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Financial management and accountingLaajuus (6 cr)

Code: BE22FE10

Credits

6 op

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

Enrollment

15.06.2024 - 27.10.2024

Timing

28.10.2024 - 28.02.2025

Number of ECTS credits allocated

6 op

Mode of delivery

Contact teaching

Unit

Faculty of Bioeconomy

Teaching languages
  • Svenska
Degree programmes
  • Degree Programme in bioeconomy
Teachers
  • Veronika Bäckman
Groups
  • BE23DS-E
    Skogsbruksingenjör (YH), h23, Bioekonomi, dagstudier
  • BE23DA-E
    Agrolog (YH), h23, Bioekonomi, dagstudier

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

Evaluation scale

H-5

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.

Qualifications

No prerequisites

Enrollment

15.06.2024 - 03.11.2024

Timing

28.10.2024 - 02.03.2025

Number of ECTS credits allocated

6 op

Mode of delivery

Contact teaching

Unit

Faculty of Bioeconomy

Teaching languages
  • Svenska
Degree programmes
  • Degree Programme in bioeconomy
Teachers
  • Christel Holmlund-Norrén
  • Veronika Bäckman
Groups
  • ÖH23FLEX-BES
    Öppna YH, Flexibelt till skogsbruksingenjör
  • ÖH24BEA-FLEX-V
    Öppna YH, Flexibelt till agrolog
  • ÖH24BES-FLEX-V
    Öppna YH, Flexmodul Skogsbruksingenjör, Vasa
  • ÖH23FLEX-BEA
    Öppna YH, Flexibelt till agrolog

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

Evaluation scale

H-5

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.

Qualifications

No prerequisites

Enrollment

23.09.2023 - 22.10.2023

Timing

23.10.2023 - 23.02.2024

Number of ECTS credits allocated

6 op

Mode of delivery

Contact teaching

Unit

Faculty of Bioeconomy

Teaching languages
  • Svenska
Degree programmes
  • Degree Programme in bioeconomy
Teachers
  • Veronika Bäckman
  • Veronika Bäckman
Teacher in charge

Veronika Bäckman

Groups
  • ÖH22BEA-LED
    Öppna YH, AgrologLed, Raseborg
  • BE22DA-E
    Agrolog (YH), h22, Bioekonomi, dagstudier
  • BE22DS-E
    Skogsbruksingenjör (YH), h22, Bioekonomi, dagstudier

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

Evaluation scale

H-5

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.

Qualifications

No prerequisites