Skip to main content

Budgeting - How do I Manage it? (2 cr)

Code: LL10095-3006

General information


Enrollment
23.08.2025 - 21.09.2025
Registration for introductions has not started yet. Registration starts :startDate
Timing
08.10.2025 - 31.12.2025
The implementation has not yet started.
Number of ECTS credits allocated
2 cr
Local portion
0 cr
Virtual portion
2 cr
Mode of delivery
Distance learning
Unit
Open UAS
Teaching languages
Finnish
Seats
20 - 70
Degree programmes
Degree Programme in Business Economics
Teachers
Jani Kettunen
Teacher in charge
Jani Kettunen
Scheduling groups
Avoimen AMK:n opiskelijat (Size: 20 . Open UAS : 20.)
Tutkinto-opiskelijat (myös Ripa) (Size: 0 . Open UAS : 0.)
Groups
TOP25_26
Other Complimentary Studies Group Semester 2025-2026
KAKS25
Karelia, Open UAS, All, Fall, 2025
Small groups
Pienryhmä (schedulingGroup) 1
Pienryhmä (schedulingGroup) 2
Course
LL10095

Evaluation scale

H-5

Objective

- Understand the role and importance of budgeting in business management
- Understand what budgeting is and what it involves
- You know the prerequisites for successful budgeting
- You can set business objectives and key performance indicators
- You can draw up simple sub-budgets and main budgets

Content

Business planning is key to a company's success. For even a small business, budgeting is an easy way to plan operations and to translate future goals into measurable action. However, it is not just a matter of putting numbers on an excel sheet, but a holistic process that involves not only planning and implementation, but also active monitoring and reacting to deviations.

This course will give you an idea of what budgeting is, what the steps are and what needs to be taken into account in the process. You will be able to apply the theory in practice and prepare a simple profit and loss, financial and balance sheet budget for a company, in addition to a partial budget.

The course consists of independent study of the materials and testing of your own knowledge through various tests and exercises. Finally, an assessed learning assignment will be completed and returned.

Location and time

The course is carried out independently in Moodle within the respective timetable.

Materials

All material available on Moodle. In addition, the following books can be used as supporting literature:

Neilimo K. & Uusi-Rauva E.: Johdon laskentatoimi. Edita Publishing
tai
Jormakka R., Koivusalo K., Lappalainen J., & Niskanen M.: Laskentatoimi. Edita Publishing

Teaching methods

The aim of the course is for the student to understand the importance of budgeting in managing the activities of an organisation as part of financial planning and the production of information in the form of reports and key figures.
Students will be able to process financial information of an organisation for different purposes.

Course content:
Budgeting as part of financial planning:
- Operational planning and finance
- Budget systems: sub-budgets and main budgets
- types of budget (fixed, revised, rolling, sliding)
- challenges and pitfalls of budgeting

The coursework consists of lecture notes, exercises, competency-based components and an assessed learning task.

Student workload

This course is 2 credits = 54 hours of student work. The course is self-paced and independent.

Further information

All instructions for completing the course can be found on Moodle. If you have any problems, please contact the teacher responsible for the course.

Go back to top of page