•   Basics of Financial Management ECO001HH1AE-3001 22.08.2022-16.12.2022  5   (IBE1PA3, ...) +-
    Learning objectives
    After having completed this course or attained an equivalent competence level, the student:
    Can calculate and apply simple and compound interest calculations in various business cases,
    Knows how to analyze the income statement, balance sheet, and cost structure, and understands their cause-effect relationships
    Knows how to calculate key figures based on the financial information of a company and how to interpret them.
    Introduction to "3 P" model: profit, people and planet" with focus on the profit side of this.
    Knows the basics of cost-volume-profit analysis
    Knows basic pricing models and is able to apply VAT (value-added tax) in pricing.
    The course includes various examples and business case of international companies.
    Contents
    Business Mathematics, simple and compound interest calculations
    Basics of Financial Accounting: Financial statements, Balance Sheet, and Income statement
    Basics of Managerial Accounting: Cost behavior, Cost Volume Profit, Break-even point, and related calculations
    Principles of pricing and VAT.
    Assessment criteria
    Assessment criteria - grade 1
    1. The student is able to calculate basic simple and compound interest exercises. Is able to describe cost and profitability concepts and categories.
    Assessment criteria - grade 3
    3. The student is able to select and apply the correct interest calculation method. Is able to describe the core principles of management and financial accounting. Is able to describe the effects of business transactions on the company’s income statement, balance sheet and profitability. Is able to independently calculate the key figures of the income statement and balance sheet.
    Assessment criteria - grade 5
    5. The student Is able to apply simple and compound interest independently in various business cases. Is able to analyze and interpret the income statement and balance sheet as well as key figures based on them. Is able to make decisions based on financial information as well as combine theoretical and practical information. Is able to apply VAT (value-added tax) in simple pricing.
    Teaching methods and instruction

    Math: Flipped Classroom, class exercises and quizzes.
    Accounting & Finance: Lectures, team discussions, workbooks, quizzes and more...

    Learning material and recommended literature

    Accounting and finance for non-specialists, Atrill, Peter McLaney, E. J., 11th edition. Pearson Education.

    Working life connections

    During this course we utilize various real case examples from various countries.

    Campus

    Pasila Campus

    Exam dates and re-exam possibilities

    Math Exam: 26.09.2022
    Finance & Accounting Exam: 5.12.2022

    Teaching language

    English

    Internationality

    During this course we utilize various real case examples from various countries.We also utize a variety of international soruces for the learning material and videos.

    Timing

    22.08.2022 - 16.12.2022

    Learning assignments

    Quizzes in Moodle, workbooks, Exams

    Enrollment

    15.08.2022 - 19.08.2022

    Content scheduling

    Mondays at 8-11 in classroom 2006

    Groups
    • IBE1PA3
    • CONTACT
    Teachers

    Jutta Heikkilä, Juan Borra

    Seats

    15 - 40

    Further information

    Math: 40%
    Finance & Accounting: 60%

    Degree Programme

    INTBBA International Business

    Evaluation scale

    H-5