Master's Programme in Accounting
Previous curricula
Here you can find the curricula of previous academic years.
Curriculum 2018–2020
MSc degree studies consist of the following study modules:
- Programme studies 84 cr
- Incl. Master’s thesis 30 cr
- Minor 24 cr
- Electives 12 cr
In addition to the goals stated in Government Decree on University Degrees (794/2004) 7 § the aim of the Master of Science degree in Economics and Business Administration is to provide students with
- deep overall knowledge of the area of the specialised master’s degree programme, and very good knowledge of the minor subject or corresponding study entities included in the degree;
- the knowledge and skills required in challenging managerial positions or positions demanding a high level of expertise, or as entrepreneur;
- the ability to independently produce and apply knowledge in the field of business administration and economics, and preparedness for demanding international postgraduate programmes;
- the ability to address ethics, sustainability, and international context; and
- excellent communication and team working skills.
MSc Programme in Accounting provides students with in-depth expertise in issues concerning the production and use of financial information of business firms and other organizations. The content and focus of the programme differ according to its two optional areas of specialization.
The focus of financial accounting is on topics relating to the preparation and use of financial statement information serving the needs of firm’s outside stakeholders, especially the decision making of debt and equity holders. The core contents in this area of specialization include theories of financial statements, international and national accounting standards, issues in group accounting and consolidated financial statements, as well as auditing theory and practice.
The focus of management accounting is on topics relating to the preparation and use of financial and non-financial information serving the needs of managerial control and decision making. The core topics in this area of specialization include accounting for management control, strategic management accounting, capital investment decisions, and management accounting information systems.
In addition, MSc Programme in Accounting offers students relevant knowledge of and expertise in financial statement analysis, company law, financial institutions, corporate governance, as well as different research methodologies.
Code: BIZ26
Credits: 84 ECTS cr
Responsible Professor: Prof. Jari Huikku
Programme committee: Jari Huikku (chair), Emma-Riikka Myllymäki, Pasi Torppa (corporate representative), Sampo Hyvönen (student representative)
Degree requirements
Master's degree 120 cr
Programme studies 84 cr
Mandatory studies 54 cr
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00100 | Financial Statement Analysis 1) | 6 cr | I, IV |
22E20700 | Research Methods in Accounting | 6 cr | I, III |
22E99904 57E00700 |
or |
6 cr 6 cr |
I-II, IV-V II |
22E99910 | Master's Thesis 2) | 30 cr | |
22E99905 | Master's Thesis Seminar | 6 cr | I-II, III-V |
22E99903 | Maturity Test | 0 cr |
1) If the course is included in the old B.Sc. Degree, it can be replaced with any of the E-level courses in Accounting.
2) Master's thesis consists of three parts: 22E99907 Part 1/3: Research plan, 22E99908 Part 2/3: Findings and 22E99909 Part 3/3: Submitted thesis. These parts are 10 cr each. Please see more information in WebOodi with code 22E99910.
Elective studies 30 cr
Choose five courses from the list below:
(specialization areas are suggestions only)
Courses in financial accounting
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00210 | Financial Accounting Theories 3) | 6 cr | III |
22E00300 | Konsernilaskenta | 6 cr | V |
22E00400 | International Accounting 4) | 6 cr | II*, V |
22E21000 | Auditing – Theory and Practice | 6 cr | V** (starts 31.3.2020) |
22E00600 | Cash Flow Analysis | 6 cr | II |
* Lectured in II period in autumn 2018.
** Spring 2020: teaching in period V (to be updated in WebOodi); Spring 2019: teaching in period IV
Courses in management accounting
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E10000 | Strategic Management Accounting | 6 cr | II |
22E12000 | Capital Budgeting | 6 cr | IV |
22E13000 | Accounting as Social and Institutional Practice | 6 cr | I |
22E24000 | Performance Management 5) | 6 cr | I |
22E26000 | Cost Accounting and Financial Planning | 6 cr | III |
Other advanced studies
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00500 | Corporate Governance | 6 cr | V |
22E29100 | Accounting for Sustainability | 6 cr | II |
22E14000 | Risk Management in Accounting | 6 cr | V |
20E00100 | Student Business Project 6) | 6 cr | |
42E00600 | CEMS Business Project 6) | 6 cr | |
22E09900 | Accounting studies at another university or another Aalto School 7) |
6-12 cr | |
Other suitable studies in Accounting 7) |
3) This course replaces course 22E00200 Theories of Financial Statement Analysis and only of the courses can be completed.
4) The course is lectured at Hanken in the II period. Please see the registration and teaching times in WebOodi. Extent of the course at Hanken is 5 cr. Aalto students have to do an extra assignment of 1 cr to complete the course.
5) This course replaces course 22E25000 Accounting for Management Control. Only one of the courses can be completed.
6) Only one of these can be included in the degree. 20E00100 Student business project must be agreed in advance with Tommi Vihervaara.
7) The course has to meet the requirements of the programme and must be agreed in advance with the programme director.
Auditor examinations (requirements for HT/KHT examinations)
In Aalto University School of Business student can study courses required for the Finnish auditor examinations. Here you can find the required courses for HT/KHT examinations (in Finnish).
Here you can find more information about the examinations: https://www.prh.fi/fi/tilintarkastusvalvonta/tutkinnot.html Please contact the exam organizer for questions related to them.
Academic guidance
Academic tutors at the department
Area | Academic tutor | Contact details |
---|---|---|
Auditing | Lasse Niemi | [email protected] |
Bookkeeping, Financial Statement Analysis | Tapani Kykkänen | [email protected] |
Corporate Governance (Investor Relations, Executive Compensation, Board of Directors, Risk Management) | Seppo Ikäheimo | [email protected] |
Financial Accounting | Henry Jarva | [email protected] |
Management Accounting (Capital budgeting, Strategic Management Control) | Jari Huikku | [email protected] |
Sustainability | Emma-Riikka Myllymäki | [email protected] |
The minor study module of the Master’s degree is 24 credits and can be one of the following:
- a module confirmed in the curriculum (a minor study entity offered at the School of Business) ,
- a module completed in an official exchange programme partner of the School of Business or in another programme meeting the requirements set in the official exchange programme policy of the School of Business, or
- a module earned at another Aalto University school or at another Finnish university under the agreement on flexible study rights (JOO agreement).
For a list of all the minors at Aalto University, see Minors 2018-2020
You can choose elective studies to your Master's degree so, that the extent of the degree (120 credits) is fulfilled. You can exceed the extent of the degree by one course maximum.
Elective studies can include basic, intermediate or advanced level courses. You can use the module e.g.
- To broaden your skills and knowledge via multidisciplinary studies:
- select courses in the field of technology or art
- select University Wide Studies -courses
- select courses in other universities via JOO study right
- To deepen your language and communication skills
- To deepen or broaden your skills and knowledge in the field of business
- select additional courses in your degree programme or major
- select courses from other degree progarmmes or majors in the School of Business
- select additional courses in your minor
- To gain work experience and working life skills via practical training
- To gain skills in self leadership and finding meaningfulness via Personal Impact -courses
- To broaden your degree with a second minor, if it fits in your degree
- Please not that you can only choose the second minor if it fits into your degree or exceeds it by maximum of one course. You can find the requirements of minors in Into Minors 2020-2022.
Mandatory language studies
If you have mandatory language studies in your master's degree, they are included in the elective studies module. You have received information about these in the beginning of your studies, if this applies to you.
- Students who have received their first cycle university degree from the Aalto University or from another Finnish university of from a Finnish university of applied sciences have principally demonstrated their language proficiency in the bachelor's degree or received an exemption. Therefore there is no need to demonstrate language proficiency in the master's degree
- Students, who have received their first cycle university degree outside of Finland and whose language of secondary education is Finnish or Swedish, do demonstrate their language proficiency in the master's degree
- Students, who have received their first cycle university degree outside of Finland and whose language of secondary education is other than Finnish or Swedish, do not demonstrate their language proficiency in the master's degree
If you are uncertain of whether you need to demonstrate language proficiency in the master's degree, please contact your programme's planning officer to get further information about the matter. Read also more about the language requirements for the maturity test in the page Completing your master's thesis > Maturity test.
Master’s thesis and thesis seminar
The programme study module includes a 30-credit thesis with a 6-credit seminar. The thesis must demonstrate readiness for scientific thinking, command of research methods, conversance with the topic of the thesis, and ability for scientific communication.
The student takes also part in a thesis seminar, which is designed to help the students to prepare their thesis work. The seminar commonly consists of meetings, completing thesis, presenting the research topic to the seminar group and acting as an opponent for a fellow student’s thesis. Seminar lasts usually the whole semester, and it is organised during both autumn and spring semesters.
Seminar practices vary depending on the degree programme: please see the instructions for each programme in Sisu or MyCourses. For instructions on writing and handing in the thesis please see the page Completing your master's thesis.
Master's thesis and seminar in Accounting
Master's thesis seminar takes two (usually consecutive) semesters. In the first semester (stage I), the student is expected to present his//her research plan for the master's thesis. After this stage, the degree of completion of the thesis is approximately 25 %. In the second semester (stage II), the student is expected to present the first draft of the thesis, including empirical findings and results. After that, the degree of completion of the thesis is approximately 75 %, and the student is expected to submit the final version of the thesis by the end of the following semester at the latest.
Prerequisites
Bachelor's degree. It is recommended that the student has completed the course Research Methods in Accounting (22E20700) before starting the Master's thesis seminar or take the course at the same time.
Registration
To register for a seminar group, please fill out the Master thesis registration form or in Finnish Graduseminaariin ilmoittautuminen.
Please send/submit the filled form to the supervisor that you have chosen (see the list below). Registration deadline is May 30 for seminar groups starting in the fall term, and November 30 for the groups starting in the spring term. It is good to think about the topic of your thesis beforehand, but it doesn't have to be precisely outlined when enrolling to the seminar.
Seminar groups and leaders
Seminar group leader | Specialization area | Contact | Additional information |
---|---|---|---|
Seppo Ikäheimo | Corporate governance | (@aalto.fi) | Profile on Aalto website |
Henry Jarva | Corporate governance, Financial accounting | (@aalto.fi) | Profile on Aalto website |
Teemu Malmi | Cost Accounting, Financial control, Performance management, Strategy | (@aalto.fi) | Profile on Aalto website |
Lasse Niemi | Auditing | (@aalto.fi) | Profile on Aalto website |
Juhani Vaivio | Management Accounting, Performance measurement, Strategy | (@aalto.fi) | Profile on Aalto website |
Emma-Riikka Myllymäki | Auditing, internal control over financial reporting, financial reporting quality, corporate governance, corporate responsibility | (@aalto.fi) | Profile on Aalto website |
Jari Huikku | Strategic management accounting | (@aalto.fi) | Profile on Aalto website |
Working on the thesis
Active participation in the thesis seminar is required. This includes presenting own work, opposing fellow student's work and other types of participation depending on the supervisor. Thesis seminar consists of two parts (part I and part II) where each part lasts for one semester.
Part I, requirements (25 % of the finished work):
- research problem
- aims and objectives for the research
- structure of the thesis; content of the chapters
- choosing method(s)
- research plan
- preliminary table of contents
Part II, requirements (75 % of the finished work):
- draft of the thesis
- detailed table of contents
- findings
Evaluation of master's thesis
Evaluation of master's thesis is based on common criteria in School of Business. It is recommended to familiarize yourself with the evaluation rubrik when planning and writing your thesis.
Thesis writing
Please see page Completing your master's thesis for instructions on general guidelines for writing your thesis.
Font f.e. Times New Roman. Line spacing 1,5 and font size 12. Marginals need to be wide enough for binding, 3 cm in the left edge, 2,5 cm in the other edges. The most important thing is that the structure of the thesis is readable and clear. You can also check the detailed guidlines for stucture and design of the thesis (in Accounting): Instructions for finalizing master's thesis. (to be updated soon) Instructions in Finnish.
Submitting the thesis
When the thesis is completely finished your supervisor allowes you to submit it. You can find a template for cover page and abstract as well as instructions for submitting the thesis in MyCourses in page Completing your master's thesis. Write and submit the Maturity test at the same time with the thesis. Please make sure you have enrolled as attending student for the ongoing semester when submitting the thesis.
More information
Please contact the seminar group leader or planning officer for any questions. Before that please check the frequently asked questions below if there already is an answer to your question.
Frequently asked questions about master's thesis and seminar
Does the seminar meet once a week?
- How a seminar operates depends much on the group itself and on the seminar leader. Groups meet generally once a week at most, with longer breaks between meetings for certain times, such as during the thesis writing stage.
Does the seminar have a minimum attendance requirement?
- Seminar meetings are compulsory as they are important for making progress with your thesis. The meetings cover the different stages of thesis work and provide students with feedback on their own work. The dates for presenting your thesis and acting as a thesis opponent are arranged in advance.
Does the seminar take a whole year?
- The seminar consists of two parts, which together add up to one academic year. The first part goes through the process of beginning the research for a thesis, formulating the aims of the work as well as the research problem. The second part goes through writing the thesis, research findings, etc., and concludes with a presentation of the work when it is nearly finished. The work includes presenting your own thesis and acting as opponent for someone else’s thesis.
Can I complete the seminar in half a year?
- Sometimes a student may make faster progress with his or her thesis and complete it in less than a year. In such cases, it is recommended to discuss with the thesis advisor in advance about your goals and to agree on how to complete the seminar work.
Shall I choose a thesis advisor myself? But how can I do so if I haven’t chosen a thesis topic yet?
- A list of thesis advisors and their fields of specialisation is given for this academic year on this Into page.
- Students should look for a thesis advisor whose speciality matches their own interests or planned thesis topic or topic area. You don’t have to have a topic when the seminar begins. You may discuss topic ideas with a thesis advisor before you register for the seminar or before it begins. The advisor may propose you see some other advisor whose area of competency is closer to your topic.
I would like to start writing my thesis in the summer, but is there a seminar in the summer?
- No thesis seminars begin in the summer. If you know that you will be able to concentrate on your thesis full-time during the summer, you might consider starting the seminar in the spring. Alternatively, you could arrange a meeting with the thesis advisor for spring or early summer to plan how to get your thesis underway during the summer. You could then register and begin the seminar in the autumn.
Can the seminar be taken through distance learning, for example, if I am abroad for half a year and write my thesis during that time?
- As a general rule, that is not allowed; however, it depends on what stage your thesis is in, the procedures followed in your seminar group, and the length of your time abroad.
Is it common for students to write their theses as commissioned work? What are the pros and cons related to this?
- Roughly every fourth student writes his or her thesis as a commissioned work. Sometimes with commissions, the company’s objectives and wishes for the thesis work are different than the aims set for it by the university. University theses are public documents, and this may sometimes raise a conflict from the commissioning company’s point of view. Optimally, a thesis with its theoretical perspective may provide the company with a deeper understanding of some practical problem. The student’s motivation may also be enhanced by seeing that the thesis has a direct benefit or immediate applicability. If the student receives compensation for the thesis, this may serve as an incentive for getting the work done on time.
Will writing the thesis take up all my time or will I have time for other things?
- You should leave plenty of room in your calendar for the thesis and be prepared to make it your first priority until it’s done. While working on your thesis, you can take e.g. one course, which ideally should be connected to the topic of your thesis. You shouldn’t, however, take too many courses, because they may have more deadlines than you expect and eat up the time you had planned to use on your thesis. Combining master’s thesis writing with a full-time job is not recommended, or at least you should consider taking a few weeks off work, if possible, to focus on your thesis – for instance, when you are halfway or nearly finished with the thesis process.
Should I have a topic for my thesis before the seminar begins? How do I find one?
- Although you don’t have to have a topic ready before you start the seminar, it is worth thinking about possible topics beforehand. When you register for the seminar, you will also have to choose your thesis advisor. To be able to choose the right thesis advisor, you should have some idea of the topic. You may formulate your final thesis topic during the first sessions of the seminar. Alternatively, the thesis advisor may suggest a topic for you or you can discuss possible topics together.
- To narrow down your thesis topic options, you can start with the following questions:
- Which accounting courses have you taken and which topics interest you the most? Have you attended any interesting courses in an area other than accounting? Maybe your topic could be something associated with that course? You can also think of a research method you would like to learn more about and come up with a topic that could be studied using that method.
- Have you noticed a research gap in the literature or in practice? In other words, have you identified an area or perspective that no one has studied before? Is there a current phenomenon in the world of business that has not been studied enough yet?
- Have you gained practical experience of something through a summer job or an internship that you would like to know more about or examine from a theoretical viewpoint? Could you do your thesis for a company and thus benefit an employer? Remember to discuss your choice of topic with your academic advisor in good time to make sure that your topic is suitable for a master’s thesis.
- Do you already have an idea about your future career goals? Perhaps your topic could involve an area in which you want to develop. Deepening your knowledge of a topic of interest for the purposes of the master’s thesis may also broaden your career options. Although you shouldn’t worry too much about your master’s thesis determining your future career, choosing your topic carefully can give you an opportunity to gain expertise that can benefit you later in life.
- You can also get started by browsing through earlier master’s theses on accounting in the library. Consider the topics and research scopes of the theses. Could your topic be similar to one of the earlier ones, but looked at from a different perspective, or with a different method or on a slightly different theme? The earlier master’s theses may also include ideas for further research on the same topic.
The most important thing, however, is to find a topic that is at least to some extent interesting to you. When you find a motivating topic, writing the thesis will be much easier.
Curriculum 2017–2018
MSc degree studies consist of the following study modules: Programme studies 84 ECTS credits, Minor studies 24 ECTS credits and Electives 12 ECTS credits.
In addition to the goals stated in Government Decree on University Degrees (794/2004) 7 § the aim of the Master of Science degree in Economics and Business Administration is to provide students with
- deep overall knowledge of the area of the specialised master’s degree programme, and very good knowledge of the minor subject or corresponding study entities included in the degree;
- the knowledge and skills required in challenging managerial positions or positions demanding a high level of expertise, or as entrepreneur;
- the ability to independently produce and apply knowledge in the field of business administration and economics, and preparedness for demanding international postgraduate programmes;
- the ability to address ethics, sustainability, and international context; and
- excellent communication and team working skills.
MSc Programme in Accounting provides students with in-depth expertise in issues concerning the production and use of financial information of business firms and other organizations. The content and focus of the programme differ according to its two optional areas of specialization.
The focus of financial accounting is on topics relating to the preparation and use of financial statement information serving the needs of firm’s outside stakeholders, especially the decision making of debt and equity holders. The core contents in this area of specialization include theories of financial statements, international and national accounting standards, issues in group accounting and consolidated financial statements, as well as auditing theory and practice.
The focus of management accounting is on topics relating to the preparation and use of financial and non-financial information serving the needs of managerial control and decision making. The core topics in this area of specialization include accounting for management control, strategic management accounting, capital investment decisions, and management accounting information systems.
In addition, MSc Programme in Accounting offers students relevant knowledge of and expertise in financial statement analysis, company law, financial institutions, corporate governance, as well as different research methodologies.
Code: BIZ26
Credits: 84 ECTS cr
Responsible Professor: Prof. Juhani Vaivio
Programme committee: Juhani Vaivio, Kari Hoppu, Tommi Kasurinen (corporate representative), Henri Auvinen (student representative)
Programme studies 84 cr
Mandatory studies 54 cr
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00100 | Financial Statement Analysis 1) | 6 cr | I, IV |
22E20700 | Research Methods in Accounting | 6 cr | I, III |
22E99904 57E00600 |
or |
6 cr 6 cr |
I-II, IV-V |
22E99910 | Master's Thesis | 30 cr | |
22E99905 | Master's Thesis Seminar | 6 cr | I-II, III-V |
22E99903 | Maturity Test | 0 cr |
1) If the course is included in the old B.Sc. Degree, it can be replaced with any of the E-level courses in Accounting.
Elective studies 30 cr
Choose five courses from the list below:
(specialization areas are suggestions only)
Courses in financial accounting
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00210 | Financial Accounting Theories (book exam) 2) | 6 cr | II, IV, V |
22E00300 | Konsernilaskenta | 6 cr | V |
22E00400 | International Accounting *) | 6 cr | II, V |
22E21000 | Auditing – Theory and Practice | 6 cr | IV |
22E00600 | Cash Flow Analysis | 6 cr | I |
Courses in management accounting
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E10000 | Strategic Management Accounting | 6 cr | II |
22E12000 | Capital Budgeting | 6 cr | IV |
22E13000 | Accounting as Social and Institutional Practice | 6 cr | I |
22E25000 | Accounting for Management Control | 6 cr | I |
22E26000 | Cost Accounting and Financial Planning | 6 cr | III |
Other advanced studies
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00500 | Corporate Governance | 6 cr | V |
22E29100 | Accounting for Sustainability | 6 cr | II |
20E00100 | Student Business Project | 6 cr | |
22E09900 | Accounting studies at another university or another Aalto School 3) |
6-12 cr |
2) This course replaces course 22E00200 Theories of Financial Statement Analysis and only of the courses can be completed.
3) The course has to meet the requirements of the programme and must be agreed in advance with the programme director.
*) The course is lectured at Hanken in the II period.
The minor study module of the Master’s degree is 24 credits and can be one of the following:
- a module confirmed in the curriculum (a minor study entity offered at the School of Business) ,
- a module completed in an official exchange programme partner of the School of Business or in another programme meeting the requirements set in the official exchange programme policy of the School of Business, or
- a module earned at another Aalto University school or at another Finnish university under the agreement on flexible study rights (JOO agreement).
For a list of all the minors at Aalto University, see Minors 2017-2018
Master's degree includes 12 ECTS credits of Electives. This can consist of for example
- additional studies in the degree programme,
- additional studies in the minor study module,
- courses from other programmes,
- language and communication studies,
- studies at another Aalto University School,
- studies at another university through the flexible study right agreement (JOO studies), or
- internship (6 cr or 3cr).
More information is provided under the titles Language and communication studies and Internship.
Elective studies can include basic, intermediate or advanced level courses.
Master’s thesis and thesis seminar
The programme study module includes a 30-credit thesis with a 6-credit seminar. The thesis must demonstrate readiness for scientific thinking, command of research methods, conversance with the topic of the thesis, and ability for scientific communication.
The student takes also part in a thesis seminar, which is designed to help the students to prepare their thesis work. The seminar consists of meetings, completing thesis, presenting the research topic to the seminar group and acting as an opponent for a fellow student’s thesis. Seminar lasts usually the whole semester, and it is organised during both autumn and spring semesters.
Registration for the seminar varies depending on the degree programme: please see the instructions for each programme in Sisu or MyCourses. For instructions on writing and handing in the thesis please see Planning your studies.
Maturity test
After completing the Master's Thesis the student has to write a maturity test in order to demonstrate their familiarity with the subject of the thesis and proficiency in Finnish or Swedish language. If a student has demonstrated their Finnish or Swedish proficiency in the Bachelor’s degree, it is not required again for the Master’s degree. In this case the maturity test will be evaluated only based on the content. However, the maturity test is still always written in Finnish or Swedish, unless the student has been exempted to write the test in some other language (see instructions below).
The maturity test is a written examination based on the Master’s thesis. The School of Business students write an executive summary which is classified as the maturity test. For further instructions regarding the maturity test, please see Planning your studies - Maturity test.
If a student has had their (high school) education in a language other than Finnish or Swedish or abroad, it is possible to apply for an exemption in order to make the test in English or some other language. The application will be addressed to the Vice Dean of the School of Business. In this case the maturity test will be evaluated only based on the content.
Master's thesis and seminar in Accounting
Master's thesis seminar takes two (usually consecutive) semesters. In the first semester (stage I), the student is expected to present his//her research plan for the master's thesis. After this stage, the degree of completion of the thesis is approximately 25 %. In the second semester (stage II), the student is expected to present the first draft of the thesis, including empirical findings and results. After that, the degree of completion of the thesis is approximately 75 %, and the student is expected to submit the final version of the thesis by the end of the following semester at the latest.
Prerequisites
Bachelor's degree. It is recommended that the student has completed the course Research Methods in Accounting (22E20700) before starting the Master's thesis seminar.
Registration
To register for a seminar group, please fill out the Master thesis registration form or in Finnish Graduseminaariin ilmoittautuminen.
Please send/submit the filled form to the supervisor that you have chosen (see the list below). Registration deadline is May 30 for seminar groups starting in the fall term, and November 30 for the groups starting in the spring term. It is good to think about the topic of your thesis beforehand, but it doesn't have to be precisely outlined when enrolling to the seminar.
Working on the thesis
Active participation in the thesis seminar is required. This includes presenting own work, opposing fellow student's work and other types of participation depending on the supervisor. Thesis seminar consists of two parts (part I and part II) where each part lasts for one semester.
Part I, requirements (25 % of the finished work):
- research problem
- aims and objectives for the research
- structure of the thesis; content of the chapters
- choosing method(s)
- research plan
- preliminary table of contents
Part II, requirements (75 % of the finished work):
- draft of the thesis
- detailed table of contents
- findings
More information
Please contact the seminar group leader or study coordinator for any questions.
Thesis writing
Please see page Completing your master's thesis for instructions on general guidelines for writing your thesis.
Font f.e. Times New Roman. Line spacing 1,5 and fint size 12. Marginals need to be wide enough for binding, 3 cm in the left edge, 2,5 cm in the other edges. The most important thing is that the structure of the thesis is readable and clear. You can also check the detailed guidlines for stucture and design of the thesis (in Accounting): Instructions for finalizing master's thesis. (to be updated soon) Instructions in Finnish.
Submitting the thesis
When the thesis is completely finished your supervisor allowes you to submit it. You can find a template for cover page and abstract as well as instructions for submitting the thesis in MyCourses in page Completing your master's thesis. Write and submit the Maturity test at the same time with the thesis. Please make sure you have enrolled as attending student for the ongoing semester when submitting the thesis.
Seminar groups and teachers
Seminar group leader | Specialization area | Contact | Additional information |
---|---|---|---|
Seppo Ikäheimo | Corporate governance | (@aalto.fi) | |
Henry Jarva | Corporate Governance, Financial statement analysis, auditing, quantitative methods | (@aalto.fi) | |
Teemu Malmi | Cost accounting, Economic control, Strategy | (@aalto.fi) | |
Yaping Mao | International Students | (@aalto.fi) | |
Lasse Niemi | Auditing | (@aalto.fi) | |
Hannu Ojala | International Accounting | (@aalto.fi) | |
Hanna Silvola | Management accounting, Sustainability | (@aalto.fi) | Group works partly online. |
Juhani Vaivio | Management Accounting | (@aalto.fi) | |
Emma-Riikka Myllymäki | Auditing, internal control over financial reporting, financial reporting quality, corporate governance, corporate responsibility | (@aalto.fi) | |
Jari Huikku | Strategic management accounting | (@aalto.fi) |
Curriculum 2016–2017
MSc degree studies consist of the following study modules: Programme studies 84 ECTS credits, Minor studies 24 ECTS credits and Electives 12 ECTS credits.
In addition to the goals stated in Government Decree on University Degrees (794/2004) 7 § the aim of the Master of Science degree in Economics and Business Administration is to provide students with
- deep overall knowledge of the area of the specialised master’s degree programme, and very good knowledge of the minor subject or corresponding study entities included in the degree;
- the knowledge and skills required in challenging managerial positions or positions demanding a high level of expertise, or as entrepreneur;
- the ability to independently produce and apply knowledge in the field of business administration and economics, and preparedness for demanding international postgraduate programmes;
- the ability to address ethics, sustainability, and international context; and
- excellent communication and team working skills.
MSc Programme in Accounting provides students with know-how in production and use of financial information of business firms and other organizations. Students graduating from the program know how to generate, analyse, interpret and communicate this information for the needs of outside stakeholders and for managerial purposes. They are also able to contribute effectively to the development of management information systems. Furthermore, as experts in accounting, they are prepared to participate in management’s strategic and operative decision making.
The general management skills the programme aims to foster include the student’s analytical ability, teamwork, and problem solving skills. The student will also have the opportunity to consider challenging issues in business ethics and to develop his/her international business communications skills at an advanced level.
Code: BIZ26
Credits: 84 ECTS cr
Responsible Professor: Prof. Juhani Vaivio
Programme studies 84 cr
Mandatory studies 54 cr
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00100 | Financial Statement Analysis 1) | 6 cr | I, IV |
22E20700 | Research Methods in Accounting | 6 cr | I, III |
22E99904 | Capstone: Accounting | 6 cr | I-II, IV-V |
22E99910 | Master's Thesis | 30 cr | |
22E99905 | Master's Thesis Seminar | 6 cr | I-II, III-V |
22E99903 | Maturity Test | 0 cr |
1) If the course is included in the old B.Sc. Degree, it can be replaced with any of the E-level courses in Accounting.
Elective studies 30 cr
Choose five courses from the list below:
(specialization areas are suggestions only)
Courses in financial accounting
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00210 | Financial Accounting Theories (book exam) 2) | 6 cr | II, IV, V |
22E00300 | Konsernilaskenta | 6 cr | V |
22E00400 | International Accounting *) | 6 cr | II, V |
22E21000 | Auditing – Theory and Practice | 6 cr | IV |
22E00600 | Cash Flow Analysis | 6 cr | I |
Courses in management accounting
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E10000 | Strategic Management Accounting | 6 cr | I |
22E12000 | Capital Budgeting | 6 cr | IV |
22E13000 | Accounting as Social and Institutional Practice | 6 cr | I |
22E25000 | Accounting for Management Control | 6 cr | II |
22E26000 | Cost Accounting and Financial Planning | 6 cr | III |
Other advanced studies
Code | Course name | ECTS credits | Period |
---|---|---|---|
22E00500 | Corporate Governance | 6 cr | V |
22E29100 | Accounting for Sustainability | 6 cr | II |
20E00100 | Student Business Project | 6 cr | |
22E09900 | Accounting studies at another university or another Aalto School 3) |
6-12 cr |
2) This course replaces course 22E00200 Theories of Financial Statement Analysis and only of the courses can be completed.
3) The course has to meet the requirements of the programme and must be agreed in advance with the programme director.
*) The course is lectured at Hanken in the II period.
The minor study module of the Master’s degree is 24 credits and can be one of the following:
- a module confirmed in the curriculum (a minor study entity offered at the School of Business) ,
- a module completed in an official exchange programme partner of the School of Business or in another programme meeting the requirements set in the official exchange programme policy of the School of Business, or
- a module earned at another Aalto University school or at another Finnish university under the agreement on flexible study rights (JOO agreement).
2016-2017 minors at Aalto
2016-2017 minors for School of Business students only
Please see Study Guide 2016-2017
Master's degree includes 12 ECTS credits of Electives. This can consist of for example
- additional studies in the degree programme,
- additional studies in the minor study module,
- language and communication studies,
- studies at another Aalto University School,
- studies at another university through the flexible study right agreement (JOO studies), or
- internship (6 cr or 3cr).
More information is provided under the titles Language and communication studies and Internship.
Elective studies can include basic, intermediate or advanced level courses.
Master’s thesis and thesis seminar
The programme study module includes a 30-credit thesis with a 6-credit seminar. The thesis must demonstrate readiness for scientific thinking, command of research methods, conversance with the topic of the thesis, and ability for scientific communication.
The student takes also part in a thesis seminar, which is designed to help the students to prepare their thesis work. The seminar consists of meetings, completing thesis, presenting the research topic to the seminar group and acting as an opponent for a fellow student’s thesis.
Seminar lasts usually the whole semester, and it is organised during both autumn and spring semesters. Registration for the seminar varies depending on the degree programme: please see the instructions for each programme in WebOodi, MyCourses or department’s homepages.
Maturity test
After completing the Master's Thesis the student has to write a maturity test in order to demonstrate their familiarity with the subject of the thesis and proficiency in Finnish or Swedish language. If a student has demostrated their Finnish or Swedish proficiency in the Bachelor’s degree, it is not required again for the Master’s degree. In this case the maturity test will be evaluated only based on the content. However, the maturity test is still always written in Finnish or Swedish, unless the student has been exempted to write the test in some other language (see instructions below).
The maturity test is a written examination based on the Master’s thesis. The School of Business students write an executive summary which is classified as the maturity test. For further instructions regarding the maturity test, please see Planning your studies - Maturity test.
If a student has had their (high school) education in a language other than Finnish or Swedish or abroad, it is possible to apply for an exemption in order to make the test in English or some other language. The application will be addressed to the Vice Dean of the School of Business. In this case the maturity test will be evaluated only based on the content.
Curricula 2013–2016
- Published:
- Updated: