Financial Managament of an Enterprise (4cr)

Evaluation scale

1-5

Objective

The student is able to evaluate and analyze the profitability and financial status of a company on the basis of the financial statements. The student knows how to calculate the basic key ratios and is able to explain their content and analyze the information they provide.

Students know the basic principles, tasks and and areas of utilisation of management accounting in a company. They know how to use, for example, cost-colume-profit analysis as a tool to measure company profitability. Students are also able to draw up basic financial calculations.

Students know the basic concepts and legislation concerning direct and indirect taxation and be able to apply them to business operations.

Content

- Financial Statements and relationships between the different parts of the financial statements
- Estimating profitability and financial status
- Comparison based on financial statements
- Cost-volume-profit analysis
- Basics of budgeting and pricing
- Financial planning and investments
- Financial ratios

Materials

Literarure and material provided by lecturer:
Neilimo & Uusi-Rauva. Johdon laskentatoimi; 2014 or newer, chapters 1 - 4 and 11
Jormakka, Koivusalo, Lappalainen & Niskanen: Laskentatoimi, 2015 or newer, chapters 5 - 9
Material from moodle and exercises.

Teaching methods

Lectures and exercises.

Exam schedules

.

Student workload

Lectures and exercises 15 h.
Independent work 93 h.

Assessment criteria, satisfactory (1)

The student is able to evaluate the profitability and financial status of a company on the basis of the key ratios given. Students are also able to draw up basic financial calculations. Students know the basic principles of management accounting and basic concepts and legislation concerning direct and indirect taxation.

Assessment criteria, good (3)

The student is able to evaluate and analyze the profitability and financial status of a company on the basis of the financial statements and key ratios given. Thhe student knows how to use, for example, cost-colume-profit analysis as a tool to measure company profitability. Students know the essential basic concepts and legislation concerning direct and indirect taxation.

Assessment criteria, excellent (5)

The student is able to evaluate and analyze the profitability and financial status of a company on the basis of the financial statements. Students know the basic principles, tasks and areas of utilisation of management accounting in a company. Students know the basic concepts and legislation concerning direct and indirect taxation and be able to apply them to business operations.

Qualifications

Basics of accounting