Financial Statements and Corporate Tax (5 cr)

Evaluation scale

H-5

Schedule

Weekly evening lessons on Mondays.

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

Intro

This course will equip you with skills needed in professional financial accounting role. Main emphasis is on one of the most important process of any company i.e. preparing financial statements and how to verify that they present true and fair view of the company. These statements are commonly published by the companies and provide the only view to company’s financial position and are thus read by many stakeholders. You will also learn how the businesses are taxed for their profits.

Materials

Harrison, W. T., Thomas, C. W., Tietz, W. M. & Suwardy, T. (2024). Financial accounting: International financial reporting standards (12th edition, global edition.). Pearson. Chapters 3, 4, 6, 7, 9.

Accounting Act and Decree (Finland)
Applicable tax laws (Finland)

Other materials informed by the course teacher.

Teaching methods and instruction

This is an EVENING CONTACT implementation.
The lessons contain lectures, examples and exercises mainly in excel. If time allows, Procountor accounting program will be used as well.
Flipped classroom is used for certain sections of the course.The implementation requires independent studies.

Working life connections

Practical examples as much as possible. The material and exercises are according to Finnish GAAP.

Exam dates and re-exam possibilities

Exam will be during the last week of the course in the electronic exam room.
The 1st retake opportunity will be in the electronic exam room within 2-3 weeks after the course.
2nd retake by request.

Exam is 70-80% of the course grade.
Assignments (Excel and/or Procountor) are 20-30% of the course grade.

Completion alternatives

RPL and Work study available.
For RPL, contact the teacher.

Learning assignments

Course contains class exercises in excel with solutions in Moodle.
There will 4-6 assignments in excel and/or Procountor making 20-30% of the course grade.

Assessment methods

Exam (electronic exam room) 70-80%
Excel and/or Procountor assignments 20-30%