Financial Management (5 cr)

Objectives (course unit)

This course deepens the students' knowledge of management accounting methods, estimates and calculations typically used in practice in financial planning and control.

After completing the course the students
- are able to draw up different calculations for financial planning and target setting (e.g. budgets)
- understand the characteristics of a good financial report
- can formulate detailed reports and calculations using Microsoft Excel.
- understand the principals of performance measurement and are able to draw up appropriate performance indicators for company management.

Content (course unit)

How can companies implement financial planning in the long term?
What is the impact of budgeting and estimates in company management?
What is the role of performance indicators in company management?
What kinds of financial reports are used in representing the financial situation of a company?

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

The student knows the most important concepts and calculations of financial planning and control. They are able to formulate some calculations or reports based on instructions and can draw the most obvious conclusions based on the reports or calculations.

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

The student knows the main concepts and calculations of financial planning and control. They can solve practical problems based on this knowledge. The student can draw some reasonable conclusions based on the reports or calculations and is also able to somewhat combine information from different sources into a complete entity.

Assessment criteria, excellent (5) (course unit)

The student has mastered the main concepts and calculations of financial planning and control. They are able to apply this knowledge also in different situations, looking also for new solutions or operations models. The student is able to do reasonable conclusions based on the reports or calculations and also to combine information from different sources into a complete entity.

Location and time

1. jakso syksyllä 2021.
Ajankohdat ja paikka näkyvät lukkarikoneessa.

Exam schedules

Tentti 28.10. (luennot ja kirjallisuus ilmoitetuin osin)
Lisäksi arvioitavia case-tehtäviä

Evaluation methods and criteria

Arviointi perustuu case-tehtävään (40% arvosanasta) ja lopputenttiin (60% arvosanasta).

Assessment scale

0-5

Teaching methods

Luennot (etänä)
Soveltavat harjoitustehtävät
Excel-harjoitukset

Learning materials

Järvenpää, Länsiluoto, Partanen & Pellinen: Talousohjaus ja kustannuslaskenta (Sanomapro)
Åkerberg: Budjetointi 2020-luvulla (Alma Talent)
Muu opintojakson Moodle-ympäristössä kerrottu materiaali

Student workload

5 opintopistettä vastaa 5 x 27 tuntia opiskelijan työtä

Completion alternatives

Ei ole

Further information

HUOM! Kyseessä on johdon laskentatoimen syventävä kurssi, johon edeltävänä opintona vaaditaan opintojakson Kannattavuus ja sen kehittäminen suorittamista (tai vastaavat sisäisen laskentatoimen perustiedot muuten hankittuna). Avoimen amkin kautta voidaan hyväksyä mukaan vain opiskelijoita, joilla nämä ennakkovaatimukset täyttyvät!