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

Location and time

Online education according to current schedule. Some Zoom contact meetings may be substituted by independent work of groups. Changes will be informed on Moodle.

Exam schedules

No exam, grading is based on exercises given on Moodle.
Assignments graded 0-5 are given separately on Moodle.
In addition, some of the exercises are graded passed/failed, and they must be passed to get the final grade of this course.

Evaluation methods and criteria

Grading is based on exercises given on Moodle. Active attendance at guest lectures given online via Zoom highly appreciated.

Assessment scale

0-5

Teaching methods

Lectures, excercises, guest lectures / company visit, potentially learning diaries and controller / financial manager interview

Learning materials

Lecture and assignment material available on Moodle, as well as source tips and Zoom contact meeting recordings. Potentially also guest lecture materials and recordings will be available on Moodle.

Student workload

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

Content scheduling

According to the schedule and Moodle. Exceptions will be informed separately.

Completion alternatives

No exam. Evaluation based on exercises.

Practical training and working life cooperation

Online guest lectures; company contacts used by students for making the exercises.

Further information

Prerequisities for attending: Preceding course 3H-324 Liiketoiminnan taloussuunnittelu ja raportointi (Financial Planning and Reporting) or similar knowledge achieved.

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

The student has failed to pass all mandatory assignments.

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 outcomes to practice.

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 need still some further development. Student knows the concepts and is able to create calculations and models. Student can apply the learning outcomes to practice.

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 skills to apply the learning outcomes to practice.