Studieguide

Lärandemål

This course aims to strengthen student's understanding of the fundamental concepts, tools, and practices of Financial Accounting. Also, to build student's analytical skills of financial data to support decision making. On successful completion of this unit, students will be in a position to build, read, interpret and analyze financial statements such as the statement of financial position, cash flow statement, and income statement.

Learning objectives(LOs):
LO1: Demonstrate an understanding of Accounting function within a business
LO2: Apply financial accounting technics to build and interpret financial statements
LO3: Analyse and interpret and review financial accounting information.

Innehåll

Hands-on training in analysis of state of incomes, balance sheets and cash flow based on real life cases. Key metrics - an ever growing field of indexes, markers and acronyms and - what do these mean? Profitability analysis and the impact of periodic service and maintenance, claim handling and credit losses affecting financial results. Environmental accounting and sustainability accounting.

Tid och plats

Vaasa campus. W 33 room 305 for onsite lectures and discussions

Studiematerial och rekommenderad litteratur

Course literature:

Main book for the course:
- Accounting and Finance for non-specialists, Atrill & McLaney latest Edition, Prentice Hall.


Additional literature:
- Interpreting company reports and accounts, Geoffrey Andrew Holmes, Alan Sugden, Paul Gee, 10th edition, Pearson.
- Financial accounting and reporting, Barry Elliott, Jamie Elliott, 2015
- Principles of Corporate Finance, Brealy & Myers, 10th Edition, McGraw Hill 2011

Undervisningsmetoder

This course aims to strengthen students understanding about the fundamental concepts, tools
and practices of Financial Accounting. Also, to built students analytical skills of financial data to
support decision making.
On successful completion of this unit, students will be in a position to built, read, interpret and
analyse financial statements such as, the statement of financial position, cash flow statement and
income statement.

Vitsordsskala

H-5

Bedömningskriterier, tillfredsställande-synnerligen tillfredsställande (1-2)

Sufficient (1) and Satisfactory (2)
Participating in the online and contact lessons, returned tasks.

Arviointikriteerit, goda-synnerligen goda (3-4)

Good (3) and Very good (4)
Active participation in the online and in the contact lessons, returned tasks with good outcomes.

Arviointikriteerit, berömliga (5)

Excellent (5)
Very active participation in the online and in the contact lessons, returned tasks with excellent outcomes.

Bedömningskriterier, godkänt/underkänt

Evaluation:
Numerical for PASS from 1 to 5 and
0 for FAIL: No participation in the contact lessons and no participation in the online lessons, no returned tasks.

Bedömningsmetoder (förverkligande) och -kriterier (studieperioder/kurser)

LO1 - Learning objective 1 - Demonstrate an understanding of Accounting function within a business

0 Fail - No submission

1 Incomplete information and poor understanding of financial accounting and management accounting. Poor presentation of financial data.

2 Pass - Explain financial accounting and management accounting. Understand the accounting conventions and the importance of financial information. Satisfactory presentation of financial data.

3-4 Good - Explain financial accounting and management accounting. Understand the accounting conventions and the importance of financial information. Analyse the importance of the accounting function within the organisational. Good presentation of financial data.

5- Excellent - Explain financial accounting and management accounting. Understand the accounting conventions and the importance of financial information. Analyse the importance of the accounting function within the organisational context. Critically evaluate the benefits and limitations of financial accounting and their application within the organisational context. Excellent presentation of financial data.

LO2 Learning objective 2 Apply financial accounting technics to built and interpret financial statements

0 Fail - No submission

1 Incomplete information and poor understanding of the financial statements. Poor presentation of financial data.

2 Explain the use and purpose of the three main financial statements (statement of financial position, income statement and cash flow statement). Satisfactory presentation of financial data.

3-4 Good Explain the use and purpose of the three main financial statements (statement of financial position, income statement and cash flow statement). Analyse the use and purpose of the three main financial statements and their application in evaluating key financial aspects. Good presentation of financial data.

5 Excellent - Explain the use and purpose of the three main financial statements (statement of financial position, income statement and cash flow statement). Analyse the use and purpose of the three main financial statements and their application in evaluating key financial aspects. Critically evaluate the benefits and limitations of the three financial statements and how theses statements can be applied in organisational context. Excellent presentation of financial data.

LO3 - Learning objective 3 - Analyse and interpret and review financial accounting information

0 Fail - No submission

1 Incomplete information and poor understanding of the Financial ratios and KPIs. Poor presentation of financial data.

2 Calculate and explain the main financial indicators and KPIs to used evaluate the financial health of a company. Satisfactory presentation of financial data.

3-4 Good - Calculate and explain the main financial indicators and KPIs used to evaluate the financial health of a company. Analyse the evolution of financial performance of a real company. Good presentation of financial data.

5 Excellent - Calculate and explain the main financial indicators and KPIs used to evaluate the financial health of a company. Analyse the evolution of financial performance of a real company. Analysis and recommendations made show an excellent understanding. Excellent presentation of financial data.

Förkunskapskrav

No prerequisities