Study Guide

Objective

The student
- knows and understands the accounting principles governing the measurement and documenting process of business entity's events and results
- has gained practical skillsin budgeting and financial reporting
- understands the importance of financial statements in the decision-making process and in the estimation of the company's assets and performance

Content

- the nature, functions, scope and principles of accounting
- financial accounting, book-keeping, income statement and balance sheet
- management accounting, budgeting

Materials

All needed study material will be presented during the course in itslearning

Teaching methods

online studies

Exam schedules

Theory exam 6.5.21
Final assignment during the last three weeks of the course

Completion alternatives

none

Student workload

Video lectures 10%
Exercises 35%
Exam 5%
Group meetings 20%
Final task (Real Game) 30%

Content scheduling

the nature, functions, scope and principles of accounting
income statement and balance sheet
management accounting, budgeting, analysing

Course size: 5 ECTS
Course consist 5 separate themes
CVP & Pricing
Financial Planning
Working Capital
Capital Budgeting
Financial Analysis
Each theme consists: introduction material (videos & printed), exercises, small group meetings
Each theme is evaluated by exam (graded 1-5)
At the end of the course we play online business simulation game (Real Game) with given tasks (graded 1-5)

Evaluation scale

H-5

Assessment methods and criteria

Evaluation contains three elements:
1. Exercises: All exercises must be done and returned to itslearning: Grade fail/pass. Prerequisite to get evaluated!
2. Exam: Grade 1-5 (weight x1)
3. Final Assignment (Real Game): Grade 1-5 (weight x1)

Final grade of the course will be the mathematical average of points 2 & 3

Assessment criteria, satisfactory (1-2)

Exercises done & approved.
Exam passed with grade 1-2
Final case is done according to specifiacations

Assessment criteria, good (3-4)

Exercises done & approved.
Exam passed with grade 3-4
Final case is done according to specifiacations and student shows how theory is connected with case data and giving reasons behind (own thinking)

Assessment criteria, excellent (5)

Exercises done & approved.
Exam passed with grade 5
Final case is done according to specifiacations and student shows how theory is connected with case data and giving reasons behind (own thinking)
And for overall student shows deeper expertise in the case and is able apply real case data