Study Guide

Objective

Having completed this study unit

• You understand the basic concepts of financial management and know the legislation related to financial management.
• You know the basics of bookkeeping and financial statements.
• You understand the concept of value-added tax and are familiar with value-added tax and corporate taxation.
• You calculate the taxable income.
• You know how to do bookkeeping with an electronic financial management system.
• You understand the basic concept of cost-volume profit analysis and pricing for small business.
• You know the importance of identifying costs and pricing for a small business and of cash flow.


Competences: Economics and Financial Management Competence

Content

• Financial management
• Bookkeeping and financial statements
• VAT and corporate taxation
• Taxable income
• CVP analysis and pricing

Qualifications

NULL

Assessment criteria, satisfactory (1)

Level 1
Financial management:
The student knows the basics of bookkeeping and financial statements.
The student understands the concept of value-added tax and is familiar with value-added tax and corporate taxation.
He/she understands the basic concept of cost-volume profit analysis and pricing for SMEs.

Level 2
Financial management:
The student knows how to apply bookkeeping and compile financial statements.
The student is able to use value-added tax and understands the taxation procedures related to value-added tax and corporate taxation.
He/she is able to use the basic concept of cost-volume profit analysis and pricing for SMEs.

Assessment criteria, good (3)

Level 3
Financial management:
The student understands the role of financial management in business.
He/she knows basics of accounting and can apply them to small business.
The student knows how to apply cost-volume profit analysis and pricing for SMEs

Level 4
Financial management:
The student has a good knowledge of financial management.
The student is able to apply accounting process to SMEs with assistance.
The student is able to calculate a company’s financial and operational performance.
He/she knows the role of cost-volume profit analysis and pricing in company’s financial performance.

Assessment criteria, excellent (5)

Level 5
Financial management:
The student has an excellent knowledge of financial management.
The student is able to apply accounting process to SMEs independently.
The student is able to evaluate a company’s financial and operational performance.
He/she understands the role of cost-volume profit analysis and pricing in company’s financial performance.