Study Guide

Objective

The student knows

- how to define the basic functions of the financial administration of a company and utilize information in the profession of cultural manager
- the principles of pricing
- how to describe how the financial result is formed in productions of the cultural field and take into account what factors influence the financial result
- how to account the possibilities of circular economics in economic calculations

Content

- description of the basic functions of financial administration: management accounting and financial accounting, budget, types of income and expenditure, pricing, VAT
- use of a spreadsheet program for basic calculations and budgeting
- financial planning in productions of the cultural field: budgeting, sensitivity analysis of budgets, and risk analysis of events

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student recognises the basic functions of financial administration and understands how they can be utilised in the cultural manager's work. The student is able to prepare a budget using a spreadsheet program.

Assessment criteria, good (3)

The student is able to define and utilise the basic functions of financial administration in a diverse way.. The student is able to apply the principles of budgeting and prepare a budget for a production in the cultural field as well as to assess the effects of different types of income and expenditure.

Assessment criteria, excellent (5)

The student is able to apply the basic concepts of financial administration appropriately from the perspective of the cultural manager's work. The student can apply the principles of budgeting, prepare a well-founded budget, and critically assess the factors influencing the financial result of a production in the cultural field.

Objective

The student knows

- how to define the basic functions of the financial administration of a company and utilize information in the profession of cultural manager
- the principles of pricing
- how to describe how the financial result is formed in productions of the cultural field and take into account what factors influence the financial result
- how to account the possibilities of circular economics in economic calculations

Content

- description of the basic functions of financial administration: management accounting and financial accounting, budget, types of income and expenditure, pricing, VAT
- use of a spreadsheet program for basic calculations and budgeting
- financial planning in productions of the cultural field: budgeting, sensitivity analysis of budgets, and risk analysis of events

Materials

Provided in Moodle

Teaching methods

Teaching in classroom.

Exam schedules

Exam in the end of the course.

Completion alternatives

--

Student workload

135 hrs overall, including lessons and assignments.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student recognises the basic functions of financial administration and understands how they can be utilised in the cultural manager's work. The student is able to prepare a budget using a spreadsheet program.

Assessment criteria, good (3)

The student is able to define and utilise the basic functions of financial administration in a diverse way.. The student is able to apply the principles of budgeting and prepare a budget for a production in the cultural field as well as to assess the effects of different types of income and expenditure.

Assessment criteria, excellent (5)

The student is able to apply the basic concepts of financial administration appropriately from the perspective of the cultural manager's work. The student can apply the principles of budgeting, prepare a well-founded budget, and critically assess the factors influencing the financial result of a production in the cultural field.

Assessment methods and criteria

Evalluation based on participation, assignments and exam

Objective

The student knows

- how to define the basic functions of the financial administration of a company and utilize information in the profession of cultural manager
- the principles of pricing
- how to describe how the financial result is formed in productions of the cultural field and take into account what factors influence the financial result
- how to account the possibilities of circular economics in economic calculations

Content

- description of the basic functions of financial administration: management accounting and financial accounting, budget, types of income and expenditure, pricing, VAT
- use of a spreadsheet program for basic calculations and budgeting
- financial planning in productions of the cultural field: budgeting, sensitivity analysis of budgets, and risk analysis of events

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student recognises the basic functions of financial administration and understands how they can be utilised in the cultural manager's work. The student is able to prepare a budget using a spreadsheet program.

Assessment criteria, good (3)

The student is able to define and utilise the basic functions of financial administration in a diverse way.. The student is able to apply the principles of budgeting and prepare a budget for a production in the cultural field as well as to assess the effects of different types of income and expenditure.

Assessment criteria, excellent (5)

The student is able to apply the basic concepts of financial administration appropriately from the perspective of the cultural manager's work. The student can apply the principles of budgeting, prepare a well-founded budget, and critically assess the factors influencing the financial result of a production in the cultural field.