Study Guide

Objective

The student understands the basic concepts of financial management and knows the legislation related to financial management.
They know the basic of bookkeeping and financial statement.
Student understand the concept of value-added tax and is familiar with value-added tax and corporate taxation.
Student knows how to do bookkeeping with electronic financial management system.
Student understands the basic concept of cost-volume profit analysis and pricing for small business.

Competences: Economics and Financial Management Competence

Content

- Accounting legislation
- Bookkeeping
- Corporate taxation and VAT
- CVP and pricing

Location and time

Spring semester 2024 from week 3 to 13

Materials

Book: Business Accounting and Finance by Catherine Gowthorpe 5th edition and

Lecture materials and exercises

Teaching methods

Learning process is organized lectures, independent studies and knowledge acquisition activities.

Exam schedules

First exams for the two topics are given below. Both exam can be redone at a later date.

1) Cost Accounting exam 8.2.2024 and Financial Accounting exam 21.3.2024
2) end of April 2024 (can change)
3) end of May 2024 ( can change)

Completion alternatives

There are no other ways to complete the study unit.

Content scheduling

• CVP and pricing
• Accounting legislation
• Bookkeeping
• Corporate taxation and VAT
* Financial Statement Analysis

Evaluation scale

H-5

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.

Assessment methods and criteria

Assessment is based on the process and actual skills and knowledge evaluation.
• Exam 80 % (0/1-5)
- Exam 1 30p topic Cost Accounting (Individual)
- Exam 2 50p topic Financial Accounting ( Individual)
• Case 1: 15 % Interpreting financial statement (0/1-5)
• Case 2: 5 % Taxation Quiz (individual) pass/fail
• Bookkeeping software assignment (individual) pass/fail
• Starting level exam pass/fail (Individual)

All assignments are done individually.
Also, assignments must be done and passed to complete the study unit.

Plagiarism and use of references:

Please notice that in study unit assignment returns the plagiarism detection programs (for example Turnitit) will be used.
Also notice that you need to use Lapland UAS templates (essay, thesis, report etc) and writing instructions. Textual references must be done according to the given instructions.


Submitting assignments against given instructions may lead to failing and other possible consequences according to the Degree Regulations.

Assessment criteria, fail (0)

The student does not complete the assignments/ requirements according to instructions or does not attend the learning situations at all. He/she does not pass the assignments and/or the exam as required.

Assessment criteria, satisfactory (1-2)

Financial management:
The student knows the basic 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.

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 cost-volume profit analysis and pricing in company’s financial performance.

Assessment criteria, good (3-4)

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 ably cost-volume profit analysis and pricing for SMEs.

Assessment criteria, excellent (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 cost-volume profit analysis and pricing in company’s financial performance.

Qualifications

NULL