Foundations of Financial Management (5 cr)

Objectives (course unit)

After completing the course student
- understands the vocabulary, main concepts and factors of financial management
- knows what kind of financial reports are used in representing the financial situation of a company
- is able to draw up different calculations for financial planning and target setting
- is able to evaluate and analyze profitability and overall financial situation of an organization
- understands the principals of cost accounting and cost structure
- knows the structure and contents of income statement and balance sheet
- is able to formulate business plan calculations

Content (course unit)

• Main vocabulary and concepts of financial management
• Contents of balance sheet and income statement
• Budgeting and reporting
• The role of key performance indicators and performance metrics
• Business plan
• The law of public procurements
• Productization

Assessment criteria, satisfactory (1-2) (course unit)

Student has achieved the objectives of the course sufficiently. Student understands main concepts, calculations and models of financial management and is somewhat able to apply the learning to practise.

Assessment criteria, good (3-4) (course unit)

Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Studentknows the concepts of financial management and is able to create calculations and models. Student can apply the learning in practical cases.

Assessment criteria, excellent (5) (course unit)

Student has achieved the objectives of the course excellently. The student masters the concepts, calculations and models of financial management in an excellent manner. Student has good capabilities to apply the learning in practice.

Exam schedules

Ei tenttiä, opintojakso suoritetaan erilaisilla verkkotehtävillä.

Evaluation methods and criteria

Arviointi verkkotehtävien (yhteensä 6 kpl) perusteella.

Assessment scale

0-5

Teaching methods

Opiskelu tapahtuu itsenäisesti verkossa.
Opintojakson lopussa on henkilökohtainen arviointi/palautekeskustelu pienryhmittäin.
Näiden ns. portfoliokeskustelujen ajat ja toteutustapa (verkko tai TAMKissa) sovitaan opettajan kanssa opintojakson aikana. Tarjolle tulee useita vaihtoehtoisia aikoja.

Learning materials

Ilmoitetaan opintojakson alussa

Student workload

5 op = 5 x 27 tuntia opiskelijan työtä.

Content scheduling

Ilmoitetaan opintojakson alussa.

Further information

Kaikki tehtävät voi tehdä yksilötöinä. Osan tehtävistä voi halutessaan tehdä myös parin kanssa. Aktiivista osallistumista verkko- ja portfoliokeskusteluihin toivotaan.

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

Student has achieved the objectives of the course inadequately. Student does not understand main concepts, calculations and models of financial management.

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 main concepts, calculations and models of financial management 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 knows the concepts of financial management and is able to create calculations and models. Student can apply the learning in practical cases.

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 financial management in an excellent manner. Student has good capabilities to apply the learning in practice.