Financial Management and Decision-MakingLaajuus (5 cr)

Objective

The students know the practices of strategic development and management by results and apply managerial accounting in them to assist decision making.
They know how to apply performance indicators supporting the strategy implementation in the managing of their work community. The students understand and are able to assess different approaches in national and global managerial accounting and the significance of reporting for the success their work community. The students are familiar with the different tools of analysis and the new sources of internal and external information.

Content

The analyses of managerial accounting, development prospects and the needs of strategic accounting of a company. Planning of financial statements. Outlining innovative development ideas for management reporting and exploiting the reports.

Qualifications

The students master the basics of the managerial accounting of a company.

Assessment criteria, satisfactory (1)

Excellent (5) 90 % out of maximum points
Very good (4) 80 %
Good (3) 66 %
Satisfactory (2) 55 %
Sufficient 44 %
Fail (0) less than 44 % out of maximum points