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
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.