Financial management in logisticsLaajuus (5 cr)

Objective

You can describe the financial basic terms and you understand the role of financial management as part of strategic management especially in LSP (Logistics Service Provider) firms.
You can apply the common accounting methods and techniques in business controlling.
You can describe the key factors related to profitability and liquidity.
You can prepare a financial analysis for an LSP company.

Content

What are the basic financial terms?
What is financial management and its role in strategic management?
How to control and follow-up of a business?
How to analyze the business using key indicators?

Accomplishment methods

Students can
a. find, study, produce and assess critically multidisciplinary data in their field of expertise.
d. be responsible for operations and develop them independently.
e. assess different strategic approaches and justify their use in terms of management and development.