Financial Statement and AuditingLaajuus (5 cr)

Course unit code: LD00EH44

General information

Credits: 5 cr

Objective

Upon completion of the course students will recognize the bookkeeping idiosyncrasies of a limited company, a housing cooperative and a society.
The student will be able to apply good auditing practices and auditing standards in practice. The student will be aware of the importance of internal control and risk management and have an overall view of a company’s control environment.

Content

- Bookkeeping idiosyncrasies of a limited company, a housing cooperative and a society
- Auditing standards and good auditing practices
- Internal control

Qualifications

Financial Statement Analysis or equivalent competences

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student 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)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her 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)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.