Professional studies

Teaching language


Type of course


Cycle/level of course


Recommended year of study


Total number of ECTS

5 cr

Competency aims

The aim of the course is to teach the student
detailed knowledge of the contents and
structure of financial statements as well as
understanding how to analyze and draw
conclusions based on these. Understanding the
role of tax issues in this respect is also a
central aim of the course.

Learning outcomes

At the end of the course the student is familiar
with the contents of financial statements
including tax questions, and is also able to read
and discuss these in a professional context.

Course contents

The main financial statements are covered in
Income Statement
Balance Sheet
Cash Flow analysis
Tax issues are covered in a Finnish and
International perspective
Official statements of listed companies are
analyzed in detail.

Prerequisites and co-requisites

Introduction to Financial Management or equivalent

Additional information

The first lecture is mandatory for all those wishing to be on this course. The attendance will be checked during the first lecture and all those who are absent will be taken out from the course.

Recommended or required reading

The course literature is not limited to the
literature listed below. The student can freely
use alternative literature with similar contents.

Financial & Managerial Accounting
Horngren, Harrison, Oliver 1190p
Pearson, Latest edition

Comprehensive Guide on How to Read a Financial
Report : Wringing Vital Signs Out of the
Tracy, John A. Tracy, Tage, 350p
John Wiley & Sons, 2014
Available in ebrary

Additional reading announced later

Study activities

  • Lectures - 16 hours
  • Individual studies - 119 hours


  • Total workload of the course: 135 hours
  • Of which autonomous studies: 135 hours
  • Of which scheduled studies: 0 hours

Mode of Delivery

Participation in tuition

Assessment methods

Essays, reports, productions and portfolio

Assessment requirements

Examination through 3 individual
assignments submitted to itslearning and a guest lecture.
Assignment 1 - 30 p
Assignment 2 - 30 p
Assignment 3 - 30 p
Guest lecture 16.10.2018 - 10 p

No submission, late submission, email-submission,
copy-paste = 0

90-100 points -> 5
80-89 points -> 4
70-79 points -> 3
60-69 points -> 2
50-59 points -> 1
Below 50 -> fail

Plagiarism or cheating severely punished ->
kicked out from course

Grades cannot be improved on, given grade stays.


Puukko Linda


Puukko Linda

Group size

No limit

Assignments valid until

12 months after course has ended

Assessment methods

Date will be announced later - Reports and productions

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