Financial AccountingLaajuus (5 cr)
Code: AL00CE36
Credits
5 op
Teaching language
- English
Objective
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Enrollment
06.05.2024 - 30.08.2024
Timing
09.09.2024 - 20.12.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Seats
20 - 50
Degree programmes
- Bachelor's Degree Programme in Tourism and Hospitality Management
Teachers
- Mia Ekman
Scheduling groups
- Luennot (Size: 0. Open UAS: 0.)
- Verkkotentti (Size: 0. Open UAS: 0.)
Groups
-
LLPRHOMA23SBachelor's Degree Programme in Tourism and Hospitality Management 23S Lappeenranta
Small groups
- Lecture
- Online exam
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Lectures
Exercises
Assignments
Online exam
Timing and attendance
Contact lessons 9.9.-8.12.2024. Participation is not mandatory but highly recommended.
Online exam week 50 (9.12.-13.12.2024).
Learning material and recommended literature
Course slides and exercises are provided by the teacher in Moodle.
Working life cooperation
Possibly a visiting lecturer from local business.
Exam retakes
Exam retake possible in week 51. Second exam retake in January 2025.
Learning environment
Course materials are provided in Moodle. Lectures are contact lectures on campus.
Student time use and work load
One ECTS equals 27 hours of study, in total 135 h of student's time.
Contents
Accounting obligation
Double entry bookkeeping
Treatment of stock and fixed assets
Financial statements
Financial ratios
Principles of value-added tax
Additional information for students: previous knowledge etc.
Not required
Assessment criteria
Exam will be evaluated on scale 1 to 5.
Assignments will be evaluated pass/fail.
Course grade is based on the exam results. In addition, assignments have to be completed.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting.
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting.
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements.
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios.
Enrollment
06.05.2024 - 30.08.2024
Timing
02.09.2024 - 22.12.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
20 - 50
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Tatu Saarinen
Scheduling groups
- Luennot / harjoitukset (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB24KBachelor's Degree Programme in International Business 24K Lahti
Small groups
- Lectures / exercises
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Contact lessons 3 h/week
Exercises
Mandatory individual assignments (2)
Two exams
Timing and attendance
Contact lessons 3 h/week. Active (attendance) participation in lessons required. Eighty (80 %) attendance required.
Learning material and recommended literature
Course slides, exercises and other material provided by the teacher at Moodle
Alternative completion methods
The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning
Working life cooperation
Compulsory guest lecture
Exam retakes
Students who have failed will have an opportunity to do re-take the exam at the end of the semester.
Learning environment
Campus
Moodle
Home
Student time use and work load
One ECTS equals 27 hours of study.
Contents
Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios
Additional information for students: previous knowledge etc.
Prior knowledge of the subject is not required
Assessment criteria
Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting at all
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios
Enrollment
20.11.2023 - 12.01.2024
Timing
05.02.2024 - 31.05.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Mia Ekman
Scheduling groups
- Luennot (Size: 0. Open UAS: 0.)
- Tentti (Size: 0. Open UAS: 0.)
Groups
-
LLPRIB23SBachelor's Degree Programme in International Business 23S Lappeenranta
Small groups
- Lectures
- Exam
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Lectures
Exercises
Case study assignment
Two exams
Timing and attendance
Contact lessons, participation highly recommended.
Learning material and recommended literature
Course slides and exercises are provided by the teacher in Moodle.
A case study connected to Economics, International Business Law, and Logistics and Supply Chain Management courses, is used on the course. It is strongly recommended to enroll on all four courses.
Working life cooperation
Visiting lecturer from local business, visitors during International Week (week 7)
Exam retakes
Exam retakes possible in May.
Learning environment
Moodle
Student time use and work load
One ECTS equals 27 hours of study, in total 135 h of student's time.
Contents
Accounting obligation
Double entry bookkeeping
Treatment of stock and fixed assets
Financial statements
Financial ratios
Principles of value-added tax
Additional information for students: previous knowledge etc.
Not required
Assessment criteria
Both exams will be evaluated on scale 1 to 5.
Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass/fail
Course grade is based on the exam results. In addition, case study assignment has to be completed.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting.
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting.
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements.
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios.
Enrollment
20.11.2023 - 05.01.2024
Timing
08.01.2024 - 31.05.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
20 - 90
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Tatu Saarinen
Scheduling groups
- Luennot / Harjoitukset ryhmä 1 (Size: 50. Open UAS: 0.)
- Luennot / Harjoitukset ryhmä 2 (Size: 50. Open UAS: 0.)
- Info 1 (Size: 0. Open UAS: 0.)
- Kertaustunnit (Size: 0. Open UAS: 0.)
- Tentti (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB23SBachelor's Degree Programme in International Business 23S Lahti
Small groups
- Lectures / Exercises Group 1
- Lectures / Exercises Group 2
- First lecture
- Revision for the exam
- Exam
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Contact lessons 3 h/week
Exercises
Mandatory individual assignments (2)
Two exams
Timing and attendance
Contact lessons 3 h/week. Active (attendance) participation in lessons required. Eighty (80 %) attendance required.
Learning material and recommended literature
Course slides, exercises and other material provided by the teacher at Moodle
Alternative completion methods
The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning
Working life cooperation
Compulsory guest lecture
Exam retakes
Students who have failed will have an opportunity to do re-take the exam at the end of the semester.
Learning environment
Campus
Moodle
Home
Student time use and work load
One ECTS equals 27 hours of study.
Contents
Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios
Additional information for students: previous knowledge etc.
Prior knowledge of the subject is not required
Assessment criteria
Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting at all
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios
Enrollment
15.05.2023 - 01.09.2023
Timing
04.09.2023 - 13.12.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Seats
0 - 40
Degree programmes
- Bachelor's Degree Programme in Tourism and Hospitality Management
Teachers
- Mia Ekman
Scheduling groups
- Itsenäinen (Size: 0. Open UAS: 0.)
- Luennot (Size: 0. Open UAS: 0.)
- Tentti (Size: 0. Open UAS: 0.)
- Seminaari (Size: 0. Open UAS: 0.)
- Verkkoluento (Size: 0. Open UAS: 0.)
Groups
-
LLPRHOMA22SBachelor's Degree Programme in Tourism and Hospitality Management 22S Lappeenranta
Small groups
- Independent study
- Lectures
- Exam
- Seminar
- Online lectures
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Assessment scale
1-5
Enrollment
15.05.2023 - 01.09.2023
Timing
04.09.2023 - 15.12.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
0 - 60
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Tatu Saarinen
Scheduling groups
- Luennot / harjoitukset (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB23KBachelor's Degree Programme in International Business 23K Lahti
Small groups
- Lectures / Exercises
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Contact lessons 3 h/week
Exercises
Mandatory individual assignments
Two exams
The course will be conducted as a contact teaching in the campus. Lessons are not recorded and therefore online participation is not possible.
Timing and attendance
Contact lessons 3 h/week, participation highly recommended
Learning material and recommended literature
Course slides, exercises and other material provided by the teacher at Moodle
Alternative completion methods
The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning
Exam retakes
Re-examinations are agreed separately at the end of the course
Learning environment
Campus
Moodle
Home
Student time use and work load
One ECTS equals 27 hours of study.
Contents
Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios
Additional information for students: previous knowledge etc.
Prior knowledge of the subject is not required
Assessment criteria
Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting at all
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios
Enrollment
21.11.2022 - 08.01.2023
Timing
16.01.2023 - 05.05.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Seats
0 - 45
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Mia Ekman
Scheduling groups
- Luennot (Size: 0. Open UAS: 0.)
Groups
-
LLPRIB22SBachelor's Degree Programme in International Business 22S Lappeenranta
Small groups
- Luennot 1
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Assessment scale
1-5
Enrollment
21.11.2022 - 08.01.2023
Timing
09.01.2023 - 26.05.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
0 - 50
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Tatu Saarinen
Scheduling groups
- Lectures / Exercises (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB22SBachelor's Degree Programme in International Business 22S Lahti
Small groups
- Lectures / Exercises
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Contact lessons 3 h/week
Exercises
Mandatory individual assignments
Two exams
Timing and attendance
Contact lessons 3 h/week, participation highly recommended
Learning material and recommended literature
Course slides, exercises and other material provided by the teacher at Moodle
Alternative completion methods
The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning
Exam retakes
Re-examinations are agreed separately at the end of the course
Learning environment
Campus
Moodle
Home
Student time use and work load
One ECTS equals 27 hours of study.
Contents
Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios
Additional information for students: previous knowledge etc.
Prior knowledge of the subject is not required
Assessment criteria
Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting at all
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios
Enrollment
01.07.2022 - 04.09.2022
Timing
01.09.2022 - 31.12.2022
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
0 - 50
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Tatu Saarinen
Scheduling groups
- Luennot (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB22K
Small groups
- Lectures
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Implementation and methods of teaching
Contact lessons 3 h/week
Exercises
Mandatory individual assignments
Two exams
Timing and attendance
Contact lessons 3 h/week, participation highly recommended
Learning material and recommended literature
Course slides, exercises and other material provided by the teacher at Moodle
Alternative completion methods
The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning
Exam retakes
Re-examinations are agreed separately at the end of the course
Learning environment
Campus
Moodle
Home
Student time use and work load
One ECTS equals 27 hours of study.
Contents
Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios
Additional information for students: previous knowledge etc.
Prior knowledge of the subject is not required
Assessment criteria
Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.
Assessment scale
1-5
Failed (0)
The student can not implement accounting rules into practice and shows no understanding of accounting at all
Assessment criteria: level 1 (assessment scale 1–5)
The student can use basic accounting rules and understands the importance of accounting
Assessment criteria: level 3 (assessment scale 1–5)
The student can enter the business transactions correctly into bookkeeping and prepare financial statements
Assessment criteria: level 5 (assessment scale 1–5)
The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios
Enrollment
01.07.2022 - 04.09.2022
Timing
01.08.2022 - 15.12.2022
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Seats
0 - 45
Degree programmes
- Bachelor's Degree Programme in Tourism and Hospitality Management
Teachers
- Riitta Mähönen
Scheduling groups
- Luennot (Size: 0. Open UAS: 0.)
Groups
-
LLPREX22SH
-
LLPRHOMA21S
Small groups
- Luennot 1
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Assessment scale
1-5
Enrollment
19.11.2021 - 09.01.2022
Timing
10.01.2022 - 15.05.2022
Number of ECTS credits allocated
5 op
Virtual portion
1 op
Mode of delivery
80 % Contact teaching, 20 % Distance learning
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
E-campus, Lahti
Teaching languages
- English
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Leea Kouhia
Scheduling groups
- Luennot 1 (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB21S
Small groups
- Luennot 1
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Assessment scale
1-5
Enrollment
19.11.2021 - 09.01.2022
Timing
10.01.2022 - 25.03.2022
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Marianne Viinikainen
- Sirpa Varajärvi
Scheduling groups
- Verkkoluento (Size: 0. Open UAS: 0.)
- Seminaari (Size: 0. Open UAS: 0.)
- Tentti 1 (Size: 0. Open UAS: 0.)
- Itsenäinen 1 (Size: 0. Open UAS: 0.)
Groups
-
LLPRIB21S
Small groups
- Online lectures
- Seminar
- Exam
- Independent learning
Learning outcomes
The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios
Assessment scale
1-5