Practical Bookkeeping (5 cr)

Objective

The student can make various business entries and prepare the financial statements. The student knows the contents of the financial statements. The student familiarises him/herself with accounting regulations

Content

Accounting and balancing the accounts
Financial statements
Accounting exercises
Accounting regulations

Location and time

Työjärjestyksen mukaan.

Materials

Tomperi Soile: Käytännön kirjanpito -textbook and exercise book. Edita, latest edition.
Material in Reppu e-learning platform.

Teaching methods

Lectures
Exercises
Group tasks
Tasks to be returned
Exam

Exam schedules

According to separate schedule. To be updated later.

Completion alternatives

Independent online study and participation in the exam. To be agreed on with teacher in the beginning of the course.

Student workload

Total student workload 135 h = 5 credits
Face-to-face teaching 15 x 3 h = 45 h
Student's independent work about 90 h

Content scheduling

Periodic accounting and financial statements
Financial statements
Accounting exercises
Accounting legislation and Kila's guidelines

Further information

Must have completed course Laskentatoimen perusteet before participating

Evaluation scale

0 - 5

Assessment criteria, excellent (5)

The students are able to interpret the legal theoretical framework of bookkeeping and financial statements and other sources of good bookkeeping. They are able to use bookkeeping techniques and models in their work independently and can assess them critically while working in a team to develop its work and team spirit.

Assessment criteria, good (3)

The students are able to interpret the legal theoretical framework of bookkeeping and financial statements. They are able to use bookkeeping techniques and models in their work independently while working to achieve common goals in groups and teams.

Assessment criteria, satisfactory (1)

The students are able to recognise the theoretical framework of bookkeeping and financial statements. They are able to use bookkeeping techniques and models in their work under supervision while being able to work as part of a group.

Assessment methods and criteria

Returnable assignments (both individual and group work) 50% of grade
Exam 50% of grade

Assessment criteria, fail (0)

- The student has achieved <50% of the maximum scores for the course
- The learning objectives of the course have not been achieved.

Assessment criteria, excellent (5)

- The student is able to interpret and apply the theory and legislation behind accounting
- The student independently prepares monthly accounts with accruals and related calculations
- The student has achieved 90% of the maximum number of credits for the course (exam + assignments to be returned)

Toteutuksen arviointikriteerit, hyvä (3-4)

- The student is able to interpret the theory and legislation behind bookkeeping
- The student independently prepares calculations related to monthly bookkeeping and related calculations
- The student participates in activities to achieve common goals in a group
- The student has achieved 70% - 89% of the maximum number of points for the course.

Assessment criteria, satisfactory (1)

- Students will identify the theory and legislation behind accounting
- Students will prepare monthly accounts and related calculations in a guided manner
- Students will participate in group activities
- Students will have achieved between 50% and 69% of the maximum marks for the course.

Prerequisites

University level / Higher Education: Introduction to Accounting (Double entry bookkeeping)

Objective

The student can make various business entries and prepare the financial statements. The student knows the contents of the financial statements. The student familiarises him/herself with accounting regulations

Execution methods

See course’s implementation plan

Accomplishment methods

Lessons and exercises
Exam or assignments

Content

Accounting and balancing the accounts
Financial statements
Accounting exercises
Accounting regulations

Qualifications

University level / Higher Education: Introduction to Accounting (Double entry bookkeeping)