Budgeting as a Management Tool (5cr)
Code: KD07CLLA190-6
General information
- Enrollment
- 23.10.2015 - 31.01.2016
- Registration for the implementation has ended.
- Timing
- 25.01.2016 - 31.05.2016
- Implementation has ended.
- Number of ECTS credits allocated
- 5 cr
- Local portion
- 5 cr
- Mode of delivery
- Contact learning
- Degree programmes
- Bachelor of Business Administration, Business Management
- Teachers
- Aapo Länsiluoto
- Course
- KD07CLLA190
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
Materials
- Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Luennoitsijan ilmoittamin osin.
- Länsiluoto A. Lecture handouts.
- Other material provided by the teacher
Teaching methods
- lectures and guided practices
- independent work
Employer connections
Work placement is not included in the course.
Student workload
130hours (including lectures, practices and independent working)
Assessment criteria, satisfactory (1)
Excellent 5
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.
Good 4-3
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.
Satisfactory 2-1
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.
Qualifications
Analysing and developing a business, 9 op (KD07APYR105) & Basics of Financial Management, 2 op (KD07BLLA011)