Foundations of Financial Management (5cr)

Objectives (course unit)

The students are able to make calculations of the financial factors caused by the processes of change.
The students understand the function of activity-based costing and the importance of productisation in the development of an organization’s activities.
The students know importance of the financial statements, income statements and balance sheets of a company from the viewpoint of profitability, liquidity and solvency.
The students know principles of financial management and monitoring of the cost-impact criteria.

Content (course unit)

Financial planning and budgeting.
Activity based costing and productisation.
Financial planning, budgeting and monitoring.
Financial and operational indicators.
The company’s cost structure.
Business plan.

Exam schedules

Around end of November - early December 2016 (to be decided more in detail after the start of the course).

Assessment methods and criteria

Student's overall evaluation is based on carrying out all the assignments and exercises actively, the grades of selected exercises and the grade of small end-of- the-course exam.

Assessment scale

0-5

Teaching methods

One contact teaching lesson, to start with: opening of the course, introductions and presentation of the implementation plan.
Thereafter, web-based studying independently and as pair work, under supervision. To finish the course with, students perform a small end-of-the-course exam at TAMK exam aquarium.
During the course implementation, the forms of web-based studies in Tabula learning environment are e.g. individual literature research,

Learning materials

To be assigned to the students in the beginning of the course Sept 22, 2016, as part of the new Tabula learning material of the course.

Student workload

Estimated as 130 h as a maximum, during the period Sept 22 - Dec 8, 2016.

Content scheduling

I Basic definitions and principles of financial management.
II Contents and utilization of corporate income statement and balance sheet.
III Fundamentals of cost accounting.
IV Corporate budgeting and reporting.
V Financial indicators and performance measurement and evaluation frameworks.
VI Business planning and analysis.

Completion alternatives

None.

Practical training and working life cooperation

- (Might happen when it comes to working life connections, if the participating students' exercise and/or assignment topics are truly business related ones.)

International connections

- (Might happen, if the participating students' exercise and/or assignment topics are truly business related ones.)

Further information

Mr Pasi Kuusijärvi, M.Sc. (Econ. & Bus. Adm.)
Senior Lecturer, Accounting and Financial Management
+358 40 846 3052
pasi.kuusijarvi@tamk.fi

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

Student has not performed all the gradable exercises, assignments or the exam in an acceptable way.

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

Student's overall grade of his/her performance in the whole of exercises, assignments and exam remains on a satisfactory level. Student's other active participation during the course is sufficient but is not good enough for upgrading his/her overall grade to a good one.

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

Student's overall grade of his/her performance in the whole of exercises, assignments and exam is a good one. Student's other active participation during the course is acceptable and sufficient.
Alternatively, student's overall grade of his/her performance in the whole of exercises, assignments and exam is highly satisfactory (the grade of 2), and his/her other active participation is very good or excellent, upgrading his/her overall grade to a good one.

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

Student's overall grade of his/her performance in the whole of exercises, assignments and exam is an excellent one. Student's other active participation during the course is on a very good or good level.
Alternatively, student's overall grade of his/her performance in the whole of exercises, assignments and exam is on a very good level (the grade of 4), and his/her other active participation is excellent as well as revealing creativeness and innovativeness, upgrading his/her overall grade to the highest one.