Basics of Financial and Management AccountingLaajuus (5 cr)

Objectives

Type of course
Compulsory

Level of course
Professional studies

Objective of course
C702D-7 Evaluation methods will be set in the beginning of the course

Prerequisites
No prerequisites

Required/Recommended reading
Will be agreed on in the beginning of the course

Name of lecturer(s)
C702D-7 Riitta Lampén

Year of study
First year

Semester/Period
Spring

Language of instruction
English

Content

Type of course
Compulsory

Level of course
Professional studies

Objective of course
C702A-7
The student masters the basic calculation methods of business mathematics and their most important applications and develops his/her mathematic skills.
C702B-7
Students learn the possibilities of internet, marketing and e-business in the area of tourism.
C702C-7
Students develop a positive attitude towards entrepreneurship. They learn the fundamentals of establishing an enterprise. Students know the work related service relationships, labour laws, and labour contracts. They are aware of labour market organizations. Students know recruitement services in Finland and abroad.
C702D-7
Students get familiar with the basics of both financial accounting and management accounting. They understand the role of bookkeeping and can manage the yearly bookkeeping process and closing of the accounts. Students will also get a concept of the information needed in the management accounting as well as how it can be utilized in the management process.

Course contents
C702A-7
Basics of percentage and interest calculations and their commercial applications, use of indices in business, proportional division and currency calculations.
C702B-7
e-business in area of tourism
C702C-7
- Entrepreneurship in a changing society
- Internal entrepreneuship
- Enterprise as part of the national economy
- Basic information and plans for starting up an enterprise, forms of enterprises
- Labour contracts in social and health care
- Labour market organization and its role and negotiation procedures
- Issues concerning job applications and unionisation
C702D-7
- main concepts of financial accounting
- books and registration rules
- registration
- closing of the books, financial statements
- main concepts of management accounting
- target, alternative and control calculations
- key profitability ratios and their application in decision-making

Teaching methods
C702A-7 Lectures, exercises, examination
C702B-7 Exercises, lectures, virtual
C702C-7 Lectures, discussions, assignment
C702D-7 Lectures, assignments, examination

Assessment methods
C702A-7 Teacher´s assessment, peer review and self-evaluation of the exercises and examination
C702B-7 -
C702C-7 Written, graded examination / assignment
C702D-7 Evaluation methods will be set in the beginning of the course

Prerequisites
No prerequisites

Required/Recommended reading
C702A-7 and C702B-7, C702D-7
Will be agreed on in the beginning of the course

Name of lecturer(s)
C702A-7 Ilkka Lampila
C702B-7 Jouni Viidanoja
C702C-7 Trevor Twyman
C702D-7 Pia Lamminsivu

Year of study
First year
C702C-7 Third year

Semester/Period
C702C-7 autumn semester

Language of instruction
English

Parts of course
C702A-7 Business mathematics, 2 cr
C702B-7 E-business, 2 cr
C702C-7 Introduction to entrepreneurship, 3 cr
C702D-7 Basics of financial and management accounting, 5 cr