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

Location and time

VT2022 Jakobstad

Materials

Tomperi Soile: Bokföring i praktiken, 2013: theory book and exercise book ( later version of the book)
The Accounting Act and the Regulation
Other material instructed by the teacher

Teaching methods

- lectures and practical exercises

Exam schedules

2 exams based on course planning. The re-examination on the dates set for the institution.

Student workload

60 h close-up studies
75 h exercises, project work, tent reading, reflection

Content scheduling

Part 1: - Basic concepts in business accounting
accounting logic and rules
-period of acquisition costs
Part 2: Value-added tax on trade in Finland
- salaries and payroll
financial statements and financial statements
-interpretation and analysis of a small business's financial operations
Part 3: -it solutions in business accounting
In English

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.

Assessment methods and criteria

Examination and submission work, all parts should be approved

Assessment criteria, fail (0)

The criteria for 1-2 are not met

Assessment criteria, satisfactory (1-2)

Students understand the task of accounting in the company and know basic accounting principles
Students understand the basic principles of the Finnish VAT system and how it affects the preparation of the business account
Students have basic knowledge of the financial statements and can make simple interpretations of this with the help of available software.

Assessment criteria, good (3-4)

Students understand the task of accounting in the company well and can independently book for a smaller company with domestic trade and simpler payouts.
Students can apply the Finnish VAT system and make monthly reports
Students can prepare a financial statement for a smaller company and can describe its content and significance. Students master a bookkeeping program.

Assessment criteria, excellent (5)

Students can describe the task of accounting and accounting principles and can apply these independently in the financial management of a small business.
Students can independently apply the Finnish VAT system and prepare the business report so that all requirements are met
Students can independently prepare a financial statement and interpret and analyze this using available tools.

Qualifications

None