Financial Accounting (5 cr)
Code: AL00CE36-3011
General information
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