Financial Accounting - Opinto-opas

After having completed this course or attained an equivalent competence level, the student:
- is able to apply generally accepted accounting principles
- is able to recognize and interpret the effects of business transactions into income statement and balance sheet
- is able to prepare accounting for a small firm by using accounting software
- is able to analyze profitability and financial position of a company based on the accounting reports
- is able to comply with value added tax rules and procedures
- recognizes the career options and future roles of an accountant in a global environment
- operates ethically, responsibly and sustainably in ones role

Following BBA key and common competence courses should be completed or similar knowledge and skills gained prior to this course:

ECO001HH1AE
ECO002TR1AE

- daily accounting process
- month end reporting
- principles of value added tax processes; VAT liable sales and deductible purchases
- basics of cross-border VAT
- most common period end adjustments
- accounting software
- roles and principles in accounting profession and career insights

Student
- is able to recognize some business transactions
- is able to record some business transactions by using accounting software
- recognizes basic value added tax rules and processes of a company

Student
- is able to prepare accounting based on the business transactions for a company
- is able to record the basic period end adjustments
- is able to use accounting software for preparing the accounts for a company
- is able to apply value added tax (VAT) rules in the daily accounting and know the main filing process of VAT
- is able to apply basic cross-border VAT rules
- is able to understand the information flows from daily accounting to accounting reports

In addition to prior level assessment criteria, student
- is able to manage period end adjustment process
- is able to verify the correctness of accounting information by thorough analysis of the monthly reporting
- is able to justify the importance of accounting information and understand its role for business development

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.

Contact classes as per course schedule - more detailed schedule on Moodle
Active participation recommended

Course e-book: Harrison, W. T., Thomas, C. W., Tietz, W. M. & Suwardy, T. (2023). Financial accounting: International financial reporting standards (12th edition, global edition.). Pearson. Chapters 1-7.?
Accounting Act and Decree?
Applicable tax laws?available

Study materials, exercises, assignments and Procountor instructions available on course Moodle

Pasila Campus

Course exam in the end of the course in the electronic exam room.
Course assignments during the course.
Procountor assignments by the end of the course.
Two retake opportunities in the electronic exam room.

English

Course has international aspect embedded into course contents

13.01.2025 - 14.03.2025

5-7 course assignments (10% of course grade) 2 Procountor assignments (30% of course grade)

02.01.2025 - 10.01.2025

Contact classes as per course schedule - more detailed schedule on Moodle

EVENING
CONTACT
BLENDED
EXCH
IBEB4PAACC

RPL and Work study available
RPL enrolment: contact the course teacher

Leena Mekkonen-Leppänen, Nina Wildeboer

15 - 50

Course assignments 10%
Course exam 60%,
Procountor assignments 30%

INTBBA International Business

0.00 cr

H-5