Financial Management and Developing Management Control SystemsLaajuus (5 cr)
Code: 5E00DK76
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.
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.
Enrollment
11.11.2024 - 15.01.2025
Timing
01.01.2025 - 31.05.2025
Credits
5 op
Virtual proportion (cr)
3 op
Teaching languages
- Finnish
Degree programmes
- Master of Engineering, Construction Engineering
- Master of Engineering, Technology Competence Management
- Master's Degree Programme in Business Competence
- Master's Degree Programme in Food Chain Development
- Master of Hospitality Management, Food Chain Development
Teachers
- Tuulia Potka-Soininen
Scheduling groups
- Avoin AMK (Ei koske tutkinto-opiskelijaa) (Size: 10. Open UAS: 10.)
Student groups
-
YTOJ24Master of Engineering, Technology Competence Management
-
YRAK24Master of Engineering, Construction Engineering
-
YRKK24RMaster of Hospitality Management, Food Chain Development
-
YLI23Master of Business Administration, Business Competence
-
YRKK24IMaster of Engineering, Food Chain Development
Education groups
- Open UAS (Doesn't apply to degree student)
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.
Enrollment
13.11.2023 - 17.01.2024
Timing
15.02.2024 - 26.05.2024
Credits
5 op
Teaching languages
- Finnish
Degree programmes
- Master of Engineering, Technology Competence Management
Teachers
- Tuulia Potka-Soininen
Student groups
-
YTOJ23Master of Engineering, Technology Competence Management
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.
Teaching methods
Contact teaching.
Student workload
Lectures 20 hours.
Assignments and independent work 115 hours.
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 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.
Assessment criteria, excellent (5)
The student has done 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 assess 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.
Enrollment
17.04.2023 - 06.09.2023
Timing
29.09.2023 - 17.12.2023
Credits
5 op
Teaching languages
- Finnish
Degree programmes
- Master's Degree Programme in Business Competence
Teachers
- Soili Lepistö
Student groups
-
YLI23Master of Business Administration, Business Competence
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.
Teaching methods
Contact teaching.
Student workload
Lectures 20 hours.
Excercises and independent work 115 hours.
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 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.
Assessment criteria, excellent (5)
The student has done 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 assess 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.