Introduction to Accounting (2op)

Osaamistavoitteet (Opintojakso)

This course, ABC of accounting, introduces the fundamentals of company accounting principles and practices. The perspective is practical, including both financial and management accounting themes.

After completing the course, the students will be able to:
• understand the role and relevancy of finance function within a company
• understand relevant finance and accounting terminology
• utilize key finance and accounting elements of a company

Sisältö (Opintojakso)

• What are Profit & Loss, Balance sheet and Cash Flow?
• What are financial and management accounting about?
• What is double entry bookkeeping system?
• How to evaluate business financials?

Aika ja paikka

The contact teaching schedule is set by TAMK officials, there are 4 sessions (3 hours each) of contact teaching and an exam.

Tenttien ja uusintatenttien ajankohdat

The exam dates are to be informed in the beginning of the course, during the first contact teaching session. The retakes are scheduled as needed, minimum once per semester.

Arviointimenetelmät ja arvioinnin perusteet

The course evaluation is based 100% on the exam.

Arviointiasteikko

0-5

Opiskelumuodot ja opetusmenetelmät

This course covers various teaching methods like: Lecturing, Excel exercises and miscellaneous tem works.

Oppimateriaalit

The course materials are based on slides and exercises provided by the lecturer. As voluntary extension there is a book: An introduction to accounting, McLaney- Atrill, any edition.

Opiskelijan ajankäyttö ja kuormitus

The course is 2 credits ie. 54 hours of financial studies.

Sisällön jaksotus

1. Accounting scope
2. Profit and Loss + Balance sheet statements
3. Accounting principles, exercises about double entry postings
4. About VAT and employer obligations

Toteutuksen valinnaiset suoritustavat

-

Harjoittelu- ja työelämäyhteistyö

-

Kansainvälisyys

This course is in english, with international approach.

Lisätietoja opiskelijoille

-

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

The student fails to understand the basic financial accounting principles and role of accounting.

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

The student is able to make basic double entry postings and understands key basic platforms within accounting.

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

The student understands the concept of P&L and balance sheet and is able to make basic year end closing postings.

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

The student adopts the essential theory of accounting schemes and is able to make financial postings ending up with year end close.