Study Guide

Objective

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

Content

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

Materials

Will be put in Itslearning platform during the course work.

Teaching methods

Multi-Form Pedagogy (InnoPeda): Two (2) contact/distance teaching days plus individual and/or group home assignments, which reports will be submitted into Itslearning and evaluated by the teacher.

The group assignment will be done in groups of 2-3 students.These groups are selected during the first contact teaching day.

International connections

Multi-Form Pedagogy (InnoPeda): Two (2) contact/distance teaching days plus individual and/or group home assignments, which reports will be submitted into Itslearnin platform and evaluated by the teacher.

Student workload

Course assignments will be described in Itslearning platform and introduced during the first teaching day.

Content scheduling

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

Content topics:
Financial gearing
Sources of finance
Cost of capital
Managing working capital
Net present value
Net asset value

Further information

Course requires independent work and applying financial management theory to practice, for example by literature study plus related real life business case.

Evaluation scale

H-5

Assessment methods and criteria

All assignments will be evaluated by the teacher by using the grading scale 1-5. The grading is based on the contents of the course assignments. The final grade of the whole course is the mean of the grades of all course assignments done during the course.