Special Issues in Financial Accounting (5 cr)
Code: 3H00DP29-3005
General information
Enrolment period
13.09.2023 - 11.10.2023
Timing
23.10.2023 - 31.12.2023
Credits
5 op
Mode of delivery
Contact teaching
Unit
Business Administration
Campus
TAMK Main Campus
Teaching languages
- Finnish
Degree programmes
- Degree Programme in Business Administration
Teachers
- Arja Reinvall
Person in charge
Arja Reinvall
Groups
-
21LIKOT
Objectives (course unit)
The course deepens the students’ skills in financial accounting and familiarizes them with IFRS and consolidated financial statements.
After completing the course the students
- know the content of the Finnish accounting act and decree and can apply the sound accounting procedure
- are able to formulate and report separate and consolidate financial statements according to the Finnish accounting act
- know the key principles of IFRS
- have mastered the key principles of the Finnish Limited Liability Companies Act concerning limited companies.
Content (course unit)
What does sound accounting procedure mean?
How are the Finnish accounting act and decree interpreted in practice?
How are consolidated financial statements formulated?
How are financial statements reported to interest groups?
How is IFRS different from FAS?
What does the law require from limited companies?
Assessment criteria, satisfactory (1-2) (course unit)
The student knows the most important concepts of Finnish accounting act and decree and can apply the sound accounting procedure. They can somewhat use this knowledge in bookkeeping and closing the books. The student knows the principles of consolidated financial statements and IFRS but is not able to apply this knowledge in practical situations.
Assessment criteria, good (3-4) (course unit)
The student knows the Finnish accounting act and decree and can apply the sound accounting procedure. They can put this knowledge into practice in bookkeeping and closing the books. The student knows the principles of consolidated financial statements and IFRS and is also able to somewhat apply this knowledge in different situations.
Assessment criteria, excellent (5) (course unit)
The student has mastered the Finnish accounting act and decree and can apply the sound accounting procedure. They are able to put this knowledge into practice in bookkeeping and closing the books. The students knows the principles of consolidated financial statements and IFRS and is also able to combine information from different sources into a complete entity.
Assessment scale
0-5