capable to prepare consolidated financial statements of a small group including some associated and not fully owned subsidiaries.
    - is familiar with most common IFRS standards and by using interpretations
    - is capable to conclude correct accounting treatment for business transactions ensuring the accounting complies with IFRS.
    Teaching language

    English

    Timing

    24.10.2022 - 16.12.2022

    Enrollment

    13.06.2022 - 21.10.2022

    Groups
    • LHIPAVV
    • EVENING
    • VIRTUAL
    • LHIMAVV
    Teachers

    Heli Kortesalmi

    Seats

    15 - 40

    Degree Programme

    HELI Liiketalouden koulutusohjelma

    R&D proportion

    0.00 cr

    Virtual proportion

    5.00 cr

    Evaluation scale

    H-5