Financial Management (5cr)

Objectives (course unit)

In this course, the participants will gain an understanding of the key concepts of financial management, starting with the principles of obligatory financial accounting. Adopting a generic perspective based on the business financial reports, participants will then move on to examine the specific financial management methods used in their own educational context. The participants do not require any prior knowledge of financial accounting or management.
 
After completing the course, the participants will be able to: 
 
- understand the role and importance of accounting and finance 
- apply generic principles in financial and management accounting 
- utilize typical financial accounting concepts
- measure and compare options from a financial point of view 
- prepare managerial financial calculations 
- read and analyze financial reports  
- evaluate investments based on financial outcome  
- apply finance driven managerial decisions  

Content (course unit)

Financing
Profitability, liquidity and solvency and the analysis
Cost accounting concepts
Financial planning and reporting (budgeting)
Pricing