Introduction to business economics

Structure Type: Course
Code: KB02BLIYT8
Type: Compulsory
Level: Bachelor
Credits: 8.0 points
Responsible Teacher: Holma, Heikki
Teacher Team: Jaakkola, Raimo
Language of Instruction: Finnish

Learning Outcomes

Principles of entrepreneurship

Students will understand the significance of entrepreneurship as part of the national economy. They will be familiar with the process of establishing a business.

Accounting

Students will have command of double-entry bookkeeping and understand the requirements of accounting legislation in external accounting. In addition, they will know how to enter the usual business transactions into the books and make financial statements based on the entries. Students will also be able make the more common calculations needed in accounting and understand the significance of budgeting in financial administration.

Student's Workload

- accounting: lectures 30 h, excercises 40 h, autonomous studies 50 h
- entrepreneurship: scheduled studies 40 h and autonomous studies 95 h

Prerequisites / Recommended Optional Courses

Will be announced at the beginning of the course.

Contents

Principles of entrepreneurship
- Process of establishing a business
- Types of companies
- Financing
- Legislation
- Business plan
Accounting
- Legislation
- Business transactions
- Double-entry bookkeeping
- Financial statements
- Methods for calculating costs
- Budgeting

Recommended or Required Reading

- Ihantola-Leppänen Yrityksen kirjanpito: perusteet ja sovellusharjoitukset. Latest edition.
- Neilimo & Uusi-Rauva. 2005. Johdon laskentatoimi.
- Holopainen & levonen. 2008. Yrityksen perustajan opas.
- Other material as indicated by the lecturer.

Mode of Delivery / Planned Learning Activities and Teaching Methods

- Lectures
- Exercises
- Independent study

Assessment Criteria

Grading will be announced during the course.

Assessment Methods

- Exam

- Continuous assessment
- Grading based on a scale of 1 to 5

Work Placement

None

Back