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Basics of AccountingLaajuus (3 cr)

Code: IB00CX46

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Qualifications

No prerequisites

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Enrollment

02.09.2024 - 15.09.2024

Timing

04.11.2024 - 18.12.2024

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Student groups
  • IB24A
    Bachelor of Business Administration, International Business

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Materials

Provided by the lecturer in Moodle

Teaching methods

Lectures and exercises

Student workload

Lectures and exercises 81 hrs.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Assessment methods and criteria

Exercices and exam 50/50.

Qualifications

No prerequisites

Enrollment

02.09.2024 - 09.10.2024

Timing

04.11.2024 - 18.12.2024

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Scheduling groups
  • Avoin AMK (Ei koske tutkinto-opiskelijaa) (Size: 10. Open UAS: 10.)
Student groups
  • IB24B
    Bachelor of Business Administration, International Business
Education groups
  • Open UAS (Doesn't apply to degree student)

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Materials

Provided by the lecturer in Moodle

Teaching methods

Lectures and exercises

Student workload

Lectures and exercises 81 hrs.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Assessment methods and criteria

Exercices and exam 50/50.

Qualifications

No prerequisites

Enrollment

04.09.2023 - 11.10.2023

Timing

23.10.2023 - 11.02.2024

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Student groups
  • IB23A
    Bachelor of Business Administration, International Business

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Qualifications

No prerequisites

Enrollment

04.09.2023 - 11.10.2023

Timing

23.10.2023 - 11.02.2024

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Student groups
  • IB23B
    Bachelor of Business Administration, International Business

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Qualifications

No prerequisites

Enrollment

16.04.2022 - 07.09.2022

Timing

07.11.2022 - 18.12.2022

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Student groups
  • IB22A

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Qualifications

No prerequisites

Enrollment

16.04.2022 - 07.09.2022

Timing

07.11.2022 - 18.12.2022

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Student groups
  • IB22C

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Qualifications

No prerequisites

Enrollment

16.04.2022 - 07.09.2022

Timing

07.11.2022 - 18.12.2022

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Student groups
  • IB22B

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Qualifications

No prerequisites

Enrollment

30.08.2021 - 30.09.2021

Timing

01.11.2021 - 13.02.2022

Credits

3 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Viljo Arohonka
Scheduling groups
  • Pienryhmä 1 (Size: 1. Open UAS: 0.)
  • Pienryhmä 2 (Size: 1. Open UAS: 0.)
Student groups
  • IB21
Education groups
  • Pienryhmä 1
  • Pienryhmä 2

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying the most common regulations of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize the most common tasks of the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain how different business transactions and documents affect the content of the financial statements. The student is able to analyze the accounts and the financial statements, which present a company in financial terms, and is able to name and recognize many tasks of the financial accounting and budgeting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

The student is able to prepare the financial statements (balance sheet and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Qualifications

No prerequisites