Basics of Business AccountingLaajuus (5 cr)

Objective

After studying these units student will be able to:explain the meanings of key business termsclassify business transactions into operating, investing, and financing activitiesrecord business transactions in an accounting systemprepare the P/L and B/S statements at the end of a financial periodVATrecognise the factors having an impact on profitabilityprepare the most common profitability calculations

Content

tasks and types of accountingbook keeping rulesclosing financesVATprofitability, liquidity, solidity, key figurespricingbudgeting

Assessment criteria, good (3)

Excellent (5), Good (4-3), Satisfactory (2-1), Fail (0)