Study Guide

Objective

After completion of the study unit the student is able to
- complete an accounting period for a small company by using accounting software
- calculate value-added tax and the amount of employer's contributions in the monthly bookkeeping
- calculate the company's taxable income based on bookkeeping
- calculate payable taxation for the employee
- read and analyze financial statement reports

Content

- accounting rules/principles
- payroll accounting
- value-added tax
- information on employer's contributions and value-added tax to the authorities
- accounting deferrals and financial statement
- basics of direct taxation
- analysis of financial statement reports

Materials

Ebooks (to be confirmed at the beginning of course, there may be better newer books available):
Bettner, Mark S.(2015), Using accounting & financial information : analyzing, forecasting & decision making
Tiffin, Ralph (2006), Finance and Accounting Desktop Guide
Complementary study material will be presented during the course in itslearning

Teaching methods

Group meetings
Class room introduction to theme and short videos with connected course task
Exercises and other course tasks
Study journal
Final examination

Exam schedules

Final examination at the end of the course.

International connections

Innopeda, which is based on experiments, sharing of information and knowledge as well as combining different view points. Student-centered learning, problem solving, flipped classroom.

Student workload

All course tasks and study journal in Itslearning need to be returned.
Final examination.

Content scheduling

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

learning tasks and exercises in Itslearning
small group meetings, individual or group learning

Evaluation scale

H-5

Assessment criteria, satisfactory (1-2)

All learning tasks done and study journal returned.
Exam passed with grade 1-2

Assessment criteria, good (3-4)

All learning tasks done and study journal returned, with good (3) or very good (4) quality of work and showing deep knowledge in theme and applying theory in learning tasks.
Exam passed with grade 3-4

Assessment criteria, excellent (5)

All learning tasks done and study journal returned, with excellent quality of work and showing deep knowledge in theme and applying theory in learning task.
Exam passed with grade 5