Financial AccountingLaajuus (5 cr)

Objective

The object of the course
In this course you familiarize yourself with the tasks and the meaning of financial accounting and the prerequisites of profitable business.

Course competences
Entrepreneurship, innovation and working community competence​
Business Competence
Profitability Competence
Responsibility Competence

The learning objectives of the course
In this course you learn the basics and processes of financial accounting, are able to take care of the most essential tasks of these processes given the closing of the accounts and the basics of financial statement analysis and taxation.

Content

The topics of the course include business know-how, the processes of a company (the management of customer, product and service registers, procurement and sales), the registrations of business transactioins, the basics of value-added and direct taxation, financial statements and financial statement and ratio anaysis.

Assessment criteria, satisfactory (1)

Adequate 1
You can name the financial accounting processes of a micro-company and are able to take care of the most essential tasks of these processes for example basic level bookkeeping entries. You can apply the information with guidance and with more detailed instructions. You take responsibility for your own work. .


Satisfactory 2
You can present the processes of a micro-company from the perspective of financial accounting and you identify the impact of business transactions on financial statements on a general level. You are able to follow the schedule.

Assessment criteria, good (3)

Good 3
You can outline the processes of a small company from the perspective of financial accounting and specify how the processes are based on practical doing. You take care of the essential tasks of these processes flawlessly. You know the impact of business transactions on financial statements as regards profitability, finance and solvency. You are able to follow the schedule.

Very good 4
You can evaluate the processes of a small company from the perspective of financial accounting and argue how bookkeeping and financial statements are drawn up from these processes. You can plan actions to improve profitability and know the basics of direct taxation and the elements affecting the finance and solvency of a company on a general level. You are able to follow the schedule.

Assessment criteria, excellent (5)

Excellent 5
You can plan the processes of a small company from the perspective of financial accounting and argue how bookkeeping and financial statements are drawn up from these processes. You can actively plan actions to impact direct taxation, probitability, finance and solvency of a company. You can guide others’ work. You are able to follow the schedule.