Studies at University of Oulu 2012-2013

The University of Oulu offers study opportunities with a solid academic foundation ranging from 5-6 year degree programmes and master’s programmes to doctoral training. There are also several possibilities such as open university studies, executive training and continuing education for developing and maintaining skills and competencies.

In addition to a variety of student exchange programmes, international master’s degree programmes in English are offered in six fields of study, making the university an international study environment.

5-6 Year Degree Programmes

MSc (Econ. & Bus. Adm.) in Accounting

Profile of the Degree: 

The degree programme in Accounting offers two fields of specialization: financial accounting and management accounting. Financial accounting covers the information and reporting systems of the firm that are used by various interest groups outside the firm. Management accounting develops information and reporting systems needed in the decision-making inside the firm. Students can choose from either one of the options. However, programme is designed so that it gives a solid foundation for understanding the different areas of accounting.

Course Structure Diagram and Courses Required for the Degree: 

Degree structure


Advanced studies in major subject 60 ECTS
Minor subjects 50-60 ECTS
Possible other studies


Total: 120 ECTS

Learning Outcomes: 

In advanced studies students are able to emphasize their studies to financial accounting or management accounting within the limits of the construction of the studies. 


After taking the advanced studies in financial accounting students will:



  • be able to apply the central research areas and theories of accounting in challenging assignments

  • be able to develop the analysis process of the financial information on the grounds of research results and theories  to assist in decision-making processes

  • be able to apply the theoretical foundations of firm valuation and financial statement analysis in diverse and dynamic decision-making circumstances

  • be able to apply the focal theoretical and empirical research results of auditing into the auditing process

  • be able to apply different theories of firm valuation to process of planning IFRS financial statements

  • have the capabilities to act independently and as a responsible member of work community in challenging international financial assignments

  • have the basic knowledge that is necessary for scientific research and reporting

After taking the advanced studies in management accounting students will:



  • be able to adapt the central research areas and theories of accounting in challenging assignments

  • be able to develop the analysis process of the financial information on the grounds of research results and theories to assist in decision-making processes

  • have the capabilities to act independently and as a responsible member of work community in challenging international financial assignments

  • be able to use the methods of cost accounting and select those methods based on  theoretical reasoning

  • be able to assess effects of management control systems on the organisation and on employee behavior

  • be able to use the focal research traditions of management accounting in thesis composition

  • have the basic knowledge that is necessary for scientific research and reporting
Arrangements for recognition of prior learning: 
Modes of study: 

The student studies full-time, corresponding to 60 ECTS credits per year. This equals to 1600 hours of student workload per year. The full degree (120 ECTS credits) can be completed in two years, studying full-time. The studies are carried out as contact teaching and learning tasks.

Language of Instruction: 

Finnish, part of the instruction is in English.

Examination Regulations, Assessment and Grading: 

Assessment methods and criteria for the studies: The degree-related studies can be completed based on the curriculum. This means that the student studies the advanced studies and elective studies the curriculum contains, in accordance with the curriculum. The study units are primarily completed by attending examinations and with written assignments and they are assessed by the person responsible for the study unit. The assessment is often based on the grades of final exams and term papers. Also other assessment criteria are used. Study unit descriptions give more exact information on the assessment of study units. Master’s thesis shall be written as the final work in the degree. A Personal Study Plan PSP is compiled for each student, considering student’s prior learning.


Grading: (The University of Oulu Education Regulations 17§): a numerical scale 0-5 in whole numbers or verbal grading Pass or Fail is used in assessing a completed course. When assessing doctoral dissertations and licentiate’s theses, verbal grading kiittäen hyväksytty (Approved with Distinction), hyväksytty (Approved) tai hylätty (Rejected) can be used. In numerical scale zero stands for fail.


In determining the final grade for a study module, a credit-weighted average is utilized. The grades of Pro Gradu Theses and Diploma Theses shall not be considered when determining the average of advanced studies. 


Separate provisions have been laid down for assessing the proficiency in Finnish and Swedish language required in accordance with the Government Decree on University Degrees (794/2004).

Occupational Profiles of Graduates: 

Graduates can work for example as CFOs, controllers, auditors and as consultants.

Access to Further Studies: 

After completing Master of Science degree in Economics and Business Administration the student is eligible to apply for Doctoral level studies.

Graduation Requirements: 

In order to graduate, the student is required to have passed all the courses included in the degree, to have completed the Master’s thesis and the maturity test in acceptable manner and to have handed out the degree certificate request according to the Oulu Business School graduation timetable.


In addition, the student must show the required level of Finnish and Swedish language skills according to Act (424/2003, section 6, subsection 1) and the required level of knowledge in one foreign language to be able to follow the field specific development and work in an international environment (Government Decree on University Degrees 794/2004, Language Proficiency Section 6).

Qualification Requirements and Regulations: 

All education in the University of Oulu is based on the principles of the joint European credit transfer system (ECTS) which facilitates the transparency of education and the recognition of degrees at an international level. All degrees awarded from the University of Oulu are recognised by the Finnish Ministry of Education and Culture.


The degree provides qualification to use the honorary Finnish title of “ekonomi”. The degree provides language proficiency required of personnel in public bodies in Finland, in accordance with the Language Proficiency Section 6:


Government Decree on University Degrees 794/2004, Language Proficiency Section 6: Language proficiency


1. The student must demonstrate in studies included in education for a lower or higher University degree or otherwise that he/she has attained:


(1) proficiency in Finnish and Swedish which is required of civil servants in bilingual public agencies and organizations under Section 6(1) of the Act on the Knowledge of Languages Required of Personnel in Public Bodies (424/2003) and which is necessary for their field; and


(2) skills in at least one foreign language needed to follow developments in the field and to operate in an international environment.


2. The provisions of subsection 1 do not concern a student who has been educated in a language other than Finnish or Swedish or a student who has been educated abroad. The language proficiency of such students shall be determined by the university.


3. For special reasons, the university may either totally or partially exempt a student from the requisite language skills referred to in subsection 1.

Basic information

Level of the Degree: 
Master's Degree
Duration of Studies: 
2 years
ECTS Credits: 
120
Language of Instruction: 
Finnish
Graduate profiles: 
CFO
Controller
Auditor
Consultant
Location of Instruction: 
+358 (0)294 482908
janne.t.jarvinen (at) oulu.fi

Applying

Applying Information: 
The degree is part of a five-year degree programme which is applied for through the joint application system at http://yliopistohaku.fi. The main language of instruction in the degree programme is Finnish. Detailed information about admission requirements and applying is only available in Finnish.