Financial Managament of an Enterprise
| Structure Type: | Course |
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| Code: | LTYA103 |
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| Type: | Compulsory |
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| Level: | Bachelor |
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| Credits: | 4.0 points |
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| Responsible Teacher: | Palomäki, Juhani |
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| Teacher Team: | Kytönen Erkki |
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| Language of Instruction: | Finnish |
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Course Implementations, Planned Year of Study and Semester
| Curriculum | Semester | Credits | Start of Semester | End of Semester |
| LITAKO-2015 |
2 autumn |
4.0 |
2016-08-01 |
2016-12-31 |
| PK-2015 |
2 autumn |
4.0 |
2017-08-01 |
2017-12-31 |
| LITAKO-2016 |
2 autumn |
4.0 |
2017-08-01 |
2017-12-31 |
| PK-2016 |
2 autumn |
4.0 |
2018-08-01 |
2018-12-31 |
Learning Outcomes
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.
Student's Workload
- lectures and guided practice and group work 58 h
- independent work 50 h
Prerequisites / Recommended Optional Courses
Basics of accounting
Contents
- 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
Recommended or Required Reading
- Neilimo & Uusi-Rauva. Johdon laskentatoimi, 2007 or newer
- Jormakka, Koivusalo, Lappalainen & Niskanen: Laskentatoimi, 2009 or newer
- Eskola, Anne - Mäntysaari, Anne: Talousosaamisen perusteet
- material provided by teacher
Mode of Delivery / Planned Learning Activities and Teaching Methods
- lectures and guided practices
- group work
- independent work
Assessment Criteria
Exellent (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.
Good (4-3): 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.
Satisfactory (2-1): 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 Methods
- exam 80 %
- exercises 20 %
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