Advanced cases in accountingLaajuus (5 cr)

Objective

You know how to record various accrual and tax planning transactions and assess their impact on the company's financial results.
You know how to calculate and record special cases in value-added tax (VAT) accounting.
You know how to record changes in the equity of a limited liability company in the bookkeeping.

Content

How are VAT entries handled, for example, in international trade, the trade of used goods, and construction services?
How are various accrual and tax planning transactions recorded, and how do they affect a company’s financial results?
How are changes in the equity of a limited liability company recorded in the bookkeeping?
What are the general guidelines and statements of the Accounting Board (KILA)?

Qualifications

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.

Evaluation

Students can
a. use professional vocabulary and concepts in an expert way in different situations.
b. assess information sources critically.
e. choose appropriate models, methods, software and techniques according to the purpose and justify these choices.
g. apply critically the ethical principles of the professional field in different situations.