Study Guide

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Lectures
Exercises
Assignments
Online exam

Timing and attendance

Contact lessons 9.9.-8.12.2024. Participation is not mandatory but highly recommended.
Online exam week 50 (9.12.-13.12.2024).

Learning material and recommended literature

Course slides and exercises are provided by the teacher in Moodle.

Working life cooperation

Possibly a visiting lecturer from local business.

Exam retakes

Exam retake possible in week 51. Second exam retake in January 2025.

Learning environment

Course materials are provided in Moodle. Lectures are contact lectures on campus.

Student time use and work load

One ECTS equals 27 hours of study, in total 135 h of student's time.

Contents

Accounting obligation
Double entry bookkeeping
Treatment of stock and fixed assets
Financial statements
Financial ratios
Principles of value-added tax

Additional information for students: previous knowledge etc.

Not required

Assessment criteria

Exam will be evaluated on scale 1 to 5.
Assignments will be evaluated pass/fail.
Course grade is based on the exam results. In addition, assignments have to be completed.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting.

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting.

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements.

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios.

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Lectures
Exercises
Case study assignment
Two exams

Timing and attendance

Contact lessons, participation highly recommended.

Learning material and recommended literature

Course slides and exercises are provided by the teacher in Moodle.
A case study connected to Economics, International Business Law, and Logistics and Supply Chain Management courses, is used on the course. It is strongly recommended to enroll on all four courses.

Working life cooperation

Visiting lecturer from local business, visitors during International Week (week 7)

Exam retakes

Exam retakes possible in May.

Learning environment

Moodle

Student time use and work load

One ECTS equals 27 hours of study, in total 135 h of student's time.

Contents

Accounting obligation
Double entry bookkeeping
Treatment of stock and fixed assets
Financial statements
Financial ratios
Principles of value-added tax

Additional information for students: previous knowledge etc.

Not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5.
Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass/fail
Course grade is based on the exam results. In addition, case study assignment has to be completed.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting.

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting.

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements.

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios.

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Contact lessons 3 h/week
Exercises
Mandatory individual assignments (2)
Two exams

Timing and attendance

Contact lessons 3 h/week. Active (attendance) participation in lessons required. Eighty (80 %) attendance required.

Learning material and recommended literature

Course slides, exercises and other material provided by the teacher at Moodle

Alternative completion methods

The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning

Working life cooperation

Compulsory guest lecture

Exam retakes

Students who have failed will have an opportunity to do re-take the exam at the end of the semester.

Learning environment

Campus
Moodle
Home

Student time use and work load

One ECTS equals 27 hours of study.

Contents

Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios

Additional information for students: previous knowledge etc.

Prior knowledge of the subject is not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting at all

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Assessment scale

1-5

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Contact lessons 3 h/week
Exercises
Mandatory individual assignments
Two exams

The course will be conducted as a contact teaching in the campus. Lessons are not recorded and therefore online participation is not possible.

Timing and attendance

Contact lessons 3 h/week, participation highly recommended

Learning material and recommended literature

Course slides, exercises and other material provided by the teacher at Moodle

Alternative completion methods

The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning

Exam retakes

Re-examinations are agreed separately at the end of the course

Learning environment

Campus
Moodle
Home

Student time use and work load

One ECTS equals 27 hours of study.

Contents

Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios

Additional information for students: previous knowledge etc.

Prior knowledge of the subject is not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting at all

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Assessment scale

1-5

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Contact lessons 3 h/week
Exercises
Mandatory individual assignments
Two exams

Timing and attendance

Contact lessons 3 h/week, participation highly recommended

Learning material and recommended literature

Course slides, exercises and other material provided by the teacher at Moodle

Alternative completion methods

The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning

Exam retakes

Re-examinations are agreed separately at the end of the course

Learning environment

Campus
Moodle
Home

Student time use and work load

One ECTS equals 27 hours of study.

Contents

Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios

Additional information for students: previous knowledge etc.

Prior knowledge of the subject is not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting at all

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Contact lessons 3 h/week
Exercises
Mandatory individual assignments
Two exams

Timing and attendance

Contact lessons 3 h/week, participation highly recommended

Learning material and recommended literature

Course slides, exercises and other material provided by the teacher at Moodle

Alternative completion methods

The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning

Exam retakes

Re-examinations are agreed separately at the end of the course

Learning environment

Campus
Moodle
Home

Student time use and work load

One ECTS equals 27 hours of study.

Contents

Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios

Additional information for students: previous knowledge etc.

Prior knowledge of the subject is not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting at all

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Assessment scale

1-5

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Assessment scale

1-5

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Assessment scale

1-5