Financial Planning (3op)

Osaamistavoitteet (Opintojakso)

The course presents the common financial practices when setting up a company, planning business profitability and working capital needs. The approach is practical with case studies.

After completing the course, the students will be able to:
• Adopt the key elements for stable financial position of a company
• Estimate and simulate profitability, Cost-Volume-Profit analysis
• Prepare relevant financial projections for starting a company, budgeting
• Set the needs for working capital
• Attach financial plans, as part of business plan

Sisältö (Opintojakso)

• What are the factors of profitable business?
• How to make company profit and loss budget?
• How to estimate cash flow needs?
• How to simulate and improve company profitability?
• What are the local aspects of company financials?

Aika ja paikka

The course takes place during period 2, detailed weekly calendar is to be set by TAMK officials.

Tenttien ja uusintatenttien ajankohdat

The exam is to be informed during the first lecture. The retakes are informed as needed, mimimum once per period.

Arviointimenetelmät ja arvioinnin perusteet

The course evaluation based on exam, 100%.

Arviointiasteikko

0-5

Opiskelumuodot ja opetusmenetelmät

The course covers contact teaching, exercises and team working.

Oppimateriaalit

The course is based on slides and exercises provided by the lecturer. In addition there is a book as a voluntary extension: Accounting & Finance, an introduction, McLaney - Atrill, any edition.

Opiskelijan ajankäyttö ja kuormitus

The course is 3 credits, 81 hours of studying.

Sisällön jaksotus

There are 5 lectures and the exam during this course. The content is as follows:

1. Capital needs
2. Business profitability, CVP
3. Profitability and pricing
4. Profitability exercises
5. Budgeting
6. Exam

Toteutuksen valinnaiset suoritustavat

-

Harjoittelu- ja työelämäyhteistyö

-

Kansainvälisyys

-

Lisätietoja opiskelijoille

-

Arviointikriteerit - hylätty (0) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student is not able to make basic management accounting calculations.

Arviointikriteerit - tyydyttävä (1-2) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student is able to make basic profitability calculations and understands the concept of profitability.

Arviointikriteerit - hyvä (3-4) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Student is able to make all financial management accounting calculations and also is able to understand the financial needs of a starting company.

Arviointikriteerit - kiitettävä (5) (Ei käytössä, kts Opintojakson Arviointikriteerit ylempänä)

Students connects the theory of profitability in professional manner, within budgeting and practical approach of capital needs. He aligns the concept of price elasticity with financial outcome.