Accounting (5 cr)
Code: LI00BJ45-3014
General information
Enrollment
01.07.2021 - 05.09.2021
Timing
01.09.2021 - 31.12.2021
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
20 - 50
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Tatu Saarinen
Scheduling groups
- Lectures (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB21K
Small groups
- Lectures
Learning outcomes
The student is able to
- take care of the accounting of a small company and draw up the financial statements
- understand the principles of VAT
- recognise how product costs are formed and apply this knowledge in the analysis of company profitability
Implementation and methods of teaching
Contact lessons 3 h/week
Exercises
Mandatory individual assignment
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
Two exams at the end of the course.
Learning environment
Campus
Moodle
Home
Contents
Accounting laws and regulations
General accounting principles
Change in stock, depreciations, accruals
Financial statements
Principles of value-added tax
Financial ratios
Additional information for students: previous knowledge etc.
-
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