Production and Utilisation of Financial InformationLaajuus (10 cr)

Objectives

After completing the course students will be able to
- draw up balance sheet entries, and financial statements
- record capital and taxation entries of different forms of business
- affect results of the financial period
- use bookkeeping software
- apply electronic financial management methods and tools
- know pricing methods and utilise them when business profitability is evaluated
- make covering notes and alternative calculations needed in decision making
- know the annual planning process, make different budget calculations, and know alternative ways to traditional budget planning
- interpret financial statement documents and annual reports in English
- analyse, evaluate and plan different investment and profitability projects in English

Content

How are financial statements drawn up?
What possibilities do companies have in affecting the profit of the financial period?
How does bookkeeping differ in different forms of business?
How is bookkeeping handled with bookkeeping software?
What is electronic financial management?
What kind of calculations can be done by companies to support decision making?
How can pricing be implemented in companies and how does it affect business profitability?
How can companies plan and monitor their financial success?
What kind of budgeting methods can be used in companies?
How to communicate in English about investment and profitability projects?
How to interpret financial statement documents in English?

Prerequisites

3H-502 and 3H-505