Study Guide

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.

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.

Materials

Soile Tomperi: Käytännön kirjanpito, Edita Oppiminen Oy
Edition: 24. rev. ed. Published: 2016
Language: Suomi
Series: Business
(to be confirmed)

Teaching methods

Lectures
Exercises
Tasks to be returned
2 exams

Exam schedules

According to separate schedule. Will be updated later.

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

Content scheduling

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

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

Evaluation scale

0 - 5

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

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, 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 methods and criteria

Exams 50% of the grade
Tasks to be returned (in Reppu) 50% of the grade

Assessment criteria, fail (0)

- The student has not achieved the learning objectives (<50% of the total course points).

Assessment criteria, excellent (5)

- The student is able to interpret and apply the theory behind the principles of financial management
- The student independently prepares demanding calculations related to financial planning and management
- The student has achieved 90% of the maximum number of credits for the course
(exams + assignments to be returned).

Toteutuksen arviointikriteerit, hyvä (3-4)

- The student is able to interpret the theory behind the basics of financial management
- The student independently prepares calculations related to financial planning and management
- The student participates in activities to achieve common objectives in a group
- The student has achieved 70% - 89% of the maximum marks for the course.

Assessment criteria, satisfactory (1)

- Students will identify the theory behind financial management calculations and reports
- Students will prepare financial planning and management calculations in a guided manner
- Students will participate in group activities
- Students will have achieved 50% - 69% of the maximum marks for the course.