•   Basics of Financial Management ACC1LF101-3024 22.08.2022-16.12.2022  5   (CONTACT, ...) +-
    Learning objectives
    In this course you will learn some basic accounting-finance concepts you will use for your entire professional career.
    If you engage, participate actively work & study, you will be able to understand financial statements and use various accounting methods for decision-making purposes.
    You will be able to interpret the content of financial statements with the help of main financial ratios.
    You will be able to make distinction between different cost types and understand the cost behavior and its implications to profitability calculations.
    You will be able to use cost-volume-profit analysis for different purposes like sensitivity analysis and price-setting.
    You will be able to use basic cost allocation methods for decision-making purposes.
    You will be able to prepare basics income statement and cash budget.
    You will be able to use basic tools for efficient working capital management.
    Contents
    - financial statement analysis
    - working capital
    - variable and fixed costs
    - cost-volume-profit analysis
    - cost allocation
    - budgeted income statement and cash flow
    Assessment criteria
    Assessment criteria - grade 1
    - Knowledge: You know the key concepts within the course’s scope, but are yet to develop the general view and the big picture of the subject matter.
    - Skills: - You can complete given tasks and assignments with assistance. You need to develop how to apply knowledge.
    - Competence: You demonstrate some ability to perform skills and have basic knowledge, but you have difficulty to manage without assistance
    Assessment criteria - grade 3
    - Knowledge: You know the key concepts well and can explain how the theories and models function and the tools are used. You have a general view of the subject matter.
    - Skills: You complete given tasks and assignments independently. You apply knowledge in hands-on business related situations. You can critique your own practice and identify ways to improve.
    - Competence: You demonstrate sufficient ability to perform skills and have basic to good knowledge. You can perform independently, but you have some challenges in passing on your skills and knowledge to others. You have an interest in professional development.
    Assessment criteria - grade 5
    - Knowledge: You have a strong command of the key and related concepts. You can critically evaluate theories, models and tools. You can demonstrate explicit knowledge of the subject matter, and how it relates to other disciplines.
    - Skills: You apply knowledge in demanding business related situations. You can prioritize and critically select tools and methods for solving complex problems in the subject matter.
    - Competence: You execute skills with natural proficiency and you have detailed and explicit knowledge. You can perform independently and you are also able and actively willing to help others develop and pass on your skills. You have an attitude of continuous professional development.
    Teaching methods and instruction

    This course is run in classroom - contact sessions. There will be lectures, exercises, business cases, team discussions, presentations, quizzes, exams and a lot of accounting fun!

    Learning material and recommended literature

    Accounting and finance for non-specialists, Atrill, Peter McLaney, E. J.
    The language of business by Andrew Mill. Chapter 1,2, (module 1) chapter 4, 5,7 for module 2.

    Working life connections

    Real case examples, guest speakers and some times we also visit companies

    Campus

    Pasila Campus

    Exam dates and re-exam possibilities

    Exam 1: 14.10
    Exam 2: 9.12
    Re exams are agreed with teacher within 2 weeks of the first exam.

    Teaching language

    English

    Internationality

    Case examples, articles, videos and others from international sources

    Timing

    22.08.2022 - 16.12.2022

    Learning assignments

    10 quizzes compulsory in Moodle, workbooks by module to practise the topics, additional exercises, team group presentations and 2 indivual exams

    Enrollment

    13.06.2022 - 19.08.2022

    Content scheduling

    The course starts on Friday 26.08 and finishes on 9.12. There are no contact sessions in the intensive week. The class is on Fridays from 8-10:45. More details in Moodle

    Groups
    • CONTACT
    • LF2PA
    Alternative learning methods

    Recognition of prior learning . If you think you already learned to topics we cover in this course, please discuss with the teacher to apply for this option.

    Teachers

    Juan Borra

    Seats

    15 - 40

    Further information

    Complete all the Quizzes in Moodle (average grade of all quizzes) 30%
    Exams Part I & 2 (compulsory) (Average of both exams) 60%
    Class attendance (not compulsory) 10%

    Degree Programme

    GLOBBA Degree Programme in International Business

    Evaluation scale

    H-5