Study module

Show teaching events
A250A0750 Financial Statement Analysis, 6 cr 
Code A250A0750  Validity 01.08.2011 -
Name Financial Statement Analysis  Abbreviation Financial State 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Business and Management 

Antero Tervonen 

Description by Study Guide

Location: Lappeenranta


B.Sc. (Econ. & Bus. Adm.) 2



Teaching Language 


Teacher(s) in Charge 

University Lecturer, D.Sc. (Tech.) Antero Tervonen


By the end of the course, students will be able to:
- pay attention to essential factors of financial statement which can affect interpretation
- analyze, interpret and explain financial situation of a company using common key ratios of financial statement analysis
- evaluate the level of key ratios using mark scales and industry statistics
- choose suitable key ratios for a case with motivation by literature
- match effects of company’s operational environment and industry to financial situation
- search for company’s financial statement data and key ratios from different sources, among others financial statement databases
General aim of the course is to improve personal skills of the student:
- write a case report using common instructions of scientific writing


Adjustment of financial statement. Analysis of financial statement. Ratios of financial statement analysis, interpretation and utilization. Databases of financial statements. Cash flow statements.

Teaching Methods 

Lectures 28 h, exercises 21 h, independent exercises and preparation for lectures 25 h, written case report 40 h, 1st period. Written case report 45 h, feedback lecture 1 h, 2nd period. Total workload 160 h.

Examination in Examination schedule (Yes/No) 


Examination in Moodle (Yes/No) 


Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

Grade 0-5, evaluation 0-100 points, written case report 100 %

Course Materials 

1. Yritystutkimus ry: Yritystutkimuksen tilinpäätösanalyysi, 2017 or newer
2. Kallunki, J-P., Kytönen, E.: Uusi tilinpäätösanalyysi, 2007 or newer
3. Kaisanlahti, T., Leppiniemi, J., Leppiniemi, R.: Tilinpäätöksen tulkinta, 2017 or newer
4. Salmi, I.: Mitä tilinpäätös kertoo?, 2015 or newer
5. Niskanen, J., Niskanen, M.: Tilinpäätösanalyysi, 2003 or newer
6. Kallunki, J-P., Lantto, A-M., Sahlström, P.: Tilinpäätösanalyysi IFRS-maailmassa, 2008
7. Lecture materials


A250A0250 Basic Course in Financial Accounting

Limitation for students? (Yes, number, priorities/Leave empty) 

Yes, 140; first in priority those B.Sc. (Econ. & Bus. Adm.) students to whom the course is obligatory in intermediate specialisation studies; then those B.Sc. (Econ. & Bus. Adm.) students to whom accounting is minor; then students of Industrial Engineering and Management; last other students

Places for exchange-students? (Yes, number/No) 


Places for Open University Students?(Yes, number/No) 



Current and upcoming courses
No teaching events

Upcoming exams
No exams