Bookkeeping 2Laajuus (5 cr)

Objective

The object of the course
The purpose of this course is to deepen and broaden your competence in accounting. After completing this course, you will be able to independently prepare the accounting records and financial statements of a manufacturing company and you know how different financing options are recorded in books.

Course competences
Business competence
Ethics competence

The learning objectives of the course
After completing the course, you will be familiar with the accounting treatment options for financial statement planning, recognition and amortisation and special issues related to value-added tax and you will master the techniques for recognising the shareholders' equity and the distribution of assets of a limited liability company. You will be able to prepare the accounting records and financial statements of a manufacturing company. You will learn to use the financial management software used during the course in accordance with the course learning objectives.

Content

During the course, specific topics such as the following will be discussed: valuation and recognition principles for inventories, recording of financing transactions, recognition of changes in a company’s shareholders’ equity and distribution of assets, and financial statements planning and value-added tax entries and their effect on the information presented in financial statements.

Qualifications

Basics of accounting, specific issues related to regular business transactions, legal forms and accounting, preparation and content of financial statements

Assessment criteria, satisfactory (1)

Adequate 1
You remember and identify the most important specific issues and the entries they require. You master the recording of the most common specific issues related to financing, amortisation and profit distribution.

Satisfactory 2
You are able to prepare, under guidance, almost error-free transaction-based accounting records and financial statements of a manufacturing company. You master the main points of recording complex specific issues related to financing, amortisation and profit distribution.

Assessment criteria, good (3)

Good 3
You are familiar with the effects of changes in the financing and equity of a manufacturing company on financial statements in accordance with good accounting practice. You are able to prepare the main elements of the accounting records and financial statements of a manufacturing company. You master the principal points of recording complex specific issues related to financing, amortisation and profit distribution.

Very Good 4
You are able to prepare, independently and in a responsible manner, almost error-free transaction-based accounting records and financial statements of a manufacturing company. You master the principal points of recording complex specific issues related to financing, amortisation and profit distribution.

Assessment criteria, excellent (5)

Excellent 5
Within the framework of legislation and in accordance with good accounting practice, you are familiar with and able to critically asses the effects of changes in the financing and equity of a manufacturing company on the objectives set for financial statements. You are able to prepare, independently and in a responsible manner, error-free transaction-based accounting records and financial statements of a manufacturing company. You master the recording of complex specific issues related to financing, amortisation, value-added taxation and profit distribution.

Materials

Tomperi, S. Kehittyvä kirjanpitotaito, Edita, 18, 2021, KILAn yleisohjeet

Further information

The course is suitable for accounting professionals working in duties related to accounting and the preparation of financial statements who wish to deepen and broaden their competence.