Opinto-opas

Tavoitteet (OJ)

The course provides its students with a complete big picture of the current financial and management accounting fundamentals. Its main objective is to enable the students to relate both their basic and advanced financial knowledge and skills to their business development actions and projects in practice, and to utilize the studied approaches, methods, and frameworks of the course as part of that, especially in their educational contexts.
After completing the course, the student will be able to

• use the financial and management accounting terminology and information to support decision-making
• read, interpret, and analyze financial closing and statement information, and apply it also in budgeting and forecasting, in an educational context
• solve the values of typical profitability, liquidity, and solvency measures
• perform sensitivity analyses as part of profitability and cash planning
• take into consideration the effects of digital transformation and sustainability in business planning
• tentatively apply a strategic performance measurement and evaluation framework in an example educational context
• communicate financial information and analysis work outcomes efficiently.

Sisältö (OJ)

• Accounting and decision-making: the role of financial management
• Financial and management accounting: definitions, terms, and concepts
• Financial closing, fundamentals of the income statement and the balance sheet
• Profitability, liquidity, and solvency measures, in an educational context
• Financial planning and control, annual budgeting, forecasting
• Sensitivity (i.e., “what-if”) analysis, e.g., ROI DuPont
• Cash and working capital management, e.g., The Cash Conversion Cycle
• Considerations of digital and sustainable finance
• The students’ applications of theory to practice, in the educational cases of theirs.

Esitietovaatimukset (OJ)

None

Lisätiedot (OJ)

None

Arviointikriteerit, tyydyttävä (1-2) (OJ)

The students can explain the role of accounting in businesses understandably and identify and name most of the core concepts in the fields of financial and management accounting. The students can read and communicate basic-level financial accounting information. They can solve the values of basic accounting measures quite reliably and apply some of the more advanced frameworks and methods acceptably. They recognise the potential benefits of modern forecasting and analysis tools and methods, and are partly able to test them, e.g., in the context of assignments. They perform the main course assignment acceptably. The students give and receive feedback, take responsibility as an individual and as part of a team under supervision. They recognise and can analyse their own level of interaction.

Arviointikriteerit, hyvä (3-4) (OJ)

The students can define the key financial and management accounting terms and concepts. They can identify needs for applicable accounting methods. They can utilise the financial statement and related performance measurement information, with the help of also the recognition of connections between the financial statements. They can solve the values of accounting measures correctly and prepare company-level main budgets and forecasts relevantly. They can apply even the most advanced forecasting and analysis tools and methods mainly correctly, e.g., in the context of assignments. They know strong commitment and contribution to the main course assignment. The students give and receive constructive feedback, act professionally, recognise relevant business development needs, and can further develop their interaction skills, adding value to the team.

Arviointikriteerit, kiitettävä (5) (OJ)

The students master the key financial and management accounting terms and concepts. They can identify needs for accounting methods and make initiatives to apply them. They can analyse and utilise the financial statement and related performance measurement information skillfully, also considering the connections between the financial statements. They can solve the values of numerous accounting measures correctly and prepare company-level main budgets and forecasts case-specifically. They can apply even the most advanced forecasting and analysis tools and methods very skillfully, even in demanding contexts. They show excellent commitment and contribution to all the course assignments. The students give and receive constructive feedback, act professionally and creatively, recognise relevant business development needs, and can further develop their strong interaction skills, adding remarkable value to the team.

Aika ja paikka

From Aug 20 to October 10, 2024.

After the intense week class of Aug 2024, an 100 % online course, in the case of this autumn 2024 implementation.

Tenttien ja uusintatenttien ajankohdat

No written exam.

Arviointimenetelmät ja arvioinnin perusteet

Active participation in online classes, tasks and exercises 40-50 %.
Assignment 50-60 %.

Arviointiasteikko

0-5

Opiskelumuodot ja opetusmenetelmät

Learning discussions, group work, literature, exercises, assignment.

Oppimateriaalit

Partly informed in the first two classes, partly gathered during the course, as part of the learning process.

Teaching material is mainly located in the course Moodle.

Opiskelijan ajankäyttö ja kuormitus

The students' workload can vary a lot based on their earlier experiences of accounting and finance. As a maximum, it is, anyway, pre-defined to be 135 hours.

Sisällön jaksotus

1 Accounting Terms and Concepts ("The Language of Business")
- Financial vs. Management Accounting; Financial Management
- Accrual vs. Cash-Based Accounting
- Financial Closing Information (The Income Statement, The Balance Sheet)
- Budgeting, Reporting and Forecasting
- Cost accounting: Variable and Fixed vs. Direct and Indirect Cost(s)

2 Performance Measurement and Evaluation
- Profitability, Liquidity and Solvency
- Financial and Non-Financial Measurement
- Performance Management Frameworks (The Balanced Scorecard; KPI; OKR; LEAN accounting,...)

3 Financial Management
- Cash and Working Capital Management
- Considerations of Digital Finance, Sustainable Finance, The Platform Economy
- Sources of Financing

4 Assignment
- Choice of the target organization, research problem & financial objective(s)
- Data collection and analysis for business development
- Reporting and presenting the outcomes to the class
- Weight in the overall course evaluation: 50 % or 60 % (to student's favor in overall course evaluation).

Toteutuksen valinnaiset suoritustavat

No, there is not.

Harjoittelu- ja työelämäyhteistyö

Business cases for the assignments are based on the students' own organizations and workplaces.

If necessary, also some other applicable institutions' business development interests and needs can act as a starting point for an assignment.

Kansainvälisyys

Both the extremely international student group and their own organizations and workplaces form a truly international platform for new learning experiences in financial management. In addition to already existing connections, there is a real chance to create new connections locally and internationally.

Lisätietoja opiskelijoille

Pasi Kuusijärvi, M.Sc. (Econ. & Bus. Adm.), AmO, HHJ PJ
Senior Lecturer, Accounting and Financial Management

Tampere University of Applied Sciences (TAMK)
School of Business and Media

pasi.kuusijarvi@tuni.fi
Tel. +358 40 846 3052
www.tuni.fi