Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


The objective of the course is to deepen student s knowledge of the theories and ways of thought behind financial statement information. Consequently, the course also aims to enhance student s capability of writing a master s thesis on a related topic.

Credits: 6

Schedule: 14.01.2021 - 26.02.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Hannu Ojala

Teacher in charge (applies in this implementation): Hannu Ojala

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English


Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    1. Term paper (50 %)

    2. Exam (50 %)

  • Valid 01.08.2020-31.07.2022:

    - Lectures 20 h

    - Term paper prep 30 h

    - Exam preparation 107 h

    - Exam 3 h


Study Material
  • Valid 01.08.2020-31.07.2022:

    Scott, William R. (2015) Financial accounting theory.


Substitutes for Courses
  • Valid 01.08.2020-31.07.2022:

    This course replaces course 22E00200 Theories of Financial Statements.

  • Valid 01.08.2020-31.07.2022:

    Introduction to Financial Accounting (22C00100), Financial Accounting (22C00400). Recommended: Financial Statement Analysis (22E00100).