Consolidated Financial Statements and International Accounting Standards IFRS (5 cr)
Code: LD00EH45-3001
General information
Enrollment
02.05.2022 - 14.08.2022
Timing
29.08.2022 - 18.12.2022
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
School of Business
Campus
Leiritie 1
Teaching languages
- Finnish
Seats
20 - 35
Degree programmes
- Economics and Business Administration
Teachers
- Leena Aalto
Teacher in charge
Anne Perkiö
Groups
-
LITO_VVVapaastivalittavat, liiketalous
-
LXD20S1Liiketalouden tutkinto-ohjelma päivä
Objective
Upon completion of the course students will be familiar with the essential elements of consolidated financial statements. The student will be able to eliminate the margins of internal transactions and mutual ownership. The student will be able to recognize minority interests. The student will be able to combine affiliated companies. The student will be familiar with the essential principles of IFRS financial statements and understand the differences between an IFRS statement and Finnish financial statement practices
Content
- Consolidated financial statement
- IFRS statement
Location and time
Autumn 2022
Lectures on Thursdays at 11-14
Materials
Material at Oma
Tomperi: Kehittyvä kirjanpitotaito, Oy Edita Ab, 2021
Tomperi: Kehittyvä kirjanpitotaito - Harjoituskirja, Oy Edita Ab, 2021
Virpi Haaramo, Sirkku Palmuaro ja Elina Peill: IFRS-raportointi (päivittyvä julkaisu). Alma Talent. https://verkkokirjahylly.almatalent.fi/teos/EAGBGXCTDG#kohta:IFRS-RAPORTOINTI/piste:tNT
Teaching methods
Activating lectures
Guided exercises
Learning tasks
Exam
Exam schedules
Exam on week 44
1st re-exam on December 2022
2nd re-exam on January 2023
Evaluation scale
0-5
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.
Assessment criteria, approved/failed
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 methods and criteria
Group accounting exam 40 %
Group accounting tasks 20 %
IFRS report 30 %
IFRS tasks 10 %
Total 100 %
To complete the course students must pass all required tasks and exams (at least with 50% of maximum points).
Learning tasks are returned to Oma. The students will need at least taskbook to complete learning tasks. Points from learning tasks are gained by completing and turning in the task in time.
Grading the course
5 total points 90-100%
4 total points 80-89%
3 total points 70-79%
2 total points 60-69%
1 total points 50-49%
There is no compulsory attendance in the lessons.
The student's completed other task, activity during the course, attendance during the lessons and/or given course feedback can be taken into account as a factor that increases the grade.
Prerequisites
Financial Statement Analysis or equivalent competences