Study Guide

Objectives (course unit)

During the course the students familiarize themselves with the stages of the accounting period. They learn how to utilize mathematics and spreadsheets in making calculations.

ACCOUNTING 3 cr
After completing the course students
- know the stages of the accounting period (opening and closing the books, entries)
- understand the most important concepts in accounting and will be able to make the basic bookkeeping entries
- know the key regulations concerning value added tax
- know the purpose of the sales and purchase ledgers.

MATHEMATICS 2 cr
After completing the course students
- are able to apply percentage calculation in various financial calculations
- are able to make interest and compound interest calculations for return on capital or the price
- are familiar with spreadsheets in making calculations.

Content (course unit)

ACCOUNTING
What do accounting and bookkeeping comprise of
Why is bookkeeping essential?
How is the bookkeeping of SMEs done?
What are the reports made to authorities on a monthly basis?
How to use the accounting software?

MATHEMATICS
How are percentage calculations used effectively in various economy-related calculations?
How are the return on capital or price-related calculations made in the short and long term?
What tools does the spreadsheet provide for making funding calculations?
How to use functions in Excel?

Assessment criteria, satisfactory (1-2) (course unit)

ACCOUNTING
The student is able to identify the key concepts of accounting. They can cope with accounting records.

MATHEMATICS
The student recognizes the starting values of percentage, interest rate and interest rate calculations. They can cope with simple percentage, interest and interest payments. The student knows the effect of the interest rate principle. They are able to perform calculations in the spreadsheet program.

Assessment criteria, good (3-4) (course unit)

ACCOUNTING
The student knows the key concepts of accounting and the key rules for VAT. They manage the basic accounting records.

MATHEMATICS
The student is able to apply percentage, interest rate and interest rate calculations in various application situations. They are able to take into account the time values of the capital in the financial calculations. They are also able to evaluate the accuracy of the result. The student is able to utilize the existing functions provided by spreadsheets.

Assessment criteria, excellent (5) (course unit)

ACCOUNTING
The student knows the key concepts of accounting and the key rules for VAT. They have mastered the basic accounting records and understand the bookkeeping as a whole.

MATHEMATICS
The student recognizes the starting values required in the calculations and are able to apply percentage, interest rate and interest rate calculations in a wide range of entities. The student knows the concepts and their impact on calculations and thus are able to evaluate the accuracy of the results. The student is able to efficiently utilize the existing functions offered by spreadsheets and other features, which enhance calculation

Assessment scale

0-5