Basics of Financial Management - Study guide

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.

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.

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.

1. The student is able to calculate basic simple and compound interest exercises. Is able to describe cost and profitability concepts and categories.

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.

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.

Virtual course.
All study and practice materials and tutorials are available in Moodle.

There are Video tutorials, Sway documents and PowerPoint materials for study. In addition, for the accounting part, the following e-book is recommended and available online with HH credentials: Accounting and finance for non-specialists, Atrill, Peter McLaney, E. J., 11th edition. Pearson Education.

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

Pasila Campus

Two (2) exams for Finance & Accounting

One exam for Business Math.

English

During this course, we utilize various real-case examples from various countries. We also utilize a variety of international sources for learning material and videos.

23.10.2023 - 15.12.2023

Quizzes in Moodle, workbooks, Exams

14.08.2023 - 20.10.2023

This is a virtual course. It has to be completed between.23.10.2023 and 15.12.2023.
Students are instructed to follow weekly schedule to be able to complete the course in the given time.

IBEB1PA1
EVENING
VIRTUAL
INSTRUCTED

Jutta Heikkilä, Juan Borra

30 - 100

All quizzes are compulsory to unlock the exam. The Quizzes require 60% correct to pass.
Only the exams are graded. The weight on the final grade is as followed
Finance & Accounting: 60%
Business Math: 40%

INTBBA International Business

0.00 cr

5.00 cr

H-5