Study Guide

Objective

The student is able to present the various stages of planning and implementation of financial management. He knows how to use management accounting methods and their results in financial management. He can use key figures and their interpretation guidelines to assess a company's success and value from the perspective of the company and its various stakeholders. The student is able to assess the importance of financial management for companies and other organisations. After completing the course, the student understands the diversity of management control systems. He is able to apply different management control systems to influence economic and business success. The student understands the importance of financial management in controlling businesses and in business development. After the course, the student will be able to use the management control systems to support decision making.

Content

Comprehensive financial management, different management accounting methods in financial management, use of financial statement analysis and valuation in financial management. Management control system, planning (key performance indicators, life cycle and target cost calculation) and control (activity-based and total quality management) support systems.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student has actively participated in the course work and successfully completed the assignments given during the course. During the course, the student has demonstrated the ability to understand the basic concept of the subject and the student has been able to use the basic concept of the course in the assignments given.

Assessment criteria, good (3)

The student has performed well in the course studies, participated actively in course work and completed the assignments given during the course. During the course, the student has demonstrated a good understanding of the concepts of the subject and applied them in practice. The student is able to identify different aspects of financial management and assess their relevance to an individual company. The student has developed an understanding of the use of different management accounting methods and management control systems in the financial management of the company. He is also able to assess the importance of financial management and management control systems in the management of a company. The student is able to present a justifiable assessment of the success of an individual company based on key figures. The student has been able to present clear development solutions in their own development task.

Assessment criteria, excellent (5)

The student has completed the course commendably, participated actively in course work and completed the assignments given during the course. During the course, the student has demonstrated a commendable ability to understand the concepts of the subject and to apply them in practice. The student is able to identify different aspects of financial management and analyze their significance for an individual company. The student is able to evaluate the use of different management accounting methods and management control systems in the financial management of the company. He is also able to analyze the importance of financial management and management control systems in the management of a company. The student is able to form a well-founded understanding of the success of an individual company by analyzing key figures. The student has been able to present new and justifiable development solutions in his or her own development assignment.

Assessment criteria, good (3)

The student has actively participated in the course work and successfully completed the assignments given during the course. During the course, the student has demonstrated the ability to understand the basic concept of the subject and the student has been able to use the basic concept of the course in the assignments given.

Assessment criteria, excellent (5)

The student has performed well in the course studies, participated actively in course work and completed the assignments given during the course. During the course, the student has demonstrated a good understanding of the concepts of the subject and applied them in practice. The student is able to identify different aspects of financial management and assess their relevance to an individual company. The student has developed an understanding of the use of different management accounting methods and management control systems in the financial management of the company. He is also able to assess the importance of financial management and management control systems in the management of a company. The student is able to present a justifiable assessment of the success of an individual company based on key figures. The student has been able to present clear development solutions in their own development task.

Assessment criteria, approved/failed

The student has completed the course commendably, participated actively in course work and completed the assignments given during the course. During the course, the student has demonstrated a commendable ability to understand the concepts of the subject and to apply them in practice. The student is able to identify different aspects of financial management and analyze their significance for an individual company. The student is able to evaluate the use of different management accounting methods and management control systems in the financial management of the company. He is also able to analyze the importance of financial management and management control systems in the management of a company. The student is able to form a well-founded understanding of the success of an individual company by analyzing key figures. The student has been able to present new and justifiable development solutions in his or her own development assignment.