Study Guide

Learning outcomes

The student is able to
- use planning, analysis and decision-making tools and techniques in strategic planning
- analyse financial statements and different kinds of business reports and use them as a basis for decisions
- make business decisions in various business contexts and consider the multidimensional aspects of these decisions
- make business decisions in groups

Teaching methods

The student is able to
•use planning, analysis and decision-making tools and techniques in strategic business planning
•analyse financial statements and different kinds of business reports and use them as a basis for decisions
•make business decisions in various business contexts and consider the multidimensional aspects of these decisions
•make business decisions in groups

Learning materials and recommended literature

Book and articles:
Financial analysis & decision making: tools and techniques to solve financial problems and make effective business decisions

Author(s):Vance, David E.
Published:New York : McGraw-Hill, 2002.
Chapters: 1 Financial Statements and Accounting Concepts, 2 Financial Ratios and Other Measures of Performance , 12 Product Costing , 13 Break-Even Analysis and Modeling, 15 Master Budgets Vanriance Analysis and 16 Pricing Theory.

Book is available as ebooks, follow links below
How to to read the eBook:
Laurea's students: (open links as a new window)
https://laurea.finna.fi/Record/nelli01.111056485280488

ADDITIONAL eBOOK SOURCES:

BarCharts, I. (2016). Accounting Terminology. Boca Raton: BarCharts, Inc.

J. Madegowda. (2007). Management accounting. Global Media.

Tiffin, R. (2007). The Finance and Accounting Desktop Guide: Accounting Literacy for the Non-financial Manager. London: Thorogood Publishing.

Tracy, J. A. (2008). Accounting for Dummies.

Sterling, M. J. (2008). Business math for dummies®. Hoboken (NJ): Wiley.

Barrow, Colin, et al. The Business Plan Workbook, Kogan Page, 2012. ProQuest Ebook Central

Barker, R. (2011). Short Introduction to Accounting.

Marriott, P., Edwards, J. R., Edwards, J. R. & Mellett, H. J. (2002). Introduction to Accounting.

Haber, J. R. (2004). Accounting Demystified. New York: AMACOM Division of American Management Association International.

Content and scheduling

Contents

Management decision making
Group decision making
Business Simulation Game
Financial statements
Income statement
Balance sheet
Cash flow statement
Budgeting
Market report
Operations report
Ratios

Grading scale

H-5

Evaluation methods and criteria

REQUIREMENT LEVEL II

Evaluation criteria, satisfactory (1-2)

H/1, THE STUDENT IS ABLE TO

PROFESSIONAL KNOWLEDGE BASIS, INFORMATION SEARCHING AND REPORTING
– use professional concepts in a consistent manner and demonstrate his/her familiarity with the knowledge basis
– report and communicate in a professional manner

PROFESSIONAL PRACTICE AND WORKPLACE DEVELOPMENT
– act independently taking into account the operating environment
– take responsibility for interaction with customers and/or co-operation partners and for responding to their needs

TEAMWORK SKILLS, LEADERSHIP AND RESPONSIBILITY
– describe the significance of his/her actions for successful co-operation
– describe his/her competence in relation to the learning outcomes

Evaluation criteria, good (3-4)

Grade 3, THE STUDENT IS ABLE TO

PROFESSIONAL KNOWLEDGE BASIS, INFORMATION SEARCHING AND REPORTING
– critically evaluate information and justify their actions with science-based knowledge

PROFESSIONAL PRACTICE AND WORKPLACE DEVELOPMENT
– propose creative solutions at work
– promote professional co-operation and enhance customer and partner relationships

TEAMWORK SKILLS, LEADERSHIP AND RESPONSIBILITY
– act in a manner that promotes the team’s entrepreneurial and responsible approach to work
- describe the development of his/her competence in relation to the learning outcomes

Evaluation criteria, excellent (5)

Grade 5, THE STUDENT IS ABLE TO

PROFESSIONAL KNOWLEDGE BASIS, INFORMATION SEARCHING AND REPORTING
– analyse the acquired information, draw conclusions and combine theoretical knowledge with experiential knowledge

PROFESSIONAL PRACTICE AND WORKPLACE DEVELOPMENT
– evaluate the applicability of produced knowledge, skill or idea to other contexts as well as their impact
– anticipate needs of customers and/or co-operation partners


TEAMWORK SKILLS, LEADERSHIP AND RESPONSIBILITY
– evaluate and develop the team’s entrepreneurial and responsible approach to work
– evaluate the possibilities for utilising competence and plan his/her personal development and development of the team