Study Guide

Objective

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

Content

-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

Location and time

Autumn 2025, Vasa

Materials

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

Teaching methods

Lectures
Exercises
Guest lecture

Employer connections

Guest lectures

Exam schedules

Official re-examination dates 25/26.

Exam 1:
Fri 21.11.2025 kl. 12-13.30
Fri 12.12.2025 kl. 12-13.30
Exam 2:
Fri 16.1.2026 kl. 12-13.30
Fri 6.2.2026 kl. 12-13.30

Completion alternatives

Two exams (30%+30% = 60%)
Exercises & Assignments (30%)
Guest Lecture in the Municipal Sector + Submission (10%)

Student workload

60 h education with lectures, exercises and exams
10 h preparations for contact hours
30 h assignments
35 h preparations for exams
In total 135h

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

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)

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.

Assessment methods and criteria

Assessment is based on exam and assignments.

Assessment criteria, fail (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.

Qualifications

Basics of Financial Accounting