How to Make Financial ForecastsLaajuus (1 cr)
Course unit code: ECO001AS4AE
General information
- ECTS credits
- 1 cr
- Teaching language
- English
Learning objectives
After completion of this course, you should be able to identify which costs may be classified as Variable Costs & which ones classify as Fixed Cost and how all these costs are calculated and the element to be included.
Upon completion of this course, you should be able to show the sources of needed finances to run your business. In addition, the course helps you to identify different techniques and tools for revenue stream and profitability calculation and analysis.
Thus, upon completion of this course, you should be able to make simplified sales forecast. Finally, participants are expected to get familiar and to understand the composite of annual balance sheet and to make simple result analysis to assess profitability of any business.
Contents
- Investment planning
- Fixed Cost & Variable Costs
- Sources of finances
- Revenue stream
- Calculation of Breakeven point.
- Profitability analysis
- Sales forecast
- Understanding and analysis of balance sheet
Lähtötaso ja sidonnaisuudet muihin opintojaksoihin
The course is suitable for everyone interested in the practicalities of starting entrepreneurial venture either in Finland or abroad.
Assessment criteria - grade 1
When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.
Assessment criteria, approved/failed
The course is graded pass/fail