Financial Statements (2op)

Osaamistavoitteet (Opintojakso)

During the course students will continue bookkeeping in virtual companies. At the end of the course they will prepare the financial statements.

After completing the course, the students will be able to:
• Record basic business transactions in accounting
• Prepare income statement and balance sheet for a small firm

Sisältö (Opintojakso)

• How are business transactions recorded in accounting?
• How are financial statements prepared?
• What do annual reports include?

Aika ja paikka

Weeks 10-17/2018

Tenttien ja uusintatenttien ajankohdat

Will be confirmed in the beginning of the course.

Arviointimenetelmät ja arvioinnin perusteet

Exam (grade 0-5) (individual work) 75%
Bookkeeping and financial statements of virtual/practice company (grade 0-5) 25%
Both parts must be completed at least on level 1 in order to pass the course

Arviointiasteikko

0-5

Opiskelumuodot ja opetusmenetelmät

- lectures
- assignments
- teamwork
- bookkeeping of practice firm

Oppimateriaalit

- Material in Tabula
- Accounting and Finance, An Introduction. Eddie McLaney and Peter Atrill. Pearson. 2016 or similar book.

Opiskelijan ajankäyttö ja kuormitus

2 ECTS = 54 hours

Toteutuksen valinnaiset suoritustavat

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Harjoittelu- ja työelämäyhteistyö

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Kansainvälisyys

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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 fiancial statements. Student 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 and financial statements 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 and financial statements 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.

Arviointikriteerit - hyväksytty/hylätty (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

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