Study Guide

Objective

Students are able to define the basic concepts of long and short term financial planning. They can list the stages of the planning and realizing of a financial management process. Students can work out calculations for financial management and assess the importance of them in planning the profitability of investments also in an international SME. Students know how to realize an investment and financial plan and interpret the results from the point of management view. They can evaluate the significance of comprehensive financial management for SMEs in the domestic and foreign markets.

Content

- Concepts and basic issues of the long term financial planning
- Concepts and basic issues of the short term financial planning
- Significance of the financial planning for SMEs
- Realization of the long term financial planning: investment decisions, financing structure, financing decisions
- Principles of implementation of the liquidity management: purchase debt management, credit management, cash management, payment systems
- Tools for the planning and realization of financing

Assessment criteria, satisfactory (1)

The student has completed the given tasks/sections. The student is able to define the basic concepts related to the financing planning of an SME. He/she is able to present the stages of financial planning and implementation. He/she is able to use basic calculation methods and guidelines for interpreting calculation results in assessing the profitability of investments and planning financing also in an international company. He can draw up a simple financial plan. The student is able to evaluate the importance of financial planning.

Assessment criteria, good (3)

The student has completed the given tasks/sections well and has actively participated in the course. The student is able to define the basic concepts related to the financing planning of an SME. He/she is able to present the stages of financial planning and implementation. He/she is able to use a variety of calculation methods and guidelines for the interpretation of calculation results in assessing the profitability of investments and planning financing. He/she is able to draw up a financial plan and interpret the results. The student is able to evaluate the importance of financial planning for SMEs.

Assessment criteria, excellent (5)

The student has completed the given assignments/sections commendably and has actively and constructively participated in the course. The student is able to precisely define the basic concepts related to the financing planning of an SME. He/she is able to logically present the stages of financial planning and implementation. He/she is able to use calculation methods and guidelines for the interpretation of calculation results in a versatile and critical way in assessing the profitability of investments and planning financing. He/she is able to draw up a comprehensive financial plan and interpret the results. The student is able to comprehensively assess the key importance of financial planning for SMEs operating in both domestic and foreign markets.