Foundations of Financial ManagementLaajuus (5 cr)
Code: NY00EC61
Credits
5 op
Objectives
After completing the course student
- understands the vocabulary, main concepts and factors of financial management
- knows what kind of financial reports are used in representing the financial situation of a company
- is able to draw up different calculations for financial planning and target setting
- is able to evaluate and analyze profitability and overall financial situation of an organization
- understands the principals of cost accounting and cost structure
- knows the structure and contents of income statement and balance sheet
- is able to formulate business plan calculations
Content
• Main vocabulary and concepts of financial management
• Contents of balance sheet and income statement
• Budgeting and reporting
• The role of key performance indicators and performance metrics
• Business plan
• The law of public procurements
• Productization
Assessment criteria, satisfactory (1-2)
Student has achieved the objectives of the course sufficiently. Student understands main concepts, calculations and models of financial management and is somewhat able to apply the learning to practise.
Assessment criteria, good (3-4)
Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Studentknows the concepts of financial management and is able to create calculations and models. Student can apply the learning in practical cases.
Assessment criteria, excellent (5)
Student has achieved the objectives of the course excellently. The student masters the concepts, calculations and models of financial management in an excellent manner. Student has good capabilities to apply the learning in practice.
Enrolment period
17.01.2024 - 21.02.2024
Timing
11.03.2024 - 31.05.2024
Credits
5 op
Virtual portion
5 op
Mode of delivery
Distance learning
Campus
TAMK Main Campus
Teaching languages
- Finnish
Seats
20 - 60
Teachers
- Tiina Wickman-Viitala
Person in charge
Kati Kouhia-Kuusisto
Groups
-
24YAMKYlempi AMK, yhteiset opinnot
Objectives (course unit)
After completing the course student
- understands the vocabulary, main concepts and factors of financial management
- knows what kind of financial reports are used in representing the financial situation of a company
- is able to draw up different calculations for financial planning and target setting
- is able to evaluate and analyze profitability and overall financial situation of an organization
- understands the principals of cost accounting and cost structure
- knows the structure and contents of income statement and balance sheet
- is able to formulate business plan calculations
Content (course unit)
• Main vocabulary and concepts of financial management
• Contents of balance sheet and income statement
• Budgeting and reporting
• The role of key performance indicators and performance metrics
• Business plan
• The law of public procurements
• Productization
Assessment criteria, satisfactory (1-2) (course unit)
Student has achieved the objectives of the course sufficiently. Student understands main concepts, calculations and models of financial management and is somewhat able to apply the learning to practise.
Assessment criteria, good (3-4) (course unit)
Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Studentknows the concepts of financial management and is able to create calculations and models. Student can apply the learning in practical cases.
Assessment criteria, excellent (5) (course unit)
Student has achieved the objectives of the course excellently. The student masters the concepts, calculations and models of financial management in an excellent manner. Student has good capabilities to apply the learning in practice.
Assessment scale
0-5