Financial AccountingLaajuus (5 cr)

Objectives

This course introduces the key financial accounting fundamentals to new degree students. It also provides them with necessary knowledge of how to evaluate the corporate performance by using performance measures and public financial closing information.

After completing the course, the students will be able to:

Master the key contents and basic logic of financial accounting, from daily business events to ready-made financial closings.

Read and interpret financial closing information, including especially the contents of the income statement and the balance sheet.

Understand the importance and basic principles of cash flow management.

Solve the values of selected external financial performance measures and actively utilize the Internet and Microsoft Office for calculations, problem solving and reporting.

Perform basic-level financial analysis through choosing and using relevant performance measures for the corporate performance evaluations, case by case.

Content

Why is mastering the double-entry accounting system and the financial accounting process essential for a company?
What does an external financial closing include and inform the stakeholders of?
How can the key contents of the balance sheet and the income statement be utilized in decision making?
What are the roles of cash management and cash flow statement in financial control?
Which financial performance measures can be used to evaluate the corporate performance from an external point-of-view?
How can the external performance measurement and evaluation process be performed successfully in different business cases?