Basics of Financial Management (5 cr)

Code: ECO001HH1AE-3023

Basic information of implementation

Enrollment: 02.01.2024 - 22.03.2024; Enrolment for the implementation has ended.

Timing: 25.03.2024 - 17.05.2024; Implementation has ended.

ECTS Credits: 5 cr

Campus: Pasila Campus

Teaching languages: English

Seats: 15 - 45

Degree programmes: ITBBA Business Information Technology

Teachers: Juan Borra; Timi Kohonen

Groups: CONTACT
Contact implementation; ITE4PADIG1
Business Information Technology, 4th semester, Digital Services, Pasila, group 1; ITE4PAICB1
Business Information Technology, 4th semester, ICT and Business, Pasila, group 1; ITE4PASOF1
Business Information Technology, 4th semester, Software Development, Pasila, group 1; ITE4PAICI1
Business Information Technology, 4th semester, ICT Infrastructure and Cloud Services, Pasila, group 1

Course: ECO001HH1AE

Evaluation scale

H-5

Schedule

Tuesdays and fridays from 2-1630. For detailed Schedule check moodle

Implementation methods, demonstration and Work&Study

Classroom, hybrid and virtual.

Intro

Welcome! In this course, you will learn some basic accounting-finance concepts you will use for your entire professional career and also get to learn some business math-related concepts.

If you engage, study and participate actively, you will be able to understand financial statements and use various accounting methods for decision-making purposes, and also learn some basic concepts of mathematics for business, calculating simple and compound interest, while learning how to use MS excel to do some calculations.

You will be able to interpret the content of financial statements with the help of the main financial ratios.
You will be able to make distinctions between different cost types and understand the cost behavior and its implications for profitability calculations.
You will be able to understand the use of cost-volume-profit analysis for different purposes like sensitivity analysis and price-setting.
You will be able to understand the use of basic cost allocation methods for decision-making purposes.
You will be able to understand and prepare basic income statements and cash budgets.
Looking forward to working together!

Materials

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.

Teaching methods and instruction

Lectures, team discussions, guest speakers, class exercises
All study and practice materials and tutorials are available in Moodle.

Working life connections

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

Exam dates and re-exam possibilities

Attendance and quizzes are part of the grading criteria, in addition to Two (2) exams for Finance & Accounting and One exam for Business Math.
Check grading criteria % in moodle

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.

Completion alternatives

You can RPL this course if you think you already have the knowledge-skills through work experience or prior studies, contact the teacher for more information

Learning assignments

Quizzes in Moodle, workbooks, Exams

Assessment methods

Attendance : 10% (compulsory 70%)
Quizzes': 20%
Finance & Accounting:40%
Business Math: 30%