Studies at University of Oulu 2016-2017

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.

Other Master's Programmes (2016-2017)

Accounting, Master of Science (Economics and Business Administration), 120 ECTS Credits

Profile of the Degree: 

The AACSB accredited Oulu Business School aims to educate professionals by bringing an international perspective to develop the business and economy especially in the Northern Finland. The fundamental values of the school are expertise, responsibility to self and others, and a pioneering spirit. The general learning goals of the master’s programs of OBS are analytical thinking and problem solving, disciplinary knowledge, business knowledge, globally responsible business and communication skills.

The master’s program in Accounting aims at high-quality, research-based education and gives students the required skills and knowledge to work in different accounting positions in firms and other organizations. The program holds good relationships with the local business life and the cooperation with business happens in different ways.

Enrolled students of the program have an opportunity to pursue either Financial Accounting or Management Accounting. Financial accounting explores profit and loss accounting, using the financial statement data in decision-making, incentive compensation of top management, auditing and firm valuation. Management accounting focuses on cost accounting, budgeting, capital investment planning and management control. However, program is designed so that it gives a solid foundation for understanding the different areas of accounting. The program also equips it students with abilities to enter into doctoral education.

 

Courses Required for the Degree: 

Studies consists of four modules, each of which corresponds to 30 ECTS credits. The modules are scheduled for four semesters / two years (total of 120 ECTS credits). In addition, complementary studies can be requested, depending on the applicants’ previous studies.

More information in the course diagram.

 

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. 

General Learning Outcomes

  • Analytical thinking and problem solving – our graduates are able to solve business and/or economic problems and make business decisions.
  • Disciplinary knowledge – our graduates demonstrate deep and coherent understanding of an academic field of study.
  • Business knowledge - our graduates demonstrate deep understanding of their own profession, and are able to use, process and analyze economic and/or business information.
  • Globally responsible leadership – our graduates are able to act as future generators of sustainable value for business and society.
  • Communication skills - our graduates demonstrate professional oral and written communication knowledge and skills appropriate for business situations.

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 and Teaching: 

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 and English. The master level courses are instructed mainly in English, though study attainments can be completed also in Finnish.

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 and Final Project: 

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 487784
sinikka.moilanen (at) oulu.fi

Applying

Applying Information: 
The language of instruction in the master’s programme is Finnish. Applicants have to both apply in Finnish and be able to study in Finnish. Applicants are asked to prove their Finnish language skills in the admissions process.
Application Period: 
15.12.2015–29.1.2016 (klo 15.00 UTC +2)

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