Financial Analysis and Economic CommunicationLaajuus (5 cr)

Objective

Students know the meaning of economic communication in strategic management. He/she is able to analyse financial performances of organisations, and interpret and utilize this information in decision making. He/she can build financial reports for different stakeholders.
Students are capable to develop analysis and reporting practices of their own organization.

Content

Financial management as a part of strategic management, financial analysis, interpretation and utilization of financial ratios, budgeting and forecasting,
good reporting practices.

Qualifications

Students are able to manage basics of financial accounting: the structures of financial statements and basics of management accounting.
The student has a bachelor's degree.

Assessment criteria, satisfactory (1)

5 (excellent): The student is able to develop new analysis/reporting practices widely used in organisations with a connection to the strategic level.
4 (very good): The student is able to critically evaluate the status of the organisation’s ecomonic communication as well as to modify and develop the prevailing analysis and reporting practices.
3 (good): The student is able to produce financial reports for his/her organisation’s decision-making. The student can critically assess the development targets, make proposals for improvement as well as communicate these to his/her work environment, also in an international business environment.
2 (satisfactory): The student can independently prepare analyses from financial data and interpret them. The student is able to utilize financial analyses in his/her work as well as prepare and use his/her financial reports related to his/her own work. The student is also able to analyse and interpret international financial statements.
1 (sufficient): The student is familiar with the financial analysis methods of an organisation and is able to interpret data from given financial analyses. The student is familiar with reporting tools and able to prepare financial reports. The student knows how to use analyses in decision-making. The student is familiar with the role of economic communication in strategic management.
0 (failed) The student is not familiar with the reporting tools, analysis methods, and he/she is not able to interprete or utilise analyses in decision-making.

Recognition of prior learning (RPL) can be obtained on the basis of prior learning. Recognition of prior learning is subject to an application which correctly points out the competencies consistent with the course objectives. In addition, a proof of the successful completion of the development assignment is required.