Opinto-opas

Osaamistavoitteet

The course aims to give students a chance to enhance their knowledge and skills of financial planning and control as well as performance measurement and evaluation to a professional level. The course is based on modern management accounting methods, frameworks, and practices, laying a solid foundation on which continuing business studies and a serious business career in the field of accounting and finance can be built later. The contents and learning experiences of the course are planned to be useful and generally applicable for every business professional.

After completing the course, the student will be able to:
• participate in corporate strategy planning and creation of management control and budgeting systems.
• prepare the major budgets and coordinate The Master Budget process of a company.
• analyze and forecast business performance with the help of accounting reports, as well as both internally and externally available financial and non-financial performance information.
• participate in decision-making and professional business planning utilizing especially accounting reports and various financial and non-financial performance measures, frameworks, and related analyses.
• participate in planning and implementing tailor-made strategic performance management solutions for various business cases.

Sisältö

The contents include the followings:
• What does corporate strategy planning and financial management consist of in various industries?
• How is financial planning and control planned and implemented in companies – including budgeting, reporting, and forecasting?
• Which profitability, liquidity, and solvency measures are most used and how in businesses?
• What is Working Capital?
• How can the Working Capital Cycle concept be utilized in practice?
• How can decision making be supported by financial and non-financial measures and reports?
• What are the strategic performance management frameworks (BSC, OKR, KPI)?
• How can one enhance business performance with the help of them?
• What kind of roles are there for a controller in business management and control?
• When is it time to use and how software such as MS Excel in planning and control?

Esitietovaatimukset

None.

Arviointikriteerit, tyydyttävä (1-2)

The student is able to determine and use the concepts and methods of financial planning and control as well as the performance measurement and evaluation theme sufficiently. He/she can take responsibility for his individual financial planning and reporting duties in routine activities and is able to make some contribution in a group

Arviointikriteerit, hyvä (3-4)

The student achieves the competence of applying and explaining the concepts and methods of financial planning and control as well as the performance measurement and evaluation theme in controllable situations. He/she works actively and cooperates responsibly and constructively both individually and in a group. The student can solve financial planning and measurement problems, and his courses of action are well justified.

Arviointikriteerit, kiitettävä (5)

The student can analyze complex situations and produce alternative solution proposals to various financial planning and control as well as performance measurement and evaluation tasks and problems. He/she is able to apply his extensive knowledge and skills of the subject matter creatively in problem solving, solution tracing, new experiments, and when generalising his well-justified courses of action. The student can work strongly individually and make remarkable contribution to group work, cooperating responsibly, constructively, and flexibly with excellent commitment.

Lisätiedot

Implementation Plan.