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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-V
    Tradenom (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