Study Guide

Objective

Upon completion of the course students will be able to apply the basic principles of accounting and prepare a small company’s income statement and balance sheet. The student will be able to interpret information contained in a financial statement. The student will be able to create a budget for a company for business planning and make profitability calculations.

Content

- Bookkeeping and the general principles of accounting
- Preparing and interpreting income statements and balance sheets
- Common key figures
- Budgeting
- Profitability calculations

Location and time

Autumn 2022

Materials

Jormakka-Koivusalo-Lappalainen-Niskanen: Laskentatoimi, 2021
Material at Oma

Teaching methods

Activating lectures
Guided exercises
Learning tasks
Exams

Exam schedules

Two exams

Re-exams on spring 2023

Further information

The aim is to implement the course as contact teaching, but if the coronary situation so requires, it can be changed to be completely or partly distance teaching.

Evaluation scale

0-5

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.

Assessment criteria, approved/failed

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 methods and criteria

Exams 50%
Learning tasks 25%
Learning diary 25%
Total 100%

To complete the course students must pass all required tasks and exams (at least with 50% of maximum points).

There are two exams, one covering financial accounting and the other one covering key factors and management accounting.

Learning tasks are returned to Oma. The students will need textbook to complete learning tasks. Points from learning tasks are gained by completing and turning in the task in time.


Grading the course

5 total points 90-100%
4 total points 80-89%
3 total points 70-79%
2 total points 60-69%
1 total points 50-49%

There is no compulsory attendance in the lessons.

The student's completed other task, activity during the course, attendance during the lessons and/or given course feedback can be taken into account as a factor that increases the grade.