Evaluation of business success from financial statementsLaajuus (3 cr)
Code: LT00CZ01
Objective
Students are able to define the basic concepts of analyzing economic success of small and medium-sized enterprises (SMEs). They can list the stages of the planning and implementation of financial evaluation process. Students know how to realize a comprehensive financial statement analysis of a SME.
They know how to use financial ratios and how to interpret them in analyzing the success and value of a SME. Students know how to draw up a report on the economic success of the company and can interpret the results of analysis from the point of a firm and of its interest groups. They can estimate the significance of the comprehensive analysis for the company, which operates even on a home as well as the foreign market and for its interest groups.
Content
- Concepts and fundamental issues which are related to the evaluation of the success of SMEs
- Significance of the evaluation of the success in the decision-making of the SMEs and of their interest groups
- Principles of implementation of the evaluation: revision of the data, choice of measuring targets and of financial ratios, interpreting of financial ratios, cash flow statements, valuation
- Tools for realizing of the evaluation
- Realization of the evaluation in different decision-making situations
- Drawing up of the report from the economic success of the SME
- Thematic interview of a financial management professional
Assessment criteria, satisfactory (1)
The student has carried out work and participated as instructed. Students are able to define the basic concepts of analyzing economic success. They can list the stages of the planning and implementation of financial analysis process. Students know how to plan and realize a simple financial statement analysis of a SME. They know how to use basic financial ratios and how to interpret them in analyzing the success of a firm also in an international corporation. Students know how to plan and draw up a simple report of financial statement analysis and interpret the results of analysis from the point of a firm and its interest groups.
Assessment criteria, good (3)
The student has carried out work well and participated actively. Students are able to define the basic concepts of analyzing economic success. They can list the stages of the planning and implementation of financial analysis process. Students know how to plan and realize a financial statement analysis of a SME. They know how to use financial ratios and how to interpret them in analyzing the success of a firm also in an international corporation. Students know how to plan and draw up a report of financial statement analysis and interpret the results of analysis from the point of a firm and its interest groups. They can evaluate the significance of comprehensive financial statement analysis for SMEs and their interest groups in the domestic and foreign markets.
Assessment criteria, excellent (5)
The student has carried out work to an excellent standard and participated actively and constructively. Students are able to define the basic concepts of analyzing economic success accurately. They can list the stages of the planning and implementation of financial analysis process logically. Students know how to plan and realize a comprehensive financial statement analysis of a SME. They know how to use financial ratios and how to interpret them critically in analyzing the success of a firm. Students know how to plan and draw up a comprehensive report of financial statement analysis and interpret critically the results of analysis from the point of a firm and its interest groups. They can evaluate the significance of comprehensive financial statement analysis for SMEs and their interest groups in the domestic and foreign markets.
Enrollment
22.04.2024 - 04.09.2024
Timing
02.09.2024 - 18.12.2024
Credits
3 op
Virtual proportion (cr)
3 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Business Administration, SME Business Management
Teachers
- Leena Uusitalo
Student groups
-
MPK22
Objective
Students are able to define the basic concepts of analyzing economic success of small and medium-sized enterprises (SMEs). They can list the stages of the planning and implementation of financial evaluation process. Students know how to realize a comprehensive financial statement analysis of a SME.
They know how to use financial ratios and how to interpret them in analyzing the success and value of a SME. Students know how to draw up a report on the economic success of the company and can interpret the results of analysis from the point of a firm and of its interest groups. They can estimate the significance of the comprehensive analysis for the company, which operates even on a home as well as the foreign market and for its interest groups.
Content
- Concepts and fundamental issues which are related to the evaluation of the success of SMEs
- Significance of the evaluation of the success in the decision-making of the SMEs and of their interest groups
- Principles of implementation of the evaluation: revision of the data, choice of measuring targets and of financial ratios, interpreting of financial ratios, cash flow statements, valuation
- Tools for realizing of the evaluation
- Realization of the evaluation in different decision-making situations
- Drawing up of the report from the economic success of the SME
- Thematic interview of a financial management professional
Location and time
Hybrid
Materials
Material provided by lecturer
Teaching methods
Lectures and exercises
Student workload
Lectures and exercises 12 h
Independent work 69 h
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student has carried out work and participated as instructed. Students are able to define the basic concepts of analyzing economic success. They can list the stages of the planning and implementation of financial analysis process. Students know how to plan and realize a simple financial statement analysis of a SME. They know how to use basic financial ratios and how to interpret them in analyzing the success of a firm also in an international corporation. Students know how to plan and draw up a simple report of financial statement analysis and interpret the results of analysis from the point of a firm and its interest groups.
Assessment criteria, good (3)
The student has carried out work well and participated actively. Students are able to define the basic concepts of analyzing economic success. They can list the stages of the planning and implementation of financial analysis process. Students know how to plan and realize a financial statement analysis of a SME. They know how to use financial ratios and how to interpret them in analyzing the success of a firm also in an international corporation. Students know how to plan and draw up a report of financial statement analysis and interpret the results of analysis from the point of a firm and its interest groups. They can evaluate the significance of comprehensive financial statement analysis for SMEs and their interest groups in the domestic and foreign markets.
Assessment criteria, excellent (5)
The student has carried out work to an excellent standard and participated actively and constructively. Students are able to define the basic concepts of analyzing economic success accurately. They can list the stages of the planning and implementation of financial analysis process logically. Students know how to plan and realize a comprehensive financial statement analysis of a SME. They know how to use financial ratios and how to interpret them critically in analyzing the success of a firm. Students know how to plan and draw up a comprehensive report of financial statement analysis and interpret critically the results of analysis from the point of a firm and its interest groups. They can evaluate the significance of comprehensive financial statement analysis for SMEs and their interest groups in the domestic and foreign markets.
Assessment methods and criteria
Exam 100%