xLaajuus (5 cr)

Course unit code: LD00GE97

General information

Credits: 5 cr

Objective

Students can apply the general principles of accounting and prepare the profit and loss account and balance sheet of a small company. The student will be able to interpret the information provided by the financial statements.

The student will be able to make profitability calculations and use them to assess the profitability of products and services. The student will be able to prepare a budget for a business for operational planning.

Content

- General accounting principles
- Principles and interpretation of the income statement and balance sheet
- Profitability calculations
- Budgeting

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.