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Basics of Business Economics (5 cr)

Code: LL10006-3001

General information


01.04.2022 - 30.09.2022


22.08.2022 - 31.12.2022

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching


Wärtsilä Campus Karjalankatu 3

Teaching languages

  • Finnish


20 - 90

Degree programmes

  • Degree Programme in Business Economics


  • Aini Simola

Teacher in charge

Aini Simola


  • LLNS22
    BBA, Business Economics, Full-time studies, Fall, 2022


Student understands:
- The financial processes of a company and how they work
- The role of financial management in the company's operations,
- The role of the company and its functions and the role of the company's business processes.

Students will be able to:
- Accounting basics, standard accounting entries, monthly VAT calculation and prepare a profit and loss account and balance sheet for a small business,
- The basics of taxation and the calculation of taxable income,
- How to analyse the financial situation of a business using the most common ratios.


Basics of external accounting:
- The role of financial management in business and basic financial concepts
- basic logic of double-entry bookkeeping,
- VAT basics
- depreciation and inventory change
- the profit and loss account and balance sheet and the financial statements as a whole
- tax procedure and calculation of taxable income for the different types of companies

Evaluation scale