Financial Decision-makingLaajuus (4 cr)
Code: LB10043
Credits
4 op
Objective
After successfully completing the course, you can demonstrate an understanding of the need for corporate planning in the business environment and an understanding of planning concerning all company activities. You are able to see a broad perspective of planning and control. Moreover, you will understand how the budgeting process and budgets are linked to the overall planning and control system.
Content
- Financial accounting
- Investments
- Budgeting
- Management accounting
- Calculations
Enrollment
01.04.2025 - 30.04.2025
Timing
25.08.2025 - 19.12.2025
Number of ECTS credits allocated
4 op
Mode of delivery
Contact teaching
Campus
Wärtsilä Campus Karjalankatu 3
Teaching languages
- English
Seats
20 - 50
Degree programmes
- Degree Programme in International Business
Teachers
- Markku Naumanen
Teacher in charge
Markku Naumanen
Groups
-
LBNS23Bachelor of Business Administration, International Business, Fall, 2023
Objective
After successfully completing the course, you can demonstrate an understanding of the need for corporate planning in the business environment and an understanding of planning concerning all company activities. You are able to see a broad perspective of planning and control. Moreover, you will understand how the budgeting process and budgets are linked to the overall planning and control system.
Content
- Financial accounting
- Investments
- Budgeting
- Management accounting
- Calculations
Materials
will defined later on.
Teaching methods
Course Overview:
Equips you with the skills and knowledge necessary to make strategic financial decisions within an organization. Building on the foundational concepts from previous financial courses, you get to know deeper the elements of financial planning, investment analysis, and business control mechanisms. The course emphasizes the integration of financial strategies with overall business objectives, ensuring you to contribute effectively to their organization’s financial health and strategic goals.
Main Learning goals:
Understand and apply strategic financial planning in both short-term and long-term contexts.
Analyze and interpret financial statements to inform decision-making.
Evaluate investment opportunities and learn the methods to manage investment projects.
Comprehend the use of Balanced Scorecard key elements for performance measurement and strategic management.
Identify and secure funding sources for investments, tailored to the needs of small/medium-sized enterprises and large corporations.
Understand the roles and responsibilities of financial managers within an organization
Evaluation scale
H-5
Assessment methods and criteria
Your grade will consist of the following parts:
1/3 exam
1/3 group work assignment
1/3 Individual work assignments and quizzes
Assessment criteria, fail (0)
Grade 0 (failing):
Exam: Shows no understanding of the concepts. Answers are incorrect or missing.
Individual Assignments and Quizzes: Assignments are missing or show no understanding of the material. Quizzes are consistently scored very low, indicating no grasp of concepts.
Group Work Assignment: No participation or contribution. The final project is missing or shows no understanding of the material.
Assessment criteria, satisfactory (1-2)
Grade 1
Exam: Demonstrates minimal understanding. Answers are mostly incorrect or incomplete.
Individual Assignments and Quizzes: Assignments are mostly incomplete or lack clarity. Quizzes show minimal understanding of concepts. Analysis is minimal or incorrect.
Group Work Assignment: Minimal participation and contribution. The final project is mostly incomplete or lacks clarity.
Grade 2
Exam: Shows a basic understanding but with significant gaps. Answers are incomplete or partially incorrect.
Individual Assignments and Quizzes: Assignments are incomplete or poorly organized. Quizzes show significant gaps in understanding. Analysis is weak or unsupported.
Group Work Assignment: Limited participation and contribution. The final project is incomplete or poorly organized.
Assessment criteria, good (3-4)
Grade 3
Exam: Understands the basic concepts but makes some errors. Answers are generally correct but lack depth.
Individual Assignments and Quizzes: Assignments are mostly complete but may lack depth or contain some errors. Quizzes show a basic understanding of concepts. Analysis is basic.
Group Work Assignment: Participates but may not contribute significantly. The final project is complete but lacks depth
Grade 4
Exam: Understands the basic concepts but makes some errors. Answers are generally correct but lack depth.
Individual Assignments and Quizzes: Assignments are mostly complete but may lack depth or contain some errors. Quizzes show a basic understanding of concepts. Analysis is basic.
Group Work Assignment: Participates but may not contribute significantly. The final project is complete but lacks depth
Assessment criteria, excellent (5)
Grade 5
Exam: Demonstrates a thorough understanding of strategic financial planning, financial statement analysis, investment evaluation, and the Balanced Scorecard. Answers are accurate, comprehensive, and show deep insight.
Individual Assignments and Quizzes: Assignments are complete, well-organized, and demonstrate a deep understanding of the material. Quizzes are consistently scored high, showing strong grasp of concepts. Analysis is insightful and well-supported.
Group Work Assignment: Actively participates and contributes significantly to the group. The final project is well-organized, comprehensive, and demonstrates a deep understanding of the material.
Enrollment
01.04.2024 - 30.04.2024
Timing
26.08.2024 - 20.12.2024
Number of ECTS credits allocated
4 op
Mode of delivery
Contact teaching
Campus
Wärtsilä Campus Karjalankatu 3
Teaching languages
- English
Seats
20 - 50
Degree programmes
- Degree Programme in International Business
Teachers
- Iouri Kotorov
- Pekka Sivonen
Teacher in charge
Pekka Sivonen
Groups
-
LBNS22Bachelor of Business Administration, International Business, Fall, 2022
Objective
After successfully completing the course, you can demonstrate an understanding of the need for corporate planning in the business environment and an understanding of planning concerning all company activities. You are able to see a broad perspective of planning and control. Moreover, you will understand how the budgeting process and budgets are linked to the overall planning and control system.
Content
- Financial accounting
- Investments
- Budgeting
- Management accounting
- Calculations
Location and time
Wärtsiä-campus
Teaching methods
Objectives of the course
After completing the course, you will know how to plan the activities of a company and how to produce information to support decision-making. You will be able to make cost and profitability calculations. You will know investment appraisal methods and be able to prepare investment calculations. You know the principles of budgeting and can make budgets for a small company. You will be familiar with the development of a balanced scorecard. You know how to analyse business
Content
Business control, management accounting, cost and profitability calculations, pricing, investments, budgeting, financial accounting, balanced scorecard and reporting
Evaluation scale
H-5