Study Guide

Objective

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain 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 is able to name and recognize many tasks of the financial accounting. The student is able to recognize business transactions and documents connected with financial accounting and the preparation of financial statements.

Content

Basics of bookkeeping
- the basics for VAT
- double-entry bookkeeping with VAT
- the basics of business taxation
- financial statements
Basics of budgeting

Materials

Provided by the lecturer in Moodle

Teaching methods

Lectures and exercises

Student workload

Lectures and exercises 81 hrs.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is capable of applying 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 explain how different business transactions and documents affect the content of the financial statements. The student is able to give a simple analysis on 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 the financial accounting and budgeting.The student is able to prepare the financial statements (balance sheet and income statement) The student is able to read and analyze articles written in English.

Assessment criteria, good (3)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain 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 is able to name and recognize many tasks of the financial accounting and budgeting. 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 and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English.

Assessment criteria, excellent (5)

The student is capable of applying applicable regulation of financial accounting when recording transactions and preparing financial statements, is able to outline the process of preparing financial statements and explain 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 is able to name and recognize many tasks of the financial accounting and budgeting. 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 and income statement) The student is able to use valid sources of information to solve problems.
The student is able to read and analyze articles written in English. The student is able to find information from sources in English and knows the major international sources of information and organizations of the field.

Assessment methods and criteria

Exercices and exam 50/50.

Qualifications

No prerequisites