•   Financial Accounting in Different Forms of Companies and Organizations FEK22VEB01-3005 07.01.2025-16.03.2025  5 credits  (ÖH23FEK-FLEX) +-
    Competence objectives of the study unit
    Student
    -knows the different business forms and can explain them from an accounting point of view
    -can take care of the financial accounting for private traders, partnerships, limited liability companies, non-profit organizations and other business structures.
    -can carry out transactions regarding a certain corporate form, e.g. share issues, dividends, liquidation
    -knows the procedure when changing the business structure
    -knows the difference between accounting in private and public sector
    -knows the importance of accounting for sustainability and corporate social responsibility
    Prerequisites
    Basics of Financial Accounting
    Content of the study unit
    -accruals
    -issues of equity, dividends, funds
    -period end closing in different company forms and organizations
    -financial management in public sector
    -IT solutions for book-keeping in different company forms
    -Human Resource-accounting, social accounting and environmental accounting
    Assessment criteria
    Failed (0)
    The criteria for grade 1-2 are not met.
    Assessment criteria – satisfactory (1-2)
    Students can distinguish between different types of company forms and understand similarities and differences in accounting and financial statements between them.
    Students understand the meaning of accruals and can prepare simpler financial statements for smaller companies in Finland.
    Students are familiar with the procedure of changing company form.
    Students are familiar about HR accounting, social accounting and environmental accounting.
    Assessment criteria – good (3-4)
    Students can handle accounting and prepare financial statements for sole proprietors, partnerships, limited liability companies, cooperatives, non-profit organizations and other business forms. They should also be familiar with the characteristics that characterize public financial management.
    Students can perform simpler accruals and the financial planning for different company forms with the application of current Finnish legislation.
    Students can describe the procedure for changing company form both from an administrative and business perspective.
    Students can describe what HR accounting, social accounting and environmental accounting is about.
    Assessment criteria – excellent (5)
    Students can independently handle accounting and prepare financial statements for sole proprietors, partnerships, limited liability companies, cooperatives, non-profit organizations and other business forms. They should also be very familiar with the characteristics that characterize public financial management.
    Students can independently perform accruals and the financial planning for different company forms with the application of current Finnish legislation.
    Students can carry out a change of company form and argue for when the various company forms are suitable from an administrative and business perspective.
    Students can implement parts from HR accounting, social accounting and environmental accounting in the financial reports of a company / organization.
    Name of lecturer(s)

    Cilla Salo

    Learning material

    Tomperi, Soile: Bokföring i praktiken nyaste versionen, chapter 8 + training book
    Bokslutsmodell för aktiebolag, CGR-föreningen, 2016, Chapter 1 (not 1.4), 2 and 5.
    Part of Kommunekonomin - Nyckeln till ekonomisk planering.
    Kommunförbundets senaste version

    Learning methods

    Lectures
    Exercises
    Assignments
    Online Guest speaker

    Objects, timing and methods of assessment

    Assessment is based on exam and assignments.

    Teaching language

    Swedish

    Timing

    07.01.2025 - 16.03.2025

    Enrollment date range

    02.12.2024 - 07.01.2025

    Group(s)
    • ÖH23FEK-FLEX
    Responsible unit

    Faculty of Business

    Teachers and responsibilities

    Cilla Salo

    Degree Programme(s)

    Degree Programme in Business Administration

    RDI share

    0.00 credits

    Share of online studies

    0.00 credits

    Assessment scale

    H-5

    Alternative methods of attainment for implementation

    Two exams 60%
    Exercises & Assignments (40%)

    Practical training and working life co-operation

    Guest lectures

    Exam dates and retake possibilities

    As agreed with the students at the beginning of the course.
    or/and official re-examination dates 2025 on Campus.

    Timing and attendance

    Spring 2025, Online

    Student's schedule and workload

    135 h = 5 sp
    30-40 h online education with lectures, exercises and exams
    30-40 h preparations
    30 h assignments
    35 h preparations for exams

    Assessment criteria
    Failed (0)

    The criteria for grade 1-2 are not met.

    Assessment criteria – satisfactory (1-2)

    Students can distinguish between different types of company forms and understand similarities and differences in accounting and financial statements between them.
    Students understand the meaning of accruals and can prepare simpler financial statements for smaller companies in Finland.
    Students are familiar with the procedure of changing company form.

    Assessment criteria – good (3-4)

    Students can handle accounting and prepare financial statements for sole proprietors, partnerships, limited liability companies, cooperatives, non-profit organizations, and other business forms. They should also be familiar with the characteristics that characterize public financial management.
    Students can perform simpler accruals and the financial planning for different company forms with the application of current Finnish legislation.
    Students can describe the procedure for changing company form both from an administrative and business perspective.

    Assessment criteria – excellent (5)

    Students can independently handle accounting and prepare financial statements for sole proprietors, partnerships, limited liability companies, cooperatives, non-profit organizations, and other business forms. They should also be very familiar with the characteristics that characterize public financial management.
    Students can independently perform accruals and the financial planning for different company forms with the application of current Finnish legislation.
    Students can carry out a change of company form and argue for when the various company forms are suitable from an administrative and business perspective.