Financial Calculations (5 cr)
Code: LB10010-3003
General information
- Enrollment
- 15.08.2024 - 30.09.2024
- Registration for the implementation has ended.
- Timing
- 19.08.2024 - 20.12.2024
- Implementation has ended.
- Number of ECTS credits allocated
- 5 cr
- Local portion
- 5 cr
- Mode of delivery
- Contact learning
- Unit
- International Business (BB)
- Campus
- Wärtsilä Campus Karjalankatu 3
- Teaching languages
- English
- Seats
- 20 - 50
- Degree programmes
- Degree Programme in International Business
- Teachers
- Pertti Laitinen
- Teacher in charge
- Pertti Laitinen
- Groups
-
LBNS24Bachelor of Business Administration, International Business, Fall, 2024
- Course
- LB10010
Evaluation scale
H-5
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 and read the information of financial statements. You are able to 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
Materials
Cost accounting, A managerial emphasis, Horngren, datar, Foster. Materials in course Moodle.
Teaching methods
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 and read the information of financial statements. You are able to make managerial accounting and financial calculations and understand business operations and their connection with profitability.
Completion alternatives
Task and course exam