•   Basics of Financial Management ECO001HH1AE-3025 21.08.2023-13.10.2023  5   (IBE2PA1, ...) +-
    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.
    Further information
    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.
    Teaching methods and instruction

    In the Accounting Section, you will learn some basics of Finance and accounting, an Introduction to the main financial statements, the cost volume profit and break-even point model, and basics of pricing and VAT. We use lectures, class discussions, exercises and study mtaerials for this part of the course

    In the Business Math part, you will learn to apply suitable interest calculations in different situations. This part of the course is Flip classroom, students study on their own the topics and watch the videos prior to the class, and use the class for exercises.

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

    Learning material and recommended literature

    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.

    Working life connections

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

    Campus

    Pasila Campus

    Exam dates and re-exam possibilities

    Two (2) exams for Finance & Accounting

    One exam for Business Math.

    Specific dates will be given in Moodle

    Teaching language

    English

    Internationality

    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.

    Timing

    21.08.2023 - 13.10.2023

    Learning assignments

    Quizzes in Moodle, workbooks, Exams

    Enrollment

    12.06.2023 - 18.08.2023

    Content scheduling

    The course runs on Mondays from 8-10:45 and Fridays from 11-13:45 in classroom 3003, check mynet for any possible change.

    Groups
    • IBE2PA1
    • CONTACT
    Alternative learning methods

    Attend virtual course with no class participation.

    Teachers

    Juan Borra, Toni Ernvall

    Seats

    15 - 40

    Further information

    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%

    Degree Programme

    INTBBA International Business

    R&D proportion

    0.00 cr

    Virtual proportion

    0.00 cr

    Evaluation scale

    H-5