The basics of financial aspects in leadership (5 cr)

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?

Evaluation

a. You can use professional vocabulary related to leadership in financial administration.
d. You can evaluate operations considering leadership in customer, user, and other target group situations.
e. You can choose the most appropriate models and methods and justify your choices.

Course material

The main book (Book is not mandatory):

Elliott, B. and Elliott, J. (2019) Financial Accounting and Reporting (19th edn), Harlow, Essex, Pearson Education Limited.

The 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.

Timing of exams and assignments

The course consists of nine topics and the nine related quizzes or exams. The student can complete the assignments on their own schedule. More information on learn pages

Student workload

135 hours.

Course part description

More details: see course's websites.

Further information

The completion of the course is based on the student's own active work; getting to know the materials and answering exams. Course schedules must be followed. The course completion is automated. Exams on duty freely within the deadline. More detailed instructions on the course's Learn website.

This course is carried out by Xamk Open University of Applied Sciences.
Xamk degree students cannot enrol on open UAS courses.

Evaluation scale

1-5

Assessment methods and criteria

THE EVALUATION DEPENDS ON:
Quizzes and exam (100 percent), max 100 points.

The assessment is based on the total points collected by the student from the quizzes and exams. Nine topics, eight quizzes and one exam.

XAMK GRADING SCALE:
100 - 90 points = 5
89 - 80 points = 4
79 - 70 points = 3
69 - 60 points = 2
59 - 50 points = 1
49 - 00 points = Failed

Qualifications

The knowledge of the basics in accounting and leadership is recommended.