Financial Management in Diverse Organisations (5 cr)

Objectives (course unit)

During this course students will learn to know how management accounting differs in companies and organisations of different sizes and fields of business.

After completing the course students will
- know how different companies perform management accounting in practice
- know some business intelligence software
- recognise appropriate financial calculations for various organisations
- understand the impact of working capital on companies’ profitability
- be able to illustrate companies’ management accounting procedures and give some development ideas

Content (course unit)

How does management accounting differ in different organisations?
What is the role of IT systems in management accounting?
How do companies manage their working capital?

Prerequisites (course unit)

3H-324 Financial Planning and Reporting -course

Exam schedules

No exam, grading is based on report, which will be presented in the class.

Evaluation methods and criteria

Arviointi is based on the report done in pairs. Company visits/lectures: attendance is expected.

Teaching methods

Lectures, excercises, guest lectures / company visit, controller / financial manager interview

Learning materials

Material available at the lectures and professional literature which is selected by the students and used in a report.

Student workload

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

Content scheduling

According to the schedule. Exceptions will be informed separately.

Practical training and working life cooperation

Local companies provide guest lectures and visits. Students write a report which is based on the financial management of a company.

Further information

Preliminary course: 3H-324 Liiketoiminnan taloussuunnittelu ja raportointi (Financial Planning and Reporting)

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.