Profitability and financial managementLaajuus (5 cr)

Objective

You know the laws of business from a management accounting perspective.
You know the key methods of management accounting and can apply them to practical situations.
You are familiar with the basic principles of public procurement and related legislation.

Content

What is the role of internal accounting in a company's decision-making?
What are the revenues and costs of running an SME?
How is the profit margin calculation used to assess the profitability of a business?
What is the impact of pricing on profitability?
What is the role of budgeting in financial planning?
What are the objectives, concepts, principles and legislation of competitive tendering?

Evaluation

Students can
a. use professional terms consistently.
b. search for information from key sources in the field
c. outline the tasks involved.
d. interact with clients, users, target groups.
e. use key models, methods, software and techniques in their field.
g. justify his/her actions in accordance with the ethical principles of his/her field.