Study Guide

Objective

The student is able to apply the essential accounting and accounting provisions can understand the process of preparation of financial statements and how various aspects affect the content of financial statements. The student is able to analyze accounting and financial statements as a description of the company's operations and can name and identify many tasks of external accounting. The student is able to identify possible transactions and documents related to bookkeeping and financial statements.

The student is able to prepare financial statements and annual report based on accounting. The student can analyze specific issues related to the equity of a limited liability company and to evaluate and analyze the equity status of a company based on the information provided. The student is able to use various relevant information sources for problem-solving. The student knows the basic principles of integrated reporting.

The student is able to read and analyze English articles in his / her field. The student is also able to search for information using English sources and knows the most important international sources of information and influential organizations in his / her field.

The student can use the technology needed in the accounting and accounting processes, the student is able to solve the problems related to the processes, analyze the information, and make suggestions for improving the results of the business operations. The student understands the importance of information availability, usability, integrity, and security. Students will be able to gather, edit, and analyze information to increase understanding, improve forecasts, and support decision-making. The student understands the importance of right, excellent quality information in corporate decision-making and corporate reputation.

The student also knows the key provisions of the company's responsibility reporting.

Content

- accruals
- valuation issues in the financial statements
- parts of the financial statements (balance sheet, income statement, notes, cash flow statement)
- balance sheet breakdowns, annual report
- the link between taxation and accounting
- financial reporting
- responsibility reporting
- limited liability company's equity and distribution of assets
- reconciliations and archiving for the financial year

Qualifications

Sales process, Purchase process, Company administration processes 1 and 2, Payroll processes 1 and 2

Assessment criteria, satisfactory (1)

The student can apply 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 explains how different business transactions and documents affect the content of the financial statements. The student can give a simple analysis of 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 financial accounting. The student can recognize the core business transactions and documents connected with financial accounting and the preparation of financial statements.

The student can prepare the financial statements (balance sheet, income statement, statement of cash flows, notes to the financial statements) and the board of directors' report. The student can analyze the principal questions regarding shareholders' equity in a corporation and can estimate and analyze the state of equity. The student can use various sources of information to solve problems.
The student can read and analyze articles written in English. The student can find information from sources in English and knows the major international sources of information and organizations in the field.

The student participates in classwork and participates in class discussions. The student contributes to group work and is an encouraging member of the group.

Assessment criteria, good (3)

The student can apply applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements, and explains 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 can name and recognize many tasks of financial accounting. 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, income statement, statement of cash flows, notes to the financial statements) and the board of directors' report. The student can analyze the principal questions regarding shareholders' equity in a corporation and can estimate and analyze the state of equity. The student can use valid sources of information to solve problems.
The student can read and analyze articles written in English. The student can find information from sources in English and knows the major international sources of information and organizations in the field.

As a rule, the student actively participates in classwork and most of the time participates constructively in class discussions. The student actively contributes to the group work being done and is an encouraging member of the group.

Assessment criteria, excellent (5)

The student can apply applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explains 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 can name and recognize many tasks of financial accounting. 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, income statement, statement of cash flows, notes to the financial statements) and the board of directors report. The student can analyze questions regarding shareholders' equity in a corporation and can estimate and analyze the state of equity. The student can use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student can find information from sources in English and knows the major international sources of information and organizations in the field.

The student actively participates in classwork and participates constructively in class discussions. The student actively contributes to the group work being done and is an encouraging member of the group.