Practical Bookkeeping (3cr)

Evaluation scale

Passed/failed

Objective

Students learn financial accounting in practice. Student's financial material and financial information literacy develops. Students consists a general picture of the financial accounting, bookkeeping and financial management. Students become familiar with controlling law and accounting rules and their application. Students will be familiar dealing with the bookkeeping material, computer's operating accounts and accounting reports. The student is able to keep contact with the customer and understands the meaning of keeping contacts and customer service. The student is able to prepare and present a report to the customer on the work the student has done in a manner the customer wishes.

Content

Financial management of companies, handling the bookkeeping material (authentic material), financial statements and report

Materials

- Bookkeeping Act, Bookkeeping Decree
- Bookkeeping material (authentic)
- Associations Law
- General Instructions of Accounting Board
- material provided by the teacher

Teaching methods

Lectures and guided exercises, independent work.

Exam schedules

No exam

Student workload

Lectures and guided exercises 30 h and independent work 51 h

Assessment criteria, approved/failed

Pass: The student masters the practical implementation of financial accounting and bookkeeping in particular. The student develops his/her reading skills of financial material and economic information. The student has an overview of the external accounting, bookkeeping and financial management of the target organization. The student knows the legislation regulating bookkeeping and its application. The student knows how to handle accounting material, pursue good practices of accounting, use accounting software, and interpret accounting reports.

The student carries out the course tasks actively, independently and in time.

Qualifications

Basics of Accounting and Expert on Financial Accounting