Opinto-opas

In this course, the participants will gain an understanding of the key concepts of financial management, starting with the principles of obligatory financial accounting. Adopting a generic perspective based on the business financial reports, participants will then move on to examine the specific financial management methods used in their own educational context. The participants do not require any prior knowledge of financial accounting or management.

After completing the course, the participants will be able to:

- understand the role and importance of accounting and finance
- apply generic principles in financial and management accounting
- utilize typical financial accounting concepts
- measure and compare options from a financial point of view
- prepare managerial financial calculations
- read and analyze financial reports
- evaluate investments based on financial outcome
- apply finance driven managerial decisions

Financing
Profitability, liquidity and solvency and the analysis
Cost accounting concepts
Financial planning and reporting (budgeting)
Pricing

The student can name the core concepts in the fields of financial and management accounting. He/she recognizes the relevant tools and methods of management accounting. The student can - read basic financial accounting information. He/she can identify basic management accounting concepts. The student gives and receive feedback, takes responsibility as an individual and as part of team under supervision. He/she recognises and is able to analyse his/her own level of interaction.

The student knows how to structure the connections between the financial statements, can explain the management accounting concepts and their role in accounting and why and how to use various accounting methods. The student makes simple bookkeeping postings, ended up with closing statement, basic financials projections, budgets and estimates and makes relevant financial comparisons for management decision making. The student makes profitability calculations, with translated results. The student gives and receives constructive feedback, operates in a professional manner by recognizing relevant development needs and is able to further develop his/her interaction skills, adding value to the team.

The student adapts the financial management themes in professional manner, finding the core financial messages. The student broadens his/her own organizational context by bringing sound financial perspectives, experiences and opinions. He/she can analyse different financial management themes with academic approach, use additional financial management research sources, and actively seeks to connect accounting in working life situations. The student finds creative solutions by combining the financial management themes, assesses diverse outcomes and finds new opportunities to improve the financial situation in practice. He/she can justify the financial decisions made by understanding their scope. The student can - use feedback to iterate the learning process, collaborate and be an asset for the team. The student develops creative and constructive working methods and shows professional commitment.

Partly informed in the first class, partly gathered during the course, as part of the learning process.

Teaching material is mainly located in the course Moodle.

Learning discussions, group work, literature, exercises, assignment.

Active participation in online classes as well as tasks & exercises 50 %.
Assignment 50 %.

English

20.08.2021 - 15.10.2021

02.07.2021 - 15.08.2021

5 cr

21YEL

0 - 35

Pasi Kuusijärvi

Pasi Kuusijärvi, M.Sc. (Econ. & Bus. Adm.), AmO, HHJ PJ
Senior Lecturer, Accounting and Financial Management

Tampere University of Applied Sciences (TAMK)
Tampere, Finland

pasi.kuusijarvi@tuni.fi
Tel. +358 40 846 3052
www.tuni.fi

MD in Educational Leadership

Master's Degree Programme in Risk Management and Circular Economy (Business)

TAMK Main Campus

5 cr

0-5

No, there is not.

Business cases for the assignments are based on the students' own organizations and workplaces. When necessary, also on some other applicable institutions' business development interests and needs.

No written exam.

Both the extremely international student group and their own organizations and workplaces form a truly international platform for new learning experiences in financial management, naturally including also already existing connections as well as a chance to create new connections locally and internationally.

The students' maximum workload is defined as 135 hours.

1 Accounting Terms and Concepts ("The Language of Business")
- Financial vs. Management Accounting; Financial Management
- Accrual vs. Cash-Based Accounting
- Financial Closing Information (The Income Statement, The Balance Sheet)
- Budgeting, Reporting and Forecasting
- Cost accounting: Variable and Fixed vs. Direct and Indirect Cost(s)

2 Performance Measurement and Evaluation
- Profitability, Liquidity and Solvency
- Financial and Non-Financial Measurement
- Performance Management Frameworks (The Balanced Scorecard; KPI; OKR; LEAN accounting,...)

3 Financial Management
- Cash and Working Capital Management
- Considerations of Digital Finance, Sustainable Finance, The Platform Economy
- Sources of Financing

4 Assignment
- choice of the target organization, research problem & financial objective(s)
- data collection and analysis for business development
- reporting and sharing the outcomes to the class
- weight in the overall course evaluation: 50 %.