Financial Calculations (4 cr)
Code: LTB6008-3001
General information
Enrollment
01.04.2020 - 30.09.2020
Timing
01.09.2020 - 31.12.2020
Number of ECTS credits allocated
4 op
Mode of delivery
Contact teaching
Campus
Wärtsilä Campus Karjalankatu 3
Teaching languages
- English
Seats
20 - 40
Degree programmes
- Degree Programme in International Business
Teachers
- Pertti Laitinen
- Pekka Sivonen
Teacher in charge
Pertti Laitinen
Groups
-
LTBNS20Bachelor of Business Administration, International Business, Fall, 2020
Objective
You are able make different calculations of management accounting. You understand basics of business bookkeeping and the content of the financial statements as well as principles of budgeting. Furthermore, you are able to connect business operations to a company's profitability, solvency and liquidity.
You will have an understanding of the role of accounting in a company, the basis of management accounting and the content of financial statements.
You are able to produce calculations for the purpose of comparisons and decision-making, read the information of financial statements, make managerial accounting and financial calculations and understand business operations and their connection with profitability.
Content
- Concepts of corporate calculations
- Financial calculations and corporate planning functions
- Management accounting
- Budgeting system and budgets
- What is management accounting?
- What is financial accounting?
- What do different cost terms mean?
- What is profitability?
- What is traditional product costing?
- What is the content of financial statements?
- The role of accounting
- Basic concepts of business economy and accounting
- Costs and profitability of a product and a service
- Basics of investment calculations
- Business bookkeeping and financial statements
- Decision making using economic calculations and basics of budgeting
Location and time
Autumn, Wärtsilä-campus
Materials
Student will have study material in the Moodle-platform during the course. Supplementary material: Horngren, C., Foster G. & Datar, S. M.: Cost Accounting - a managerial emphasis.
Teaching methods
Learning outcomes: A student is able to make different calculations of management accounting. The student understands basics of business bookkeeping and the content of the financial statements, company taxation and value-added taxation as well as principles of budgeting. Furthermore the student is able to connect business operations to a company's profitability, solvency and liquidity.
Core content: The role of accounting, basic concepts of business economy and accounting, costs and profitability of a product and a service, basics of investment calculations, business bookkeeping and financial statements, company taxation and value-added taxation and decision making using economic calculations and basics of budgeting.
Teaching methods: lectures, exercises, assignments and self-study
Exam schedules
Exam will take place at the end of the course.
Student workload
Contact teaching 40 h, Indipendent study 67 h
Evaluation scale
H-5