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Opintojakson toteutussuunnitelma

GroupT31DY15S/Degree Programme in International Business Management, Master's Degree (Tornio)
Study unitT301DY22 Financial and Performance Management, 5.00 ECTS credits, 133 h
Management of Capabilities
ADVANCED PROFESSIONAL STUDIES
ImplementationPerustoteutus/15001
Unit
Time of implementationSpring1/2015-2016, Spring2/2015-2016
Responsible teacherJauhola Esa
Other teachers
Status of implementationFinished

Description status Ready
  
Language of instruction English
Starting and ending dates01.01.2016 - 29.05.2016
Minimum number of participants  
Maximum number of participants  
Enrolment period01.09.2015 - 23.02.2016
Implementation method Virtual studies
Virtuality 5 ECTS credits
R&D integration 5 ECTS credits
Resit dates of the exam
Koulutuksen aikataulu (www-linkki)
Description language English 
Objectives

The first objective is to provide capabilities to produce, analyze, interpret and communicate financial information to different stakeholders, especially to management and investors in an international context.

The role of financial management is the securing of the necessary finance, and ensuring that capital is available when needed, and balancing the desire to minimize the ´cost of capital´ while at the same time minimizing the risk of insolvency or loss of credit status. The second objective is to study some of the most common techniques that are used in financial management .

The third objective is toprovide capabilities in developing performance measurement systems. Performance management is used in the evaluation of strategy implementation.

The main topics:

The national and international financial accounting regulations and standards.

Analysis and interpretation of financial reports.

Sources of finance, financial planning, determinants of valuation, capital structure, working capital management, international financial management.

Role of management control. Financial and non-financial information for performance measurement and decision making.

 
Assessment criteria

           Grade 1 - 2

           Grade 3 - 4

           Grade 5

The student is able to analyze and interpret financial reports.

The student is able to explain the key sources of finance, and the importance and role of financial planning, determinants of valuation, capital structure, working capital management, and international financial management.

The student is able to describe and explain the role of management control. The student is able to apply the methods of financial and non-financial information for performance measurement and decision making.

The student is able to critically analyze and interpret financial reports.

The student is able to justify the sources of finance in a company, and the importance and role of financial planning, determinants of valuation, capital structure, working capital management, international financial management.

The student is able to analyze management control systems of a company. The student is able to develop financial and non-financial measures to assist management in decision making.

The student is able to critically analyze and interpret financial reports and to suggest solutions how to improve the performance of the company.

Sources of finance, financial planning, determinants of valuation, capital structure, working capital management, international financial management.

The student is able to develop management control in a company and to create a system for performance measurement to assist decision making in a company.

 
Pedagogical arrangements

Introduction during the contact week, on-line lectures, individual and team assignments.

Material

Atrill & McLaney (2015) Accounting and Finance for non-Specialists. Pearson.

Kaplan & Norton (2008) Execution Premium. Linking Strategy to Operations for Competitive Advantage. Harvard Business Press

Mangiello M. (2010). International Financial Reporting. www.bookboon.com

More lecture materials in Moodle provided by the teacher.

Content

International financial reporting

Financial analysis

Financial management

Performance measurement.

Assessment

Evaluation: Individual assignment 60%, joint assignment 40%.

Assessment:

    Grade 1 - 2

         Grade 3 - 4

         Grade 5

The student is able to analyze and interpret financial reports.

The student is able to explain the key sources of finance, and the importance and role of financial planning, determinants of valuation, capital structure, working capital management, and international financial management.

The student is able to describe and explain the role of management control. The student is able to apply the methods of financial and non-financial information for performance measurement and decision making.

The student is able to critically analyze and interpret financial reports.

The student is able to justify the sources of finance in a company, and the importance and role of financial planning, determinants of valuation, capital structure, working capital management, international financial management.

The student is able to analyze management control systems of a company. The student is able to develop financial and non-financial measures to assist management in decision making.

The student is able to critically analyze and interpret financial reports and to suggest solutions how to improve the performance of the company.

Student is able apply methods of financial management in managerial decisions.

The student is able to develop management control in a company and to create a system for performance measurement to assist decision making in a company.