•   Principles of Accounting and Finance ECO002TR1AE-3028 19.08.2024-11.10.2024  5   (ABEV3PCAVI, ...) +-
    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
    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
    Contents
    - accounting equation
    - double-entry bookkeeping
    - financial closing and statements
    - principles of budgeting
    - financing options
    - working capital
    - finance as a profession
    Assessment criteria
    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

    Teaching methods and instruction

    This course covers the basics of double-entry accounting, budgeting and finance.

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

    Learning material and recommended literature

    The study material is provided in Moodle under each section.

    There are Video tutorials, PowerPoint materials and excel workbooks for study.

    There is a main course ebook, covering most course topics (a collection from various Pearson accounting books). The ebook is available at HH library, you ll need your HH credentials to access it.

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

    Working life connections

    This course provides the basic foundations of accounting and finance, something that is fundamental to understanding how businesses record, process and generate information for decision-making. The contents provide a variety of topics from basic accounting equations, double entry bookkeeping, and also budgeting and principles of finances, all topics that are most relevant in today's changing business environment. The materials, quizzes and workbooks will enable you to have a practical approach to this topic and gain practical knowledge to apply in your professional career, no matter what specialization you follow.

    Campus

    Porvoo Campus

    Exam dates and re-exam possibilities

    Suggested dates of completion for exam 1: 15.9.2024
    Suggested dates of completion for exam 2: 11.10.2024

    Only the exams are graded. To pass the course both course exams must be passed (40% minimum).

    The exams can be taken 3 times.

    Teaching language

    English

    Internationality

    The study material and examples contain a variety of international business examples

    Timing

    19.08.2024 - 11.10.2024

    Learning assignments

    The course contains several quizzes which are compulsory to unlock the exams. There are 3 quizzes for the Accounting section and 4 quizzes for the Budgeting and Finance sections. The Quizzes require 60% correct to pass. There are also 7 excel workbooks for students to practise and learn the concepts by doing. Only the exams are graded. To pass the course both course exams must be passed (40% minimum).

    Enrollment

    03.06.2024 - 16.08.2024

    Content scheduling

    This course starts from 19.8.2024 until 11.10.2024. It is a virtual self-paced course.

    Groups
    • ABEV3PCAVI
    • VIRTUAL
    • INSTRUCTED
    Alternative learning methods

    The topics we cover are general accounting topics which can be studied from different alternative sources. RPL and Work study available.
    For RPL, contact the teacher.

    Teachers

    Juan Borra, Leena Mekkonen-Leppänen

    Seats

    15 - 100

    Further information

    Only the exams are graded. To pass the course both course exams must be passed (40% minimum).
    The course contains several quizzes which are compulsory to unlock the exams.
    There are 3 quizzes for the Accounting section and 4 quizzes for the Budgeting and Finance sections.
    The Quizzes require 60% correct to pass.

    Degree Programme

    AVIBBA Aviation Business

    R&D proportion

    0.00 cr

    Virtual proportion

    5.00 cr

    Evaluation scale

    H-5