Study Guide

Objectives

Students have good and state-of-the-art capabilities of working in finance and control duties in business environments and contexts in which either the traditional strategic planning or the new platforms, digitalization and service design can form a base for the applied business models.
Students can collect and analyze business data and apply it in the financial control of enterprises and organizations. In this, they can use and apply digital tools and modern performance measures, as well as sets of them.
Students can take advantage of the most common methods of investment planning, strategic planning as well as working capital and cash flow management, for the performance evaluation and control of firms and organizations.
Students are able to produce situational financial reports for future-oriented decision-making, as well as visualize and communicate the reports efficiently.
Students are able to take the social and sustainability aspects and effects into consideration in the development work of management control systems.

Content

Enterprise strategy planning and new business models.
Platform economy, digitalization of financial planning and control, as well as service design of financial services and processes.
Investment and financial planning methods, predictive financial, non-financial and operational measures and measurement frameworks for working capital, cash flow and performance management.
Business data collection and analysis.
New business reporting tools, as well as the development, automatization and visualization of reporting.
Renewing human-centered, collaborative and socially influencing financial management of the digital age.

Assessment criteria, satisfactory (1-2)

The student is able to identify and define the key concepts and methods of strategic financial management, and he is able to apply them on a basic level. The student’s skills and understanding of the whole of as well as the parts of financial management are sufficient for an acceptable performance in financial planning and performance measurement and evaluation duties, considering the dimensions of profitability, liquidity and solvency. The student is capable of identifying and solving problems of financial management in clear decision-making situations. He can also further develop financial control in the new contexts of platform economy, digital technology and sense of community. He is able to evaluate the applicability of methods and the sufficiency of his own competence in the searches for solutions.

Assessment criteria, good (3-4)

The student is able to define the key concepts and methods of strategic financial management. He is also able to apply them very well. The student understands the whole of financial management and the parts of it and is capable of identifying decision-making situations in which there is space for applying these methods. In the cases of available opportunities, he is able to perform financial planning and performance measurement and evaluation duties very well, considering the dimensions of profitability, liquidity and solvency. He has an active touch of the development of financial management, and he can apply supportive methods for predictive decision-making – such as working capital management and non-financial performance measurement methods. He is capable of producing workable and justifiable solutions to the challenges of financial control development in the new contexts of platform economy, digital technology and sense of community. He is able to evaluate the applicability of methods, and responsibly searches for solutions both individually and in a team.

Assessment criteria, excellent (5)

The student understands the whole of and the parts of strategic financial management. He is capable of applying the key concepts and methods of financial management skillfully also in complicated and large-scale decision-making situations. His commitment is first class and in the cases of available opportunities, he is able to perform financial planning and performance measurement and evaluation duties excellently, considering the dimensions of profitability, liquidity and solvency. He has an active and experimental touch of the development of financial management, and he can apply supportive methods for predictive decision-making – such as working capital management, non-financial performance measurement as well as data analysis methods. He is capable of creating workable and justifiable solutions to even the demanding challenges of financial control development in the new contexts of platform economy, digital technology and sense of community. He is able to evaluate the applicability of methods, and flexibly and responsibly searches for creative solutions individually, in a team - or by networking successfully, producing significant added value to his local society at the same time.