Study Guide

Objective

Student
-knows the different business forms and can explain them from an accounting point of view
-can take care of the financial accounting for private traders, partnerships, limited liability companies, non-profit organizations and other business structures.
-can carry out transactions regarding a certain corporate form, e.g. share issues, dividends, liquidation
-knows the procedure when changing the business structure
-knows the difference between accounting in private and public sector

Content

-accruals
-issues of equity, dividends, funds
-period end closing in different company forms
-financial management in public sector
-IT solutions for bokk-keeping in different company forms

Location and time

Spring 2023, Vasa

Materials

Tomperi, Soile: Bokföring i praktiken nyaste versionen, chapter 8 + training book
Bokslutsmodell för aktiebolag, CGR-föreningen, 2016, Chapter 1 (not 1.4), 2 and 5.
Kommunekonomin - Nyckeln till ekonomisk planering. Kommunförbundet 2013. All other chapters but not chapter 6.

Including instructions on Moodle from the teacher.
Lectures according to Tomperi, Soile (2019 or later): Kehittyvä kirjanpitotaito chapters 3-7.

Teaching methods

Online lectures
Exercises in different forms

Employer connections

Guest lectures

Exam schedules

To be agreed with students at the beginning of the course.

Official re-examination dates 2023.
Exam 1:
To be agreed with students at the beginning of the course.
Exam 2:
To be agreed with students at the beginning of the course.

Completion alternatives

Two exams
Exercises
Assignments

To pass the course the students have to pass exams as well as the assignments.

Student workload

In total 135 working hours.
52 h education with lectures, exercises and exams
19 h preparations for lectures
34 h assignments
30 h preparations for exams

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Student knows the different business forms and can explain them from an accounting point of view
Student understands the meaning of accruals and can do the final accounts for a smaller Finnish company.
Student knows the procedure when changing the business structure.

Assessment criteria, good (3)

Student can take care of the financial accounting for private traders, partnerships, limited liability companies, non-profit organizations and other business structures.
Student can perform accruals and the financial planning for different organizations taking the Finnish tax laws into account.
Student can explain the procedure when changing the business structure from a administrational and commercial point of view.

Assessment criteria, excellent (5)

Student can independently take care of the financial accounting for private traders, partnerships, limited liability companies, non-profit organizations and other business structures.
Student can independently perform accruals and the financial planning for different organizations taking the Finnish tax laws into account.
Student can perform change of the business structure and explain in which situations the different business forms are suitable.

Assessment methods and criteria

Assessment is based on exam and assignments.

Assessment criteria, fail (0)

The criteria for grade 1-2 are not met.

Assessment criteria, satisfactory (1-2)

Students can distinguish between different types of company forms and understand similarities and differences in accounting and financial statements between them.

Students understand the meaning of accruals and can prepare simpler financial statements for smaller companies in Finland.

Students are familiar with the procedure of changing company form.

Assessment criteria, good (3-4)

Students can handle accounting and prepare financial statements for sole proprietors, partnerships, limited liability companies, cooperatives, non-profit organizations, and other business forms. They should also be familiar with the characteristics that characterize public financial management.

Students can perform simpler accruals and the financial planning for different company forms with the application of current Finnish legislation.

Students can describe the procedure for changing company form both from an administrative and business perspective.

Assessment criteria, excellent (5)

Students can independently handle accounting and prepare financial statements for sole proprietors, partnerships, limited liability companies, cooperatives, non-profit organizations, and other business forms. They should also be very familiar with the characteristics that characterize public financial management.

Students can independently perform accruals and the financial planning for different company forms with the application of current Finnish legislation.

Students can carry out a change of company form and argue for when the various company forms are suitable from an administrative and business perspective.

Qualifications

Basics of Accounting 5 ects