Business Accounting (5 cr)

Evaluation scale

H-5

Content scheduling

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

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 13 to 20

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

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

1) Cost Accounting exam 9.4.2024 and Financial Accounting exam 8.5.2024
2) first week of June 2024 (can change)
3) end of October 2024 ( can change)

Completion alternatives

There are no other ways to complete the study unit.

Student workload

50 hours of lectures and exercises
83 hours of independent work

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.

Qualifications

NULL