Business Accounting (5 cr)

Objective

Upon completion of the course students will be able to apply the basic principles of accounting and prepare a small company’s income statement and balance sheet. The student will be able to interpret information contained in a financial statement. The student will be able to create a budget for a company for business planning and make profitability calculations.

Content

- Bookkeeping and the general principles of accounting
- Preparing and interpreting income statements and balance sheets
- Common key figures
- Budgeting
- Profitability calculations

Location and time

Spring 2025

Materials

Jormakka-Koivusalo-Lappalainen-Niskanen: Laskentatoimi, uusin painos
Excercises and material at Moodle

Teaching methods

Activating lectures
Guided exercises
Learning tasks
Exams

Exam schedules

Two exams
Exam 1 in March 2025
Exam 2 in April 2025

Re-exams:
Exam 1 first re-exam in April 2025
Exam 1 second re-exam in May 2025

Exam 2 first re-exam in May 2025
Exam 2 second re-exam in June 2025

Student workload

Contact lessons approximately 40 hours
Exercises and independent studying approximately 95 hours
Total 135 hours

Further information

The course is implemented as contact teaching.

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

Exam 1 30 %
Exam 2 30 %
Group work 20 %
Learning tasks 10 %
Application task 5 %
Attendance 5 %
Total 100 %

There are two exams, one covering financial accounting and the other one covering management accounting.

The students will need textbook to complete learning tasks. Points from learning tasks are gained by completing and turning in the task in time.


Grading the course

5 weighted total points 90-100%
4 weighted total points 80-89%
3 weighted total points 70-79%
2 weighted total points 60-69%
1 weighted total points 50-59%
0 less than 50 % of weighted total points

The student's completed other task, activity during the course and/or given course feedback can be taken into account as a factor that increases the grade.