•   Budgeting and Performance Evaluation ACC3LF104-3009 23.08.2021-17.12.2021  5   (EVENING, ...) +-
    Learning objectives
    You can prepare operational and financial budgets and measure performance against the targets. You are able to estimate revenues, expenses and resources over a certain period, including financing of the planned actions. You apply different budgeting techniques. You monitor and evaluate the business performance against the set goals. You present and communicate effectively the financial information within the organization. You make a qualitative research in the field of budgeting or performance evaluation
    Starting level and linkage with other courses
    ACC1LF101 - Basics of Financial Management
    For students doing Financial Management specialization: Financial Accounting and Business Controlling are required
    Contents
    · master budget of a company
    · forecasting and budgeting methods
    · flexible budgets and variance analysis
    · goal setting and measuring against the targets
    · key performance indicators
    · balance scorecard
    · qualitative research method
    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

    Lectures, group discussions, workbooks and quizzes, group projects for QRM

    Learning material and recommended literature

    Managerial Accounting, Braun &Tietz, chapter 1,2,9,10,11,12

    Mode of delivery

    Contact teaching

    Working life connections

    The course includes an interview to real companies

    Campus

    Pasila Campus

    Exam dates and re-exam possibilities

    07.11
    Retake at the library from January 2020

    Teaching language

    English

    Timing

    23.08.2021 - 17.12.2021

    Enrollment

    14.06.2021 - 20.08.2021

    Content scheduling

    Available in Moodle

    Groups
    • EVENING
    • LF5PACC
    • BLENDED
    • LF5EACC
    Teachers

    Juan Borra

    Seats

    15 - 40

    Further information

    according to GLOBBA assessment Criteria

    Degree Programme

    GLOBBA Degree Programme in International Business

    Evaluation scale

    H-5