Basics of Accounting (5 cr)
Code: FEV18AF102-3004
General information
Enrollment
15.11.2020 - 17.01.2021
Timing
04.01.2021 - 28.02.2021
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business
Campus
Vasa, Wolffskavägen 33
Teaching languages
- Svenska
Degree programmes
- Degree Programme in Business Administration
Teachers
- Anna-Lena Berglund
Teacher in charge
Anna-Lena Berglund
Scheduling groups
- Group A (Size: 30. Open UAS: 0.)
- Group B (Size: 30. Open UAS: 0.)
Groups
-
FEK20D-VTradenom (YH), h20, dagstudier, Vasa
Small groups
- Group A
- Group B
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
Evaluation scale
H-5
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.
Qualifications
None