Accounting and financial statementLaajuus (5 cr)

Objective

You demonstrate familiarity with the basic concepts of bookkeeping, financial statements, and value-added taxation (VAT).
You can prepare bookkeeping and financial statements for an SME in compliance with legislation, utilising bookkeeping software.
You can interpret the statutory reports generated from your bookkeeping.

Content

What are the key concepts of bookkeeping, financial statements, and VAT?
How do you prepare bookkeeping and financial statements for an SME in compliance with legislation and using bookkeeping software?
What are the statutory reports in bookkeeping?

Evaluation

Students can
a. systematically use professional terminology related to bookkeeping, accounting and value-added taxation. c. identify interrelated tasks.  
e. use the key methods and software when applying accounting cycle. 
g. apply critically the ethical principles of the professional field 

Qualifications

You can record basic business transactions in bookkeeping and financial statements.
You are able to explain the basic principles of value added taxation and business taxation in different forms of business.