Financial Management (5 op)

Arviointiasteikko

H-5

Sisällön jaksotus

The Course focuses on topics in the field of Management Accounting and Financial Statements (Profit/Loss Statement + Balance Sheet) and their Key Figures (what they are and what they mean in theory and in practice for a manager).

This course is similar to groups YBINBK25 (MBA in Business Management) and YSMANK25 (MBA in Sales Management). These groups have the same 1 st contact teaching day (mass lecture in a big auditorium), but separate 2 nd contact teaching day in small groups where we do investment calculations.

The two contact days are:

On Friday 12.9.2025, between 9-16 o´clock, in Turku, in room: ??? For 70 persons
On Thursday 30.10.2025, between 9-16 o´clock, in Turku, in room: ??? +
13-16 o´clock, in Turku, in four (4) 5-15 persons group working rooms: ???

Tavoitteet

After completing the course, the student is able to:
-understand Basics of Financial and Management Accounting and Reporting
-understand Basics of Duple Entry (Bookkeeping) System, Profit and Loss Statement, Balance Sheet and Cash Flow -Calculation and Financial Key Figures
-understand Basics of Management Cost Accounting and Reporting
-understand Different kind of Unit Costing Methods and Their Effects on Inventory Values and on Profit and Loss Statement
-manage the budgeting process and knows how to make sub- and main budgets
-do investment calculations and suggestions and evaluated them

Sisältö

What is the difference between Financial and Management Accounting and Reporting
Basics of Duple Entry (Bookkeeping) System, Profit and Loss Statement, Balance Sheet, Cash Flow Calculation and Financial Key Figures
Basics of Management Cost Accounting and Reporting
Different kind of Unit Cost Accounting Methods and Their Effects on Inventory Values and on Profit and Loss Statement
Budgeting
Investment calculations and suggestions

Oppimateriaalit

Will be mentioned in ITSLEARNING System. The execution plan of the course will be open for students in ITSLEARNING system about 1-2 weeks before the first contact teaching day.

The "reference" books in the course are:
"Financial Management for Financial Managers" (Marsh, C., 2012 or newer, Kogan Page)
- ebook at TUAS library
and
”MANAGEMENT AND COST ACCOUNTING” BY COLLIN DRURY (THOMSON, 2005 or newer)

Other materials, which has been put into ITSLEARNING -system.

Opetusmenetelmät

Multi-Form Pedagogy (InnoPeda): Two (2) contact teaching days plus (2) individual and group (1) home assignments, which reports will be submitted into ITSLEARNING -system and evaluated By the teacher.

The group assignment is an investment decision-making exercise where groups of 3-5 students must do investment calculations and suggestions from the case, that the teacher gives. The case is the same for all groups. These groups are selected randomly during the first contact teaching day.

The teacher will send to students a survey about 2-3 weeks before the first contact teaching day. He wants to know what kind of previous studies, expertise, and experiences students have in the field of management accounting. This is not a pre-assignment, but a survey, which will not be evaluated. It helps teacher to focus the course better for students depending on their professional background.

Students must submit their answers to this survey as a file into ITSLEARNING -system by Monday 8.9.2025. The teacher tries to focus on the content of the contact teaching days based on the results of this survey.

Tenttien ajankohdat ja uusintamahdollisuudet

No exams, but three (3 ) home assignments.

Pedagogiset toimintatavat ja kestävä kehitys

Englanniksi
Multi-Form Pedagogy (InnoPeda): Two (2) contact teaching days plus individual and group home assignments, which reports will be submitted into ITSLEARNING System and evaluated By the teacher.

The course focus on the financial part of the sustainability.

Toteutuksen valinnaiset suoritustavat

No other ways to complete the course. To pass the course, you must attend at least one contact teaching day.

Opiskelijan ajankäyttö ja kuormitus

Multi-Form Pedagogy (InnoPeda): Two (2) contact teaching days plus individual and group home assignments, which reports will be submitted into ITSLEARNING System and evaluated By the teacher.

Home assignments will be described in ITSLEARNING System and introduced during the first contact teaching day.

The scope of the course is 5cr=135 hours of student´s own work=16 hours contact teaching days + 119 hours individual studying/home assignments.

Arviointimenetelmät ja arvioinnin perusteet

All assignments will be evaluated by the teacher by using the grading scale Done/Approved or 1-5. The grading is based on the content and correctness of the home assignments. The final grade of the whole course is the mean of the grades of all home assignments done during the course.

To pass the course, you must attend at least one contact teaching day.

The use of AI in learning tasks is forbidden, as the course is based on a core set of learning materials, which can be found in the ITSLEARNING repository. Feeding it into the AI is prohibited.

Hylätty (0)

The student has not completed all the learning tasks or the answers do not correspond to the assignments given in the learning tasks or less than 10% of the answers are correct (grades below 0.5).

To pass the course, you must attend at least one contact teaching day.

The use of AI in learning tasks is forbidden, as the course is based on a core set of learning materials, which can be found in the ITSLEARNING repository. Feeding it into the AI is prohibited.

Arviointikriteerit, tyydyttävä (1-2)

The student has completed all the required learning tasks and the answers correspond to the tasks given in the learning tasks and 11-49% of the answers are correct.

Arviointikriteerit, hyvä (3-4)

The student has completed all the required learning tasks and the answers correspond to the tasks given in the learning tasks and 50-89% of the answers are correct.

Arviointikriteerit, kiitettävä (5)

The student has completed all the required learning tasks and the answers correspond to the tasks given in the learning tasks and 90-100% of the answers are correct.

Lisätiedot

Emails: keijo.varis@turkuamk.fi (teaching)
sami.nummela@turkuamk.fi (home assignments)