The basics of financial aspects in leadership (5cr)

Evaluation scale

1-5

Content scheduling

Discussion Topics 1-8 (Recorded lectures and materials) and their quizzes. Articles and coursebook, topics 9-10, and two exams. More details: see course's websites.

Objective

You are able to take into account the financial goals of a service enterprise and act accordingly from the leadership point of view. You are able to interpret financial information. You are able to utilize financial information in management decision making. You are able to apply the most common price setting methods.

Content

How can the profitability of a service enterprise be affected? How does the price setting affect the profitability of an enterprise? What do financial statements indicate about the financial situation of a service enterprise? What kind of key ratios and indicators can be used in analyzing the economic situation of a service enterprise? What kind of calculations can be used in decision making?

Materials

Course and exam book: Bettner Mark S: Using Accounting and Financial Information, 2014. (The book is mandatory and available as an e-book from the XAMK’s Kaakkuri Library.) (Extrabook (this book is not mandatory): Elliott, B. and Elliott, J. (2019) Financial Accounting and Reporting (19th edn), Harlow, Essex, Pearson Education Limited. Texts/articles picked up by teacher. Other study material can be found on the Learn website of the course. The studies are based on material there or linked therein. All the teaching to be given has been recorded and can also be found on the Learn website of the course.

Teaching methods

In this course, which starts as a non-stop start, the student can start their studies within about one week of registering for the studies. Self-study-based course with 2-3 exams and quizzes. Instructions and tasks on XAMK's Learn platform. The course does not include group work and classroom teaching or online teaching is not given. All teaching as recordings. The course is conducted in English only.

Employer connections

The course does not include guided working life co-operation.

Exam schedules

Online course, exams can be taken freely at your own pace during the completion of the course. More information on learn pages. Check details and timetables for exams and quizzes.

International connections

The course does not include guided international co-operation.

Student workload

135 hours.