Financial Planning and Reporting (5 cr)

Objectives (course unit)

This course deepens students’ practical knowledge of business financial planning process from strategic planning to reporting.
After completing the course students will be able to
- draw up calculations related to strategic planning
- draw up budgets
- draw up financial reports
- understand the role of performance measurement (especially BSC) as a part of company management

Content (course unit)

How can companies implement financial planning in the long term?
What is the impact of budgeting on management?
What kind of role do performance measurements have in company management?
How are companies’ financial status reported?

Prerequisites (course unit)

2. year studies or similar skills and knowledge.

Evaluation methods and criteria

The course is graded based on the exam and the budget case. In addition to that students will construct a scorecard (passed/failed).

Teaching methods

Lectures, excercises and cases.

Learning materials

Material will be handed out at the lectures and/or provided in Tabula. Literature: Järvenpää-Länsiluoto-Partanen-Pellinen: Talousohjaus ja kustannuslaskenta, Sanoma Pro Oy (2010 tai uudempi)(kappaleet 1-3,9-14)

Student workload

5 credits times 27 hours per credit ~ 130 hours of student work

Content scheduling

According to the timetable.

Completion alternatives

-

International connections

Lectures and exercises include terminology in English.

Further information

The course is conducted by lectures and practical excercises done by Excel.

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course inadequately.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course sufficiently. Student understands the concepts, calculations and models and is somewhat able to apply the learning to practise.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Student is knows the concepts and is able to create calculations and models. Student can apply the learning.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course excellently. The student masters the concepts, calculations and models of this course in an excellent manner. Student has good capabilities to apply the learning.