Financial Management (5cr)

Evaluation scale

0 - 5

Content scheduling

External accounting
Basics of municipal and joint municipal authority finance
Management accounting
Financial analysis
Investments, risk management and sector-specific characteristics
Structures of responsible financial management
Implementing effective corporate responsibility

Objective

After completing the course, students will have mastered the key methods of corporate financial management and will be able to apply them in business management and its development as well as in decision-making. Students will understand the links between financial management and strategic management. He/she will be able to prepare financial analyses of the company/organisation and to interpret, evaluate and apply the information obtained from these analyses in decision-making and management. The student will be able to design, prepare and develop financial reports and operational calculations and plans. They can assess the impact of different measures on the profitability, liquidity and solvency of an enterprise. The student will be able to develop the financial management of his/her organisation and to develop financial communication to internal and external stakeholders.

Execution methods

Multi-modal implementation (online-lectures and independent learning)

Accomplishment methods

Online studies
Preliminary assignments are done in the summer and returned by 31.8.
Distance learning and guidance
Group assignments
Independent assignments
Final assignments
Exam

Content

Financial management as part of the management system
Various financial reports, calculations and plans to support decision-making
Financial analysis, ratios and their interpretation and use in management and decision-making
Managing profitability, liquidity and capital structure
Financial communication as part of the financial management system

Location and time

The introductory lecture will be held on 5 June 2026, after which progress continues at an individual pace.

Materials

TBA in ReppuMoodle.

Teaching methods

Lectures (5 sessions) delivered online. Recordings will be provided.
Completion takes place independently in the online learning environment.

Exam schedules

Two exams completed independently in the online learning environment and a submitted portfolio. All assignments must be completed by mid-December; the exact schedule will be announced in the first lecture.

Completion alternatives

According to the RPL (Recognition of Prior Learning) process.

Student workload

135 hours of student work.

The course Financial Management is completed primarily independently in the online learning environment and includes five lectures. The lectures apply the studied topics through practical examples. The lectures support the materials provided in the learning environment but do not replace them.
The learning materials include videos, e‑books and practice assignments. The materials partially complement one another. Not all materials are intended to be studied comprehensively. It is possible to focus on the materials according to one’s own learning style.

Assessment criteria, satisfactory (1)

The student can analyse and interpret the current state of financial planning and management and can justify the need to develop financial management. They can apply the theoretical background of financial management, the requirements and needs of legislation and stakeholders in planning, decision-making and reporting. They can analyse and develop financial management and financial reports to support decision-making.
Students will be able to develop a coherent plan for the development of financial management in their own workplace, based on theories and research and containing reliable and well-founded conclusions.

Assessment criteria, good (3)

The student can analyse and interpret the current state of financial planning and management and can justify the need to develop financial management. They can apply the theoretical background of financial management, the requirements and needs of legislation and stakeholders in planning, decision-making and reporting. They can analyse, interpret, anticipate and develop financial management and financial reports to support decision-making.
The student will be able to prepare a good and coherent development plan demonstrating mastery of financial management in his/her own workplace, based on theories and research and containing reliable and well-founded conclusions.

Assessment criteria, excellent (5)

The student can analyse and interpret the company's financial situation and the current state of financial planning and management and can justify the development needs of financial management. They can apply the theoretical background of financial management and the requirements and provisions of laws and expectations of stakeholders in planning, decision-making and reporting. They can analyse, interpret, anticipate and develop financial management and financial reports to support decision-making.
The student will be able to produce an exellent development plan for financial management in the workplace, based on theories and research, and containing reliable and well-founded conclusions.