Financial accounting (5 cr)

Objective

You demonstrate that you are familiar with the basics of enterprise finances and financial accounting.
You can record basic business transactions in bookkeeping and financial statements.
You are able to analyse and interpret the financial statements and ratios of a small company.
You are able to explain the basic principles of value added taxation and business taxation in different forms of business.
You know how to work responsibly and consider legislation and professional ethics in the accounting field.

Content

What is the role of financial accounting in business operations?
How to apply the accounting cycle process?
How to analyse and interpret financial statements in small companies?
What are the basic principles of value added taxation and business taxation?
How to take into account value added taxation in the accounting cycle and reporting?
How to work responsibly and consider professional ethics in the accounting field?

Course material

The student is required to study the following literature/The following literature is used in the course
• Bauer, L., & Trudgill, P. (Eds.). 1998. Language myths. London: Penguin.
• Jenkins, J., 2003. World Englishes. A resource book for students. London: Routledge.
• Plag, I., Braun, M., Lappe, S., & Schramm, M. 2009. Introduction to English linguistics (2nd ed.). Berlin: Mouton de Guyter.
Other study materials are provided by the teacher in class or via the Learn platform.

Study forms and methods

• The course is carried out by way of contact teaching on XX campus according to a weekly schedule. Remote participation is not possible. As a rule, scheduled contact lessons are not recorded nor duplicated by online lectures. Some lesson activities are carried out in a laboratory/simulation environment. Participation in simulation exercises/oral exercises/company visits is mandatory.
• Students make progress by attending scheduled lessons and completing tasks and assignments individually or in groups. The course consists of [insert number here] lessons and individual and small-group assignments. In addition, a project assignment/practical exercise/simulation exercise/demonstration of competence must be completed.
• The teacher provides guidance during and after contact lessons and …
• The assessed assignments are completed independently/in groups/in pairs.
• Feedback is provided by different methods, in writing and/or orally. Also, peer feedback can be used.
• The course consists of two parts which are separately assessed: xxxx 3 credits and xxxx 2 credits. More detailed information available below in section “Course part description”.

RDI and work-related cooperation

Guest lectures will be given by representatives from the world of work.
Company visits are made and/or simulation exercises are performed.
The assignments are based on the needs of operators in the field.
A project assignment is completed in groups. (Describe in more detail)
Assignments can be completed with reference to tasks given by one’s employer or in connection to developing a product.

Timing of exams and assignments

An assignment must be completed at the end of each section of the course. An exam must be taken in the last scheduled lesson. / At the end of the course, an exam must be taken on campus via the Exam system. / There is no exam in this course.

The course entails weekly assignments. A project assignment must be completed in a small group by the end of the course.

The end date of the course is presented in the course details. By this date, the student must submit all assignments, take the required exams and meet all other conditions set for an approved course completion.

Student workload

• 1 ECTS credits equals 27 hours of work by the student.
• In a 5-credit course, the student's total maximum workload is approximately 135 hours including lessons, group work and independent study.

Course part description

Describe here the parts of the course implementation that are stated on Peppi and their relative share of the whole. Also, describe the completion method of each part, especially if the methods differ.

Further information

Present here information that is useful for students and is not stated in other sections.

Evaluation scale

1-5

Assessment methods and criteria

The student’s performance is assessed with reference to the learning objectives and assessment criteria of the course. The completion of the course requires X and Y to be completed with a passing grade.

State the scale above: 1–5 or pass/fail.