KATLITO1 Introduction to Accounting and Financial Management, 5 ECTS

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Curricula Guides 2018–2019

Archived Curricula Guide 2017–2019

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▪ Curricula Guides » Faculty of Management 2017–2019 » Basic Business Studies (online)

KATLITO1 Introduction to Accounting and Financial Management 5 ECTS

Organised by

Degree Programme in Business Studies
Accounting and Finance

Person in charge

Teemu Malmi & Seppo Ikäheimo (teemu.malmi(a)aalto.fi, seppo.ikaheimo(a)aalto.fi)

Belongs to following study modules

Teaching

Learning outcomes

After completing the course, the student will be able to:
- identify the role of accounting in organizations and society
- know the content and structure of financial statements and the purposes statements can be used for
- read financial statements and to calculate and interpret key financial ratios
- understand the key role of accounting systems in providing information for decision-making within organizations and how this information can be used to manage both the organization and the behavior of individuals within the organization
- evaluate and assess the financial profitability of products, services, customers, and investments and make sound business decisions based on this information
- identify the role of corporate governance in organizations and society
- use basic functions of excel

The concept of accounting and its meaning in firms and society
The content and differences of management and financial accounting.
The course covers the following themes in the area of financial accounting:
- The goals, contents and structure of statements; central accounting principles, basics of bookkeeping
- Balance sheet, Income statement, Cash flow statement and their connections
- International Financial Reporting Standards (IFRS), principles of group accounts
- Connections between Income statement and taxation
- Financial statement analysis
Management accounting:
- Accounting for strategic management; Implementing strategy, scorecards
- Management of a profit center organization (including Economic Value Added and WACC)
- Budgeting and Budgetary system
- Cost accounting tasks and cost concepts, product, service and customer profitability
- Ad hoc calculations, cost-volume-profit analysis and pricing
- Estimating the profitability of investments
- Key concepts of corporate governance

Teaching language

Finnish

Modes of study

Option 1

Available for:

Degree Programme Students
Other Students
Open University Students
Doctoral Students
Exchange Students

Written exam

In Finnish

Exercise(s)

In Finnish

Participation in course work

In Finnish

Academic year 2017-2018: Each theme contains an anchoring assignment that is intended to awaken the student?s interest in the topic. Anchoring assignments are individual assignments. After going through the actual contents of the theme, the student will perform some applied assignments. At the end of the course, there will be a few of more extensive assignments that are performed as group work.

Academic year 2018-2019-Most of the themes contain short introductory videos, readings material and exercises. Some of the themes include assignments that are evaluated.