Study Guide

Objective

Student
-understand the role of Accounting in a company
- know the basics of book-keeping
- understand the Finnish VAT system and ca do monthly reports
- has the practical skills needed to manage a company's accounting
- can interpret a small company's financial statements

Content

-concepts of Financial Accolunting
-the logic of accounting
-accruals
-adjustments
-Finnish VAT-system
-payroll administration
-financial statements
-analysis of a small business's financial operations
-IT solutions in business accounting

Qualifications

None

Assessment criteria, satisfactory (1)

Students understand the role of Accounting in a company and know the basics of book-keeping
Students understand the Finnish VAT system and know how this affect the financial management in the company
Students have basic knowledge of period closing and can do interpretations using available software

Assessment criteria, good (3)

Students understand the role of Accounting in a company and can independently do the book-keeping for a small company with domestic trade and easier payroll payments
Students can apply the Finnish VAT and do monthly reports for the company.
Students can do period closing for a smaller company and can describe the meaning of this. Student can use a book-keeping software.

Assessment criteria, excellent (5)

Students can explain the role of Accounting and the Accounting principles and can independently apply these on the financial management in a smaller company
Students can independently apply the Finnish VAT and do the accounting including all VAT reports.
Students can independently do period closing for a smaller company and are able to analyze annual reports using available software.

Materials

The Bookkeeping Act and Regulation
See current courseplan for more information