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Basics of Financial AccountingLaajuus (5 cr)

Code: FE21FLFO02

Credits

5 op

Objective

The student:
- is aware of the statutory requirements for accounting and financial statements
- knows how to post basic financial transactions
- knows basic accounting reports and can use them
- knows the structure of financial statements

Content

- basic concepts in financial accounting
- basic accruals; inventory change, depreciation
- using an accounting system
- handling of VAT in accounting
- journal, ledger, income statement, balance sheet

Qualifications

none