Financial Accounting and Analysis (5 cr)

Objective

The course will provide an introduction to financial accounting and the preparation of financial statements. Students will be acquainted with financial analysis, its techniques and usage in evaluating companies´ financial performance and position

Content

The role of financial accounting, and usage of financial statement.
The accounting cycle and double-entry bookkeeping.
Entries, adjustments and the preparation of financial statements.
Financial analysis and the use of ratios and other techniques to interpret business performance from financial statements.

Location and time

22.1.-14.5.2025
TAITO1 building in Kajaani Campus
Check out your schedule the precise classroom and time

Materials

Material provided by teacher (in Reppu)
Literature and other material appointed in the beginning of the course
KAMK Finna (library)
Financial statements of listed companies

Teaching methods

Teaching
Independent studying
- assignments
- projects
- e-learning
Team work
Netvisor Accounting and Financial Management Software

Exam schedules

Exam 1 26.3.2025 according to schedule
Exam 2 14.5.2025 " "

Completion alternatives

To be agreed separately on a case-by-case basis

Student workload

Classroom work 45 h
Independent studying 90 h

Content scheduling

Course contents:
The role of financial accounting
The utilization of financial statement
The accounting cycle and double-entry bookkeeping
Entries, adjustments and the preparation of financial statement
Financial analysis and interpreting business performance

Evaluation scale

0 - 5

Assessment criteria, excellent (5)

Excellent (5): The students are proficient in the basic principles of bookkeeping and financial statements. They are able to draw conclusions about a company's financial situation using key figures based on information in the financial statement. The students are able to use bookkeeping techniques and models independently in their work and can assess them critically while working to develop the work of their team/group and to create team spirit.

Assessment criteria, good (3)

Good (3-4): The students are proficient in the basic principles of bookkeeping and financial statements. They are able to interpret key figures based on financial statements. The students use bookkeeping techniques and models independently in their work and engage in activity to achieve common goals in groups and teams.

Assessment criteria, satisfactory (1)

Assessment (1-2): The students are able to recognize the importance of bookkeeping and financial statements in corporate financial monitoring. They are able to calculate key figures for financial statements. The students use bookkeeping techniques and models under supervision and are able to work in groups.

Assessment methods and criteria

Assessment methods
1. exam 1/3 (33 %)
2. exam 1/3 (33 %)
Team assignments 1/3 (33 %)

Prerequisites

Introduction to Business Operations.