During the course the students learn to interpret a company's financial situation and profitability and to make the financial statements. They are able to utilize mathematics for economic planning and follow-up.

FINANCIAL ADMINISTRATION 1 cr
After completing the course the students
- are able to calculate the most central ratios concerning financial status and understand their interpretation
- understand how the working capital is tied to a company and how it can be regulated.

ACCOUNTING 2 cr
After completing the course the students
- are able to take care of the basic tasks related to the end of an accounting period
- can prepare a profit and loss account and balance sheet for a small firm.

MATHEMATICS 2 cr
After completing the course the students
- know the effects of change in the value of prices and currency and can handle them in calculations
- are able to make cross-currency calculations to calculate the effects of change in the value of the euro
- are able to make financial calculations using interest rate and interest rate cut-off calculations
- can use spreadsheet calculations.

FINANCIAL ADMINISTRATION
What are the key indicators of profitability, liquidity and solvency, how are they calculated and how they are interpreted?
How to manage working capital?

ACCOUNTING
How are the financial statements prepared for a small company?

MATHEMATICS
How is inflation measured and what is the value of money?
When and how is the change in the value of money taken into account in calculations?
How can the currency conversion process be made in different ways with the exchange rates quoted?
What is the impact of the exchange rate changes on consumers and businesses?
What are the different ways to repay a loan and how do they differ?
How can the total cost of different loan options be compared?
How do calculations utilize spreadsheet properties?

FINANCIAL ADMINISTRATION

The student knows the most important indicators of profitability, liquidity and solvency and is able to calculate them.



ACCOUNTING

The student knows what matters must be covered at end a company’s financial year. They know how a small company’s income statement and balance sheet are compiled, but there are gaps in the implementation.



MATHEMATICS

The student knows the most important concepts and is able to make simple calculations regarding money value, currencies and loans. They are able to perform calculations using a spreadsheet program.

FINANCIAL ADMINISTRATION

The student knows the working capital and the means to manage it. They are familiar with the most important indicators of profitability, liquidity and solvency and is able to calculate them. The student is familiar with the interpretation of key figures.



ACCOUNTING

The student has mastered the basic measures related to the termination of the financial year. They can compile the income statement and balance sheet of a small company.



MATHEMATICS

The student knows the concepts and their properties. They recognize the starting values required in the calculations in different practical situations and can cope with simple calculations of more challenging calculations. The student is able to evaluate the accuracy of the result. They are able to utilize the calculating features of spreadsheets.

FINANCIAL ADMINISTRATION

The student understands the importance of working capital management. They are able to calculate the most important indicators of profitability, liquidity and solvency and will be able to interpret the financial situation of the company.



ACCOUNTING

The student is able to apply the knowledge they have learned at end the company’s financial year. They understand the entity’s financial statements as a whole. The student is able to prepare the income statement and balance sheet of a small company.



MATHEMATICS

The student is able to apply their knowledge on various economic and financial issues. They know the concepts and their impact calculations and is thus able to evaluate the accuracy of the results. The student is able to make more challenging calculations that need to take into account several output values. The student is able to efficiently utilize the spreadsheet features, which enhance calculation.