Business Accounting (5 cr)

Objective

Upon completion of the course, the student is able to comprehend general accounting principles and to construct an income statement and balance sheet. The student is able to interpret financial statements. Analysis of published financial accounts is also featured, such that students will apply standard evaluation techniques employed by accounting and finance professionals in the appraisal of company performance.

Content

Accounting principles;
Understanding the income statement, balance sheet and cash flow statements;
Asset valuation;
Depreciation and other non-cash adjustments;
Interpreting financial statements

Location and time

Classes are held on Wednesdays at 11-14, room MMB348

Materials

Materials will be shared on the course Moodle site.
Link to course book (McLaney, Atrill, Accounting and Finance, an Introduction, 10th or 11th edition): http://ezproxy.metropolia.fi/login?url=https://www.vlebooks.com/vleweb/product/openreader?isbn=9781292435459&id=metropolia&uid=%5Eu

Teaching methods

Contact teaching

Employer connections

Accounting is presented in the context of a business and practical real life cases are solved during the course.

Exam schedules

Exam date will informed later on Moodle. Exam can be retaken twice in the electronic exam room (dates to be informed via Moodle).

International connections

Course topic is highly global as accounting principles are generally accepted in all countries.

Student workload

5 ECTS - equivalent to 135 hours of studying

Content scheduling

part 1 - Introduction to accounting and finance; Accounting principles
part 2 - From business transactions to constructing income statement and balance sheet
part 3 - Valuation of assets and other period end adjustments
part 4 - Analyzing and interpreting financial statements

Further information

Active participation throughout the course is prerequisite to complete the course successfully- accounting knowledge is built on top of the previous learning.

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

scale 0-5
Exam 60%
Individual assignments 20%
Pair assignment 15%
Class activity 5%