Study Guide

Objective

The student
Knows what good accounting ethics means
Can perform basic accounting and track the cash flow of natural resources
Knows the requirements for tax accounting
Is aware of the obligations to report and pay VAT, employer contributions and statuary insurance
Can evaluate the company´s financial statements (balance sheet and income statement) and assess the need for changes in business strategy
Knows the overall purpose of financial management
Can perform and evaluate various cost and revenue analyse taking into account sustainability, profitability and efficiency
Understands the importance of using key figures in evaluating a business
Can make an appropriate budget for a business

Content

Fundamentals of accounting in accordance with the Accounting Act and applicable 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 with business operations
- Exercise in budgeting and calculation

Evaluation scale

H-5

Qualifications

No previous knowledge is required