Study Guide

Objective

The student understands the importance of financial management in the acquisition process of a company. The student masters and understands the key content and tasks of external accounting as well as the principles of accounting in the purchasing process.

The student is able to search for and apply the information needed to prepare the accounts, understand the impact of the transactions and entries in the purchase process on the company's result and financial position.

The student understands the importance of VAT in the purchasing process and masters the preparation of a VAT return together with other functions of the purchasing process in the use of the ERP system.

The student's competence in contract law meets the needs of the purchasing process.

Content

- agreements
- VAT on supplies
- create a purchase invoice
- accounting/purchase postings
- automatic postings/purchase invoices
- fees
- automatic postings / payments
- VAT return
- control of VAT on purchases

Materials

material provided by lecturers

Teaching methods

lectures and exercises

Student workload

lectures and exercises 36 h
independent work 45 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 purchasing 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 purchasing processes of a business. The student is able to use an ERP system in the purchasing process.

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 purchasing 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 purchasing processes of a business. The student is able to use the ERP system in the purchasing process, taking into account VAT.

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 is able to use ERP systems in the day-to-day purchasing processes of a business. The student is able to use the Purchasing Module of the ERP system, taking VAT into account, and to 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 the purchasing process. The student outlines the effects of the company's transactions and entries on VAT, taking into account 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 is active in class and participates constructively in the classroom discussion. 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
Company financial management