Financial Management (5 cr)

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.

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

Materials

Ilmoitetaan ReppuMoodlessa.

Evaluation scale

0 - 5

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.

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, 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.