Basics of Financial Management (5 cr)

Evaluation scale

H-5

Schedule

This is a virtual course. It has to be completed between 21.8.2023 and 1.12.2023.
Students can complete the course at their own pace within the time of the course, however, students are suggested to follow a weekly schedule to be able to complete the course in the given time.

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

Virtual course.
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

Two (2) exams for Finance & Accounting

One exam for Business Math.

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.

Learning assignments

Quizzes in Moodle, xls workbooks, Exams

Assessment methods

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%