Study Guide

Objective

The student understands the importance of financial management in the company's sales process. The student is able to explain the main content of the company's external accounting and tasks related to the sales process and the student is able to apply the basic principles of accounting in the process. The student is able to search for information on the most important sources of information related to contracts and accounting and is able to apply the information he/she finds.

The student is able to outline and identify how business transactions and entries related to the company's sales process affect the company's result and financial position, taking into account VAT. The student is able to use digital ERP systems in the sales process, especially from the point of view of financial management. The student is able to handle VAT in the sales process.

Content

- VAT on sales
- Creating a sales invoice
- Accounting / sales postings
- Automatic postings / sales invoices
- Payments to receivables
- Automatic postings / executions
- VAT return
- Controlling sales VAT information
- Debt collection / credit losses

Materials

material provided by lecturers

Teaching methods

-lectures and exercises

Student workload

lectures and exercises 72 h
independent work 90 h

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to explain the main content and tasks of the company's external accounting. The student is able to apply the basic principles of accounting in connection with the sales process. The student is able to search for information from the given sources of information related to the preparation of accounting.

The student knows what is meant by a company's ERP system and how ERP systems are used in the day-to-day sales processes of a business. The student is able to use the sales module of the ERP system.
The student is able to outline how business transactions and entries related to the sale of a company affect the company's results and financial position. The student knows the key vocabulary of the field in English and is able to read articles in English in their field.

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

Assessment criteria, good (3)

The student is able to explain the main content and tasks of the company's external accounting. The student is able to apply the basic principles of accounting in connection with the sales process. The student is able to outline how the company's business transactions and entries, taking into account VAT, affect the company's results and financial position. The student is able to search for information from the given sources of information related to the preparation of accounting and is able to apply the information he or she finds in the main parts.

The student knows what is meant by a company's ERP system and how ERP systems are used in the day-to-day sales processes of a business. The student is able to use the sales module of the ERP system, taking VAT into account.

The student knows the key vocabulary of the field in English and is able to read articles in English in their field. The student is able to explain the international aspect related to external accounting and the impact of foreign accounting practices on our own accounting practices.

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

Assessment criteria, excellent (5)

The student knows what is meant by a company's ERP system and how ERP systems are used in the day-to-day sales processes of a business. The student is able to use the sales module of the ERP system, taking VAT into account, and direct VAT information to the VAT return.

The student is able to explain the main content and tasks of the company's external accounting. The student is able to apply the basic principles of accounting in connection with the sales process. The student is able to outline how the company's business transactions and entries, taking into account VAT, affect the company's results and financial position. The student is able to search for information from the given sources of information related to the preparation of accounting and is able to apply the information he/she finds in sales processes.

The student is able to outline and identify how the company's business transactions and entries affect the company's results and financial position and is able to form a picture of the company's financial position on the basis of income statement and balance sheet information. The student is able to utilize the company's financial information in decision-making. The student is able to explain the connection between company accounting and taxation.

The student knows the key vocabulary in the field in English and is able to read articles in English in their field. The student is able to explain the international aspect related to external accounting and the impact of foreign accounting practices on our own accounting practices.

The student actively participates in classwork and participates constructively in class discussions. The student makes an active contribution to the group work and is an encouraging member of the group.

Assessment methods and criteria

exam 100 %

Qualifications

Accounting 1 and 2, Corporate Finance