Consolidated Financial StatementsLaajuus (3 ECTS)

Objective

On completion of the course the student will be able to eliminate internal transactions, unrealized profits, receivables and liabilities as well as the ownership between the group companies. The student will be able to separate minority interests, eliminate appropriations and record the deferred tax assets and liabilities accordingly. The student will be able to combine associated companies into the consolidated accounts.

Content

- internal transactions and balances
- unrealized profits
- internal ownership
- minority interests
- appropriations
- deferred tax assets and liabilities
- associated companies

Qualifications

Financial Accounting and Closing of the Accounts

Assessment criteria, satisfactory (1)

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

Students have achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Students are able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts and models. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in leisure, study and work situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.