Study Guide

Objective

The student:
-is familiar with the overall purpose of financial management
-is familiar with the most important legislation regarding accounting and financial management
-knows the meaning of good accounting ethics
-is familiar with the basics of single-entry and double-entry bookkeeping
-is familiar with different types of taxing
-is familiar with the requirements for tax accounting and tax declaration
-is familiar with risk management in companies
-can draw up an appropriate budget for a business

Content

Basics of accounting according to the Accounting Act and current tax laws:
- Ethics of Accounting
- Basics of double-entry accounting
- Notification and payment of VAT, employer performance and statutory insurance
- The financial statements (balance sheet and profit and loss statement) related to income taxation
Fundamentals of financial management for small businesses
- The purpose of financial management
- The most important methods and tools of financial control
- Cost and revenue analyzes taking into account sustainability, profitability and efficiency
- Important financial indicators
- Risks in business operations
- Exercise in budgeting and calculation
The course is based on several of the global sustainability goals, mainly the goal of decent work and economic growth

Qualifications

No prerequisites

Assessment criteria, satisfactory (1)

Students fulfill the objectives of the course, and in the relevant course-making compulsory elements, at a satisfactory level.

Assessment criteria, good (3)

Students fulfill the objectives of the course, and in the relevant course-making compulsory elements, at a good level.

Assessment criteria, excellent (5)

Students fulfill the objectives of the course, and in the relevant course-making compulsory elements, at a excellent level.

Materials

To be announced in Moodle