Introduction to Accounting (5cr)

Evaluation scale

0 - 5

Content scheduling

Basics of financial management
External accounting
- Basics of accounting
- Financial statements
- Key legislation

Internal accounting
- Cost accounting
- Profitability calculation
- Budgeting
- Investment planning

Objective

Students will be aware of the significance of bookkeeping and accounting as a part of entrepreneurial activities. They will know the basic principles of compiling accounts and financial statements. Additionally they will be able to assess a company's financial situation based on the profit and loss statement and balance sheet as well as understanding the significance of the financial statement as the basis of corporate taxation.

Execution methods

See course’s implementation plan.

Accomplishment methods

The course consists of lessons, exercises and independent assignments. See more detailed information implementation plan.
Exam or assignments.

Content

Accounting as a part of business operations
Double-entry bookkeeping
Financial statement structure
ADP bookkeeping
The basics of VAT and company taxation
Introduction to financial statement analysis

Location and time

Classroom teaching according to schedule.
Investment lectures according to schedule (Tulta-project).

Materials

Soile Tomperi: Käytännön kirjanpito, Edita Oppiminen Oy
Edition: 24. rev. ed. Published: 2016
Language: Finnish
Series: Business

Teaching methods

Lectures
Exercises
Tasks to be returned as scheduled

Exam schedules

Course is assessed by returnable excercises.

Student workload

Student's workload 135 h = 5 cr
of which in classroom teaching 49,5 h
and student's independent work 85,5 h

Assessment criteria, satisfactory (1)

The student recognizes the significance of accounting and financial statements in economic follow-up
The student knows the basic principles of accounting and financial statements and can calculate financial ratios

Assessment criteria, good (3)

The student
knows the basic priciples of accounting and financial statements
can interpret financial ratios and prepare financial statements
can use accounting technics independently

Assessment criteria, excellent (5)

The student
knows the basic principles of accounting and financial statements
can interpret and draw conclusions on financial statements using financial ratios
can use accounting technics independently and judge them critically

Further information

Reppu easy enrollment code augp7n
Note! Sign up for the course in Pakki before you do the enrollment in Reppu!
Attendance requirement min. 70% in classroom teaching.