Basics of Financial Management (5 cr)
Code: ECO001HH1AE-3036
Basic information of implementation
- Enrollment
- 12.08.2024 - 18.10.2024
- Enrolment for the implementation has ended.
- Timing
- 21.10.2024 - 13.12.2024
- Implementation has ended.
- ECTS Credits
- 5 cr
- Campus
- Pasila Campus
- Teaching languages
- English
- Seats
- 15 - 45
- Degree programmes
- INTBBA International Business
- Teachers
- Jutta Heikkilä
- Leena Mekkonen-Leppänen
- Groups
-
IBE1PA3INTBBA, 1. semester, Pasila, group 3
-
CONTACTContact implementation
- Course
- ECO001HH1AE
Evaluation scale
H-5
Schedule
Contact sessions twice a week on campus
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
Accounting and finance for non-specialists, Atrill, Peter McLaney, E. J., 11th edition. Pearson Education.
Teaching methods and instruction
Math: Flipped Classroom and class exercises
Accounting & Finance: Lectures, team discussions, workbooks and quizzes
Working life connections
During this course we utilize various real case examples from various countries.
Exam dates and re-exam possibilities
Timing of the exams will be informed in the beginning of the course.
There are three exams:
Math Exam
Finance & Accounting Exam1
Finance & Accounting Exam 2
Internationality
During this course we utilize various real case examples from various countries.We also utize a variety of international sources for the learning material and videos.
Learning assignments
Quizzes in Moodle, Excel workbooks, Exams
Assessment methods
Math: 40%
Finance & Accounting: 60%