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

Qualifications

Basics of Accounting 5 ects

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.

Materials

See current courseplan