The course is included in these curricula and study modules


Professional studies

Teaching language


Type of course


Recommended year of study


Total number of ECTS

5 cr

Competency aims

The objectives of this course are to give an understanding of the basics of financial accounting and financial statement analysis.

Learning outcomes

After completing the course students should understand the financial accounting cycle and, be able to draw up a simple income statement, balance sheet and a cash flow statement, as well as analyse and interpret accounting data.

Course contents

The Mechanics of Double-Entry Accounting
The Accounting Cycle. The Income Statement. The Balance Sheet. The Cash Flow Statement.
Accounting for International Operations
Financial Statement Analysis

Prerequisites and co-requisites


Previous course names


Additional information

Will be given in class

Recommended or required reading

Horngren, et al. 2000. Introduction to Financial Accounting. Prentice Hall.

Knapp, M. C. 1998. Financial Accounting, South-Western
College Publishing
Material handed out during lectures (articles and such)
Material regarding the new international accounting standard (to be decided)

Study activities

  • Lectures - 24 hours
  • Individual- and group instruction - 24 hours
  • Individual studies - 85 hours


  • Total workload of the course: 133 hours
  • Of which autonomous studies: 133 hours
  • Of which scheduled studies: 0 hours

Mode of Delivery

Participation in tuition

Assessment methods

Essays, reports, productions and portfolio


Finne Thomas


Stenius Andreas

Home page of the course


Group size

No limit

Course completion date

Date for course completion will be announced later

Assignments valid until

Until further notice

The timetable of the course

Will be given in class

Assessment methods

Date will be announced later - Reports and productions

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