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 students' 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: 12.01.2023 - 24.02.2023

Teacher in charge (valid for whole curriculum period):

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

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

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    Accounting Under Ideal Conditions; The Decision Usefulness Approach to Financial Reporting; Efficient Securities Markets; The Value Relevance of Accounting Information; The Measurement Approach to Decision Usefulness; Measurement Applications; The Efficient Contracting Approach to Decision Usefulness; An Analysis of Conflict; Executive Compensation; Earnings Management; Standard Setting: Economic Issues; Standard Setting: Political Issues; Assignments during the course include sustainability angle. 

Assessment Methods and Criteria
  • valid for whole curriculum period:

    1. Term paper

    2. Exam

  • valid for whole curriculum period:

    - Lectures 20 h

    - Term paper prep 30 h

    - Exam preparation 107 h

    - Exam 3 h


Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth


Further Information
  • valid for whole curriculum period:

    There is a pre-assignment on the course that has to be completed by the end of the first lecture week. Please check the MyCourses page for more information before the course starts.

    Teaching Language : English

    Teaching Period : 2022-2023 Spring III
    2023-2024 Spring III

    Enrollment :

    Registration for courses: in Sisu.
    If more students have enrolled by the enrolment deadline than can be accepted on the course, priority will be given to students based on their study right: 1. Master's degree students in Accounting 2. Exchange students 3. Bachelor's students in Accounting who have completed more than 150 cr 4. Master's students in other majors 5. Bachelor's students in other majors who have completed more than 150 cr