The basics of financial aspects in leadership (5 cr)

Objectives (course unit)

You are able to take into account the financial goals of a service enterprise and act accordingly from the leadership point of view. You are able to interpret financial information. You are able to utilize financial information in management decision making. You are able to apply the most common price setting methods.

Content (course unit)

How can the profitability of a service enterprise be affected? How does the price setting affect the profitability of an enterprise? What do financial statements indicate about the financial situation of a service enterprise? What kind of key ratios and indicators can be used in analyzing the economic situation of a service enterprise? What kind of calculations can be used in decision making?

Exam schedules

More information on learn pages. Check details and timetables for exams and quizzes.

Assessment methods and criteria

THE EVALUATION DEPENDS ON: Quizzes and exams (100 percent), max 120 points. The assessment is based on the total points collected by the student from the quizzes and exams. Ten topics; eight quizzes and two or three exams. Grades: 1-5 120 - 108 points = 5 107 - 96 points = 4 95 - 84 points = 3 83 - 72 points = 2 71 - 59 points = 1 58 - 00 points = Failed

Assessment scale

1-5

Teaching methods

Self-study-based course with 2-3 exams and quizzes. Instructions and tasks on XAMK's Learn platform.

Learning materials

Course and exam book: Bettner Mark S: Using Accounting and Financial Information, 2014. (The book is mandatory and available as an e-book from the XAMK’s Kaakkuri Library.) (Extrabook (this book is not mandatory): Elliott, B. and Elliott, J. (2019) Financial Accounting and Reporting (19th edn), Harlow, Essex, Pearson Education Limited. Texts/articles picked up by teacher. Other study material can be found on the Learn website of the course. The studies are based on material there or linked therein. All the teaching to be given has been recorded and can also be found on the Learn website of the course.

Student workload

135 hours.

Content scheduling

More details: see course's websites.

Practical training and working life cooperation

The course does not include guided working life co-operation.

International connections

The course does not include guided international co-operation.

Further information

The completion of the course is based on the student's own active work; getting to know the materials and answering exams. Course schedules must be followed. The course completion is automated. Exams and quizzes on duty freely within the deadline. More detailed instructions on the course's Learn website. This course is carried out by Xamk Open University of Applied Sciences. Xamk degree students cannot enroll on this course.