Business Accounting (5cr)

Evaluation scale

H-5

Content scheduling

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

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: Financial Management and Business related Law Competence

Content

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

Location and time

Spring semester 2026 from week 3 to 14

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

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

1) Cost Accounting exam X.2.2026 and Financial Accounting exam X.3.2026
2) end of April 2026 (can change)
3) end of May 2026 ( 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
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 understand the basic concept of cost-volume profit analysis and pricing for SMEs.

Level 2
Financial management
You know how to apply bookkeeping and compile financial statements.
You are able to use value-added tax and understand the taxation procedures related to value-added tax and corporate taxation.
You are able to use the basic concept of cost-volume profit analysis and pricing for SMEs.

Assessment criteria, good (3)

Level 3
Financial management
You understand the role of financial management in business.
You know the basics of accounting and can apply them to small business.
You know how to apply cost-volume profit analysis and pricing for SMEs.

Level 4
Financial management
You have a good knowledge of financial management.
You are able to apply accounting process to SMEs with assistance.
You are able to calculate a company’s financial and operational performance.
You know the role of cost-volume profit analysis and pricing in a company’s financial performance.

Assessment criteria, excellent (5)

Level 5
Financial management
You have an excellent knowledge of financial management.
You are able to apply accounting process to SMEs independently.
You are able to evaluate a company’s financial and operational performance.
You understand the role of cost-volume profit analysis and pricing in company’s financial performance.

Qualifications

NULL