Introduction to Financial and Management AccountingLaajuus (6 ECTS)

Objective

The student is able to do bookkeeping for a VAT liable company and derive the closing of accounts based on these transactions. The student can interpret financial statement information. The student understands the connection between accounting and taxation. The student can prepare a budget for a firm in order to support business planning. The student is able to use basic margin analysis and use it in analyzing the profitability of the business. The student understands the components of working capital. The student is able to set prices for products in the marketing company by using the methods of profitability analysis.

Content

- Accounting and closing of accounts
- Basics of VAT
- Connection between taxation and accounting
- Budgeting
- Profitability analysis and margin analysis
- Components of working capital
- Basics of price setting

Assessment criteria, satisfactory (1)

The grading scale of the course is 0 (fail) - 5 (excellent).