•   Basics of Financial Accounting 3B00DW03-3009 10.01.2022-06.03.2022  2 cr  (21IB8, ...) +-
    Learning outcomes of the course unit
    The course introduces the basics of financial accounting. Students will learn bookkeeping in virtual companies.

    After completing the course, the students will be able to:
    • Describe the basic concepts and principles of accounting
    • Record basic business transactions in accounting
    Course contents
    • What are the purposes of accounting and who are the users of accounting information?
    • What is the conceptual framework in accounting?
    • What are the phases of an accounting period?
    • What does double-entry accounting mean?
    • What is accounting equation?
    • How are business transactions recorded in accounting?
    Assessment criteria
    Satisfactory

    The student can recognise and define fundamentals of financial accounting. He/she knows the stages of accounting period and is able to record basic financial transactions using bookkeeping software. The student takes responsibility for his/her own work in individual assignments.

    Good

    The student is able to determine and apply the fundamental concepts of financial accounting well. The student can use bookkeeping software at a basic level. The student takes responsibility for his/her own work and recognises and follows the important courses of action in the field.

    Excellent

    The student masters the fundamental concepts of financial accounting in an excellent manner. The student is able to conduct fluent and reasoned analysis and has good capabilities to apply the learning. The student can use bookkeeping software well at a basic level. The student works responsibly and in a committed manner and develops his/her own and the group’s interaction.

    Name of lecturer(s)

    Pia Lamminsivu

    Recommended or required reading

    The list of recommended litterature is available in course Moodle

    Planned learning activities and teaching methods

    - lectures
    - assignments
    - teamwork

    Language of instruction

    English

    Timing

    10.01.2022 - 06.03.2022

    Registration

    24.11.2021 - 15.01.2022

    Credits

    2 cr

    Group(s)

    21IB8

    21IB7

    21IB6

    21IB5

    Teacher(s)

    Pia Lamminsivu

    Unit, in charge

    International Business

    Degree programme(s)

    Bachelor's Degree Programme in International Business

    Office

    TAMK Main Campus

    Evaluation scale

    0-5

    Completion alternatives

    ----

    Training and labour cooperation

    ----

    Exam schedule

    Exam week 8/2022 (preliminary)

    Students use of time and load

    2 ECTS, approximately 54 h

    Assessment criteria
    Not approved

    Student has failed in achieving the objectives of the course.

    Satisfactory

    Student has achieved the objectives of the course sufficiently. Student understands fundamentals of financial accounting and knows the basic functions of Fennoa book-keeping program.

    Good

    Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Student is able to determine and apply the fundamental concepts of financial accounting well. Student can use Fennoa book-keeping program at a basic level.

    Excellent

    Student has achieved the objectives of the course excellently. The student masters the fundamental concepts of financial accounting in an excellent manner. Student is able to conduct fluent and reasoned analysis and has good capabilities to apply the learning. Student can use Fennoa book-keeping program well at a basic level.