Basics of accounting

Structure Type:	Course
Code:	KD07APLA010
Type:	Compulsory
Level:	Bachelor
Credits:	5.0 points
Responsible Teacher:	Laine, Päivö
Teacher Team:	Kari, Hannu
Language of Instruction:	Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum	Semester	Credits	Start of Semester	End of Semester
PK-2014	1 spring	5.0	2016-01-01	2016-07-31
PK-2015	1 spring	5.0	2017-01-01	2017-07-31
PK-2016	1 spring	5.0	2018-01-01	2018-07-31

Learning Outcomes

The student will understand terminology, legal duties and methodology. The environment of financial accounting will be presented and the student will be able to interpret and understand accounting information and financial statements. The course will provide general understanding of financial accounting in business and the student will have ability to choose courses from other areas of accounting

Student's Workload

Total workload 135h, of which scheduled studies 25 h and independent studies 110 h

Prerequisites / Recommended Optional Courses

none

Basic terminology of financial accounting, entity of accounting period and financial reporting. Essential part of the course is practising. The focus will be on statutory reporting. Essential parts of the Bookkeeping Act and bookkeeping Decree will be familiarized.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures and excercises

Assessment Criteria

Excellent(5):Student knows usage of closing accounts and understands terminology needed in bookkeeping and can explain meanings of those terms.

Good(4-3): student can handle book entries with VAT and is able to explain basic terminology of bookkeeping and knows requirements of the Bookkeeping Act.

Satisfactory(1-2): Student can handle book entries without VAT and knows basic termonology of bookkeeping and knows meaning of the Bookkeeping Act. Student is able to interpret financial reporting.

Assessment Methods

exam

Work Placement