Basics of Financial Accounting (2op)

Osaamistavoitteet (Opintojakso)

The course introduces the basics of financial accounting. Students will learn bookkeeping in virtual companies.

After completing the course, the students will be able to:
• Describe the basic concepts and principles of accounting
• Record basic business transactions in accounting

Sisältö (Opintojakso)

• What are the purposes of accounting and who are the users of accounting information?
• What is the conceptual framework in accounting?
• What are the phases of an accounting period?
• What does double-entry accounting mean?
• What is accounting equation?
• How are business transactions recorded in accounting?

Aika ja paikka

Weeks 3-8/2016

Arviointiasteikko

0-5

Opiskelumuodot ja opetusmenetelmät

- lectures
- assignments
- teamwork

Opiskelijan ajankäyttö ja kuormitus

5 ECTS, approximately 135 h

Arviointikriteerit - hylätty (0) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

• Student has failed in achieving the objectives of the course.

Arviointikriteerit - tyydyttävä (1-2) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student has achieved the objectives of the course sufficiently. Student understands fundamentals of financial accounting and knows the basic functions of Fennoa book-keeping program.

Arviointikriteerit - hyvä (3-4) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Student is able to determine and apply the fundamental concepts of financial accounting well. Student can use Fennoa book-keeping program at a basic level.

Arviointikriteerit - kiitettävä (5) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student has achieved the objectives of the course excellently. The student masters the fundamental concepts of financial accounting in an excellent manner. Student is able to conduct fluent and reasoned analysis and has good capabilities to apply the learning. Student can use Fennoa book-keeping program well at a basic level.