Bookkeeping and Profit Calculation (5cr)

Objective

The student can independently take care of the bookkeeping of a company appropriately and taking legal provisions into consideration. Based on the financial statements which he/she has produced, the student can analyse the factors which have influenced the financial standing of the company. They can record special questions related to financing, accrual and profit distribution, as well as being able to produce financial statements for an SME in accordance with a given target.

Content

valuation principle, income recognition principle, financing entries, entries related to result planning, community capital conversion entries. SME bookkeeping entity and legislation on bookkeeping.

Qualifications

Basics of accounting, business transaction issues, company forms, types of ownership, closing the books and final accunts.

Assessment criteria, satisfactory (1)

Assessment is based on knowledge, skills and competence in accordance with the National and European Qualifications Framework, Level 6.The assessment criteria for individual courses are given in an annex to the implementation plan of the course.