Curricula

Objective

After completing the course, you will be able to:
Describe the financial objectives of a company and identify basic financial concepts
Explain the importance of financial management in business operations, expert work, and stakeholder communication
Make basic bookkeeping and financial statement entries, including those involving value-added tax (VAT)
Recognize the impact of business transactions on the income statement and balance sheet, and explain the contents of the financial statements
Interpret the official financial statements of a small company at a general level and identify key aspects of the company’s financial situation
Describe the basics of VAT and direct taxation
Identify the main differences in business income taxation between a limited company and a sole proprietorship

Competencies
Operating in a workplace

Content

Financial objectives and basic concepts of a company – profitability, capital structure, cash sufficiency
The importance of financial management in business operations, expert work, and stakeholder communication
Basic concepts of bookkeeping, the logic of double-entry bookkeeping, formation of the financial year’s result, depreciation
Content and structure of the income statement and balance sheet, and the connection of business transactions to financial statements
Familiarization with official financial statements, interpretation of the income statement and balance sheet
Basic idea of VAT and VAT in bookkeeping
Basics of business taxation
Main differences in business income taxation between a limited company and a sole proprietorship