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Opintojakson toteutussuunnitelma

Group801D12/Degree Programme in Tourism (Rovaniemi)
Study unit801D11C Financial Management in Tourism, 5.00 ECTS credits, 133 h
Operational Management in Multicultural Environment
PROFESSIONAL STUDIES
ImplementationPerustoteutus/13001
Unit
Time of implementationSpring2/2013-2014
Responsible teacherLammi Kaisa
Other teachers
Status of implementationFinished

Description status Ready
  
Language of instruction English
Starting and ending dates14.03.2014 - 29.05.2014
Minimum number of participants  
Maximum number of participants  
Enrolment period14.04.2013 - 31.05.2013
Implementation method
Virtuality 0 ECTS credits
R&D integration 3 ECTS credits
Resit dates of the exam
Koulutuksen aikataulu (www-linkki)
Description language English 
Objectives

Learning outcome:

Students know how to utilise information produced by financial administration to manage finances and steer operation.

 

 
Assessment criteria  
Pedagogical arrangements

Pedagogical arrangements

  • Lectures, workshops, case studies, learning assignments, seminars.
  • Contact lessons appox. 40 hours
  • Group and individual work 95 hours
  • The study unit is closely linked with Tourism Product Development and Pricing  - study unit.
  • The pricing of a tourism product is based on a commission from tourism industry.

Previous studies:

  • Financial Management and Marketing in an Organisation

Material

Learning material:

Learning material will be announced at the beginning of the study unit 

Content

Contents:

  • financial statement analysis
  • profitability, financial stability, short-term/long-term operational measures
  • cost management issues
  • profitability planning (CVP-analysis)
  • setting a price (VAT)
  • responsibility accounting and budgeting
  • working capital management

 

Assessment

Principal of Assessment:

Attendace, active participation in lectures, workshops and seminars

Learning assignments and/or exam

Assessment criteria:

Excellent (5)

- Student has an excellent command of theoretical knowledge and is able to apply it fully in practical learning excercises. Student participates contact lessons actively and shows analytical, reflective and critical approach in all his/her activities. All the assignments are performed according to instructions.

 

Good (3-4)

- Student has a good command of theoretical knowledge and is able to apply it mostly in practical learning excercises. Student participates contact lessons quite actively and shows somewhat analytical, reflective and critical approach in most of his/her activities. All the assignments are performed mostly according to instructions.

Satisfactory (1-2)

- Student has a satisfactory command of theoretical knowledge and is able to apply it only partly or not at all in a practical business plan project and related assignments. Student participates contact lessons seldom and shows very little or no analytical, reflective and critical approach in his/her activities. The assignments are not fully performed according to instructions.

Failed (0)

-Student has not participated the compulsary contact lessons and has failed to perform a business plan project and related assignments according to instructions