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.

Location and time

Opiskelu tapahtuu itsenäisesti verkossa 7.3.-31.5. välisenä aikana. Tarkemmat ohjeet verkko-opiskelusta tiedotetaan opiskelijoille opintojakson alussa. Opintojakson lopuksi pidetään henkilökohtainen arviointi/palautekeskustelu. Aika sovitaan erikseen.

Exam schedules

Ei tenttiä, opintojakso suoritetaan erilaisilla verkkotehtävillä.

Evaluation methods and criteria

Arviointi verkkotehtävien (yhteensä 6 kpl) perusteella.

Assessment scale

0-5

Teaching methods

Itsenäinen ja ohjattu verkko-opiskelu

Learning materials

Järvenpää, Länsiluoto, Partanen & Pellinen: Talousohjaus ja kustannuslaskenta,
Sanomapro , 2013 tai uudempi

Niskavaara Eeva: Yritystaloutta esimiehille, AlmaTalent 2017 (tai uudempi)

Jormakka, Koivusalo, Lappalainen & Niskanen: Laskentatoimi, Edita 2015

Student workload

5 op = 5 x 27 tuntia opiskelijan työtä.

Content scheduling

Jakso 1: 7.3. - 17.4.2022
Talouden peruskäsitteet ja tilinpäätöksen asiakirjat
Talouden suunnittelu ja budjetointi
Tunnusluvut ja suoritusmittaristot

Jakso 2: 18.4.-31.5.2022
Tuotekustannuslaskenta
Tuotteistaminen ja hankintalaki
Liiketoimintasuunnitelma

Further information

Kaikki tehtävät voi tehdä yksilötöinä. Osan tehtävistä voi tehdä myös parin kanssa. Aktiivista osallistumista verkkokeskusteluihin 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. 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) (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.