Financial Accounting (5 cr)
Code: AL00CE36-3010
General information
Enrollment
06.05.2024 - 30.08.2024
Timing
09.09.2024 - 20.12.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lappeenranta Campus
Teaching languages
- English
Seats
20 - 50
Degree programmes
- Bachelor's Degree Programme in Tourism and Hospitality Management
Teachers
- Mia Ekman
Scheduling groups
- Luennot (Size: 0. Open UAS: 0.)
- Verkkotentti (Size: 0. Open UAS: 0.)
Groups
-
LLPRHOMA23SBachelor's Degree Programme in Tourism and Hospitality Management 23S Lappeenranta
Small groups
- Lecture
- Online exam
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.