YH-program med kursplaner

This course introduces you to the fundamental concepts, principles, and practices of financial accounting and how they support business decision-making. You will learn about the accounting cycle—how financial information is recorded, summarised, and reported in accordance with Generally Accepted Accounting Principles (GAAP). The course introduces the essential financial statements—the income statement, balance sheet, and cash flow statement—and the key concepts underlying them. Through lectures, seminars, and case studies, you will explore how accounting contributes to accountability, transparency, and strategic planning in both private and public organisations. You will also examine how different stakeholders, such as managers, investors, and regulators, use accounting information to make informed decisions. By the end of the course, you will be able to describe, analyse, and communicate basic financial information, understand the ethical responsibilities of accountants, and apply accounting principles to simple business transactions. The course serves as a foundation for further studies in financial accounting, management accounting, and finance, and is designed for students with no prior accounting experience. **Connection to Research ** This course connects to contemporary research in financial accounting and reporting by introducing you to key academic perspectives on how financial information is produced, interpreted and used in decision-making. In addition to the course literature and professional standards, selected academic articles may be used to illustrate how financial reporting practices are studied and evaluated. You are encouraged to critically engage with financial information and the assumptions underlying financial reporting. You will be introduced to basic analytical approaches widely used in accounting when studying organisational performance, financial stability and market outcomes. Through this process, you will gain insight into how empirical financial data can be used to draw conclusions about organisational performance. Financial reporting and financial analysis play an important role in understanding how organisations grow, how ownership structures influence financial decisions, and how organisations communicate financial performance to stakeholders. By developing foundational knowledge in financial reporting and financial analysis, you gain analytical tools that are relevant for engaging with research and practical issues related to entrepreneurship, renewal and ownership. **Connection to Practice ** This course is designed to connect theoretical concepts in financial reporting with real-world business practices. Financial reports are key tools used by different stakeholders to evaluate the financial performance and position of organisations. By learning how financial reports are prepared, interpreted and analysed, you will develop skills that are relevant to professional roles in business. Throughout the course, you will work with financial statements and reports from real organisations. This will allow you to see how accounting standards and reporting principles are applied in practice and how financial information is communicated to stakeholders. In addition, the group assignment stimulates tasks commonly performed by business professionals when evaluating an organisation’s performance and financial health. By engaging with real organisational data and collaborating in teams, you will gain practical experience in applying analytical skills, interpreting financial information and communicating analytical findings. This practical orientation of linking academic learning to competencies used in professional financial analysis and decision-making makes this course highly relevant. **Connection to Ethics, Responsibility, Sustainability (ERS) ** This course integrates perspectives on ethics, responsibility and sustainability by highlighting the role of financial reporting in promoting transparency, accountability and responsible decision-making in organisations. Financial reports are an important means through which organisations communicate their financial performance and position to various stakeholders. Therefore, understanding how financial information is prepared and interpreted has important ethical and societal implications. Throughout the course, you are introduced to the ethical responsibilities associated with financial reporting, including the importance of accuracy, transparency, and compliance with accounting standards. Discussions address how financial information can influence economic decisions and how misleading or incomplete reporting may affect stakeholders and public trust in organisations and financial markets. The ethics, responsibility and sustainability perspectives are also integrated in the group assignment. In the assignment, you are tasked with analysing the financial reports and performance of a real organisation, as well as reflecting on how financial performance relates to responsible management practices, long-term sustainability and the broader impact of business activities. By engaging with real organisation reports, you will develop an understanding of how financial reporting supports ethical conduct, responsible management and sustainable organisational development.