Introduction to Financial Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TFA0305 |
| Type: | Compulsory / Basic Studies |
| Curriculum: | T-FE 2012V |
| Level: | Bachelor of Business Administration |
| Year of Study: | 1 (2012-2013) |
| Credits: | 6 cr |
| Responsible Teacher: | Berglund, Anna-Lena |
| Language of Instruction: | Swedish |
Courses During the Academic Year 2012-2013
| Impl. | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|
| 8 | 2012-08-27 – 2012-12-21 | Anna-Lena Berglund | Swedish | 2012-08-13 – 2012-09-07 |
| 9 | 2012-08-27 – 2012-11-23 | Niklas Kallenberg | Swedish | 2012-08-13 – 2012-09-07 |
| 10 | 2012-08-24 – 2012-12-21 | Anna-Lena Berglund | Swedish | 2012-08-13 – 2012-09-07 |
Learning Outcomes
The student understands the objectives and procedures related to financial accounting in a business and professional setting, knows the fundamental principles of financial accounting, closing of the accounts and Finnish value added taxation.The student develops practical skills for maintaining accuonting records by using accoutning software. The student can read an analyze annual statements issued by small companies.
Student's Workload
Lectures and exercises 80 h, preparing to tests 20 h, course work 20h , self-reliant studies 69 h
Prerequisites / Recommended Optional Courses
No previous knowledge required.
Contents
Basic concepts, rules and legislation concerning financial accounting, amortization of acquisition costs, invoices and credit invoices, discounts and freights, Finnish value added taxation, wages and personnel related social expenses, accruals, journal and general ledger, preparation of profit and loss account and balance sheet. The bookkeepin gprocess abd closing of the accounts in a small business by using accounting software, financial statements and analysis of financial business information.
Recommended or Required Reading and Other Learning Resources/Tools
- Tomperi, S. senaste upplaga. Bokföring i praktiken. Utbildningsstyrelsen. - Tomperi, S. Keskinen, V. senaste upplaga. Bokföring i praktiken. Övningsbok. Utbildningsstyrelsen.
- handouts
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, written exercises, independent studies.
Assessment Criteria
1 the student understands some basics about book-keeping process
3 the student understands well basic about book-keeping process and can do book-keeping by himself
5 the student understands excellent the basics about book-keeping process and can to a great extent apply the learned issues in practice
Assessment Methods
Written tests I and II, course work and active participation. Assessment on scale 0-5. The final grade affects of the average of the written tests I and II and the course work. All the three performances have the same weight.