Budgeting as a Management Tool (4cr)

Code: LTVATH501-3012

General information

Enrollment: 10.11.2025 - 02.03.2026; Registration for the implementation has begun.

Timing: 10.03.2026 - 05.05.2026; The implementation has not yet started.

Number of ECTS credits allocated: 4 cr

Local portion: 0 cr

Virtual portion: 4 cr

Mode of delivery: Distance learning

Unit: SeAMK Business Management and SME Business Management

Campus: SeAMK Seinäjoki, Frami

Teaching languages: Finnish

Seats: 0 - 100

Degree programmes: Bachelor of Business Administration, Business Management

Teachers: Leena Uusitalo

Scheduling groups: Avoin AMK (Ei koske tutkinto-opiskelijaa) (Size: 5 . Open UAS : 5.)

Groups: MLITA23
Bachelor of Business Administration, Business Management, Multimodal implementation

Small groups: Open UAS (Doesn't apply to degree student)

Course: LTVATH501

Evaluation scale

1-5

Objective

Students can plan and control the financial situation of a firm as part of the management process. Students can create and calculate different budgets such as income statement, balance sheet and cash flows. Students are also capable of creating different sub-budgets e.g. for sales, purchasing. Students can evaluate how the changing demand, costs and pricing affect the success of a firm. Student knows the key concepts of the course also in English. They can evaluate the significance of budgeting for firms in the domestic and foreign markets.

Content

- budgeting process, planning and control of budgets
- content of primary budgets, income statement, balance sheet and cash flow
- content of secondary budgets, e.g. sales, purchasing
- practical implementation of budgets
- reading and reviewing a journal article concerning budgeting

Materials

- Material in Moodle
- Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Specified chapters.
- Pellinen Jukka: Talousjohtaminen, Alma Talent 2017. Specified chapters.

Teaching methods

Lectures anc exercises
Method: Teams

Student workload

Lectures and independent work 108 hours.

Assessment criteria, satisfactory (1)

Student can complete the targets of the course at a satisfactory level. Student is able to implement primary and secondary budgets at a satisfactory level. Student also knows that different changes affect the firm financial position in primary budgets.

Assessment criteria, good (3)

Student can complete the targets of course at a good level. Student is able to implement primary and secondary budgets at a good level. Student also is able to simulate how different changes affect the firm financial position at good level.

Assessment criteria, excellent (5)

Student can complete the targets of course at an excellent level. Student is able to implement primary and secondary budgets at an excellent level. Student also is able to simulate how different changes affect the firm financial position at excellent level.

Qualifications

- Basics of Accounting
- Financial management of the company