Financial ManagementLaajuus (5 cr)

Objectives

This course provides students with advanced knowledge and skills to manage finances in rapidly changing business environment. Emphasis is put on project financing and cash flow management.
When the student has passed the course he/she will know:
- The role of Management Accounting
- Cost-Volume profit analysis, volume and pricing
- Cost accounting basics
- Product costing and activity based costing methods
- Reporting practices
- Project accounting principles
- How to utilize financial estimating
- Investment projections
After completing the course the sudent can:
- Make supportive management calculations
- Understanding the need for cost centers and project dimensions
- Prepare and adopt financial reports
- Obtain ideas for improving business profitability
- Rate investments based on financial outcome
- Provide managerial finance contribution
When the student has passed the course he/she will be:
- Able to contribute business decisions from financial perspective
- Able to make financial projections for future business
- Able to set range of ‘what if analysis’
- Able to compare options form financial point of view
- A project manager with the skill to manage the finances

Content

The course focus on managerial finance topics, it requires comprehensive financial knowledge. The themes are more advanced, covering principles and practices for improving business profitability from financial point of view. The aim is to encourage and develop business understanding from financial perspective. Both lecturing and related exercises are to be utililized.