Basics of Financial Management (5 cr)

Code: ECO001HH1AE-3057

Basic information of implementation

Timing: 23.03.2026 - 15.05.2026; The implementation has not yet started.

ECTS Credits: 5 cr

Campus: Pasila Campus

Teaching languages: English

Seats: 15 - 45

Degree programmes: INTBBA International Business

Teachers: Jutta Heikkilä; Juan Borra

Groups: CONTACT
Contact implementation; IBE1PA1
INTBBA, 1. semester, Pasila, group 1

Course: ECO001HH1AE

Evaluation scale

H-5

Schedule

Contact sessions twice a week on Pasila 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

Accounting & Finance: Lectures, team discussions, workbooks, quizzes and more...
Business Mathematics: Flipped Classroom learning method, class exercises 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.

Internationality

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

Learning assignments

Quizzes in Moodle, Excel workbooks, Exams

Assessment methods

Finance & Accounting: 60%
Business Mathematics: 40%