Financial Toolkit for Entrepreneurs and SME´s (5cr)

Contents

Based on personal competence needs the student can choose suitable content from a platform of alternative content. The student selects at least three alternatives. Some of these include contact lessons and some are virtual. The first contact lesson (where the student makes his/her course plan) is compulsory for everybody. Alternative offerings:

1) Interpretation and analysis of financial statements:
• Profit and loss statement
• Balance sheet
• Financial ratios (profitability, liquidity and solidity)
• Different factors affecting the financial statements

2) Investment and financing: the student understands is able to apply different investment calculations and is aware of different financing instruments on the global market
• Essential investment calculations
• Cash invested in business operations
• Different financing options and capital structure analysis
• Cash flow budgeting
• Acquisition in the small business environment

3) Business plan calculations: the student is capable of preparing calculations for the establishment of a company
• Cash flow calculations
• Profitability calculations
• Sales budgets/estimates
• Presenting and promoting calculations

4) Strategic management accounting: the student is capable of searching for and utilising diverse knowledge in strategy work as well as planning and appropriately measuring
• Management accounting that supports the strategic process
• Methods of strategic accounting and reporting in decision making
• Long term planning (model)
• Balanced Score Card based on business operations

5) Operational planning for managers: the student can identify and utilise planning tools in managerial work in an appropriate way
• Budgeting as a financial management tool – different budgeting methods
• Budgeting or not?
• Assessment, planning and follow-up of the business environment
• Operational monitoring indicators
• Developing own work and working tools
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6) Pricing and revenue management: can utilise revenue management elements:
• Pricing and pricing strategies
• Pricing and capacity management
• Maximising returns in different customer segments and distribution channels
• Revenue management in their own work
• Product, service and customer profitability

Implementation methods, demonstration and Work&Study

Depending on the chosen content, the student will participate in related tutorials, self-learning, small group work, and online studies. The course also includes compulsory self-assessment.

Recognition of prior learning (RPL)
If students have acquired the required competence in previous work tasks, recreational activities or on another course, they can show their competence via a demonstration. The demonstration must be agreed with the course teacher. More information and instructions for recognising and validating prior learning (RPL) are available at https://www.haaga-helia.fi/en/recognition-learning Look at "Instructions to students (master)"

Learning materials

Materials will be published in the implementation plan.

Lähtötaso ja sidonnaisuudet muihin opintojaksoihin

No prerequisites.

Assessment criteria - grade 1

The student is able to count, use and analyse numerical financial and business information relevant to their own work duties. He/she is capable of communicating financial information based on the needs of their own target group. He/she is able to solve issues relating to their own work duties utilising financial information and is capable of arguing his/her point.

Assessment criteria - grade 3

The student is able to apply financial thinking from various angles and analytically calculate for planning and steering purposes. He/she is able to draw conclusions regarding the financial situation of an organisation understanding key drivers as well as considering different viewpoints in the development of operations. He/she is able to put into practice financial knowledge in their own organisation.

Assessment criteria - grade 5

The student is able to apply financial thinking from different viewpoints in a critical and profound way and analytically calculate the steering of operations. He/she can draw conclusions regarding the financial situation of the organisation, including key drivers as well as constructively consider different viewpoints in the development of operations. He/she is able to critically and extensively put into practice financial knowledge when leading their own organisation

Further information

This course replaces the following course in the previous curriculum:
- Talouden hallinta ja ohjaus