Basics of AccountingLaajuus (5 cr)
Code: LT00DS03
Objective
The student will understand the terminology, legal duties, and methodology. The environment of financial accounting will be presented, and the student will be able to interpret and understand accounting information and financial statements. The course will provide a general understanding of financial accounting in business and the student will have the ability to choose courses from other areas of accounting.
Content
Basic terminology of financial accounting, entity of accounting period and financial reporting. Essential part of the course is practising. The focus will be on statutory reporting. Essential parts of the Bookkeeping Act and bookkeeping Decree will be familiarized.
Qualifications
none
Assessment criteria, satisfactory (1)
The student knows how to record VAT-free business transactions and knows the key accounting terms and the meaning of the Accounting Act.
Assessment criteria, good (3)
The student knows how to record business transactions with value-added tax and knows the importance of accounting in the company's operations can explain the meaning of the most important accounting terms and knows the requirements of the Accounting Act.
Assessment criteria, excellent (5)
The student knows how to record business transactions subject to value-added tax and knows the importance of accounting in the company's operations. The student knows the use and operation of financial statements and knows what is needed in accounting work and can explain their meaning. The student can interpret the content of reports produced by accounting.
Materials
Tomperi, S., (2023). Käytännön kirjanpito. Edita.
Enrollment
22.04.2024 - 14.09.2024
Timing
24.09.2024 - 18.12.2024
Credits
5 op
Virtual proportion (cr)
5 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Business Administration, Business Management
Teachers
- Juhani Palomäki
Scheduling groups
- Avoin AMK (Ei koske tutkinto-opiskelijaa) (Size: 5. Open UAS: 5.)
Student groups
-
MLITA24Bachelor of Business Administration, Business Management, Multimodal implementation
Education groups
- Open UAS (Doesn't apply to degree student)
Objective
The student will understand the terminology, legal duties, and methodology. The environment of financial accounting will be presented, and the student will be able to interpret and understand accounting information and financial statements. The course will provide a general understanding of financial accounting in business and the student will have the ability to choose courses from other areas of accounting.
Content
Basic terminology of financial accounting, entity of accounting period and financial reporting. Essential part of the course is practising. The focus will be on statutory reporting. Essential parts of the Bookkeeping Act and bookkeeping Decree will be familiarized.
Materials
Tomperi, S., (2023). Käytännön kirjanpito. Edita.
Lecture material provided by lecturer
Teaching methods
Online lectures / Teams
Student workload
Online lectures 25 h
Independent work 110 h
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student knows how to record VAT-free business transactions and knows the key accounting terms and the meaning of the Accounting Act.
Assessment criteria, good (3)
The student knows how to record business transactions with value-added tax and knows the importance of accounting in the company's operations can explain the meaning of the most important accounting terms and knows the requirements of the Accounting Act.
Assessment criteria, excellent (5)
The student knows how to record business transactions subject to value-added tax and knows the importance of accounting in the company's operations. The student knows the use and operation of financial statements and knows what is needed in accounting work and can explain their meaning. The student can interpret the content of reports produced by accounting.
Assessment methods and criteria
Exam
Qualifications
none