Bookkeeping 3 (5cr)

Objective

The student masters independently the recording of business transactions in a manufacturing company. He/she knows his/her responsibility and how to record demanding issues in financing, periodic measurement, and how to prepare financial statements for a SME according to a set target, along with cash flow statement.

Content

E.g. methods of inventory valuation and the cost formulas that are used to assign costs to inventories, recording of financing transactions, recording of change in shareholders' equity, entries related to periodic planning. Financial statements as a whole and accounting legislation in detail.

Qualifications

Basics of bookkeeping and business transactions, differences in bookkeeping between various types of ownership, basics of financial statements

Assessment criteria, satisfactory (1)

100-90 %: 5 (A Excellent)
89-80%: 4 (B Very good)
79-70%: 3 (C Good)
69-60%: 2 (D Satisfactory)
59-50%: 1 (E Sufficient)