Accounting and Financial Statement (5 cr)

Evaluation scale

H-5

Objective

The student will be able to:
- the principles of double-entry bookkeeping and the recording of transactions in accordance with the legislation and guidelines governing Finnish accounting and good accounting practice
- Accounting for value added tax and direct taxes.
- The principles of design and preparation of financial statements in accordance with company and accounting legislation.
- Accounting and financial reporting for small businesses using electronic financial management software.

Content

- Accounting categories and accounting rules, basics of double-entry bookkeeping,
- account opening and transaction recording
- accounting treatment of value added tax,
- accounting treatment of staff costs,
- cash discounts, bad debts, exchange rate differences, prepayments,
- valuation of assets and depreciation, depreciation and inventory changes
- the provisions on amortisation and valuation in the financial statements and the design of the financial statements
- the financial statements and related documents