Scope: 5 ECTS
Timing: semester 2
Course level: Basic Studies
Course type: compulsory
Starting level and linkage with other courses
You are able to understand financial statements and use various accounting methods for decision-making purposes. You can interpret the content of financial statements with the help of main financial ratios. You can make distinction between different cost types and understand the cost behaviour and its implications to profitability calculations. You can use cost-volume-profit analysis for different purposes like sensitivity analysis and price-setting. You can use basic cost allocation methods for decision-making purposes. You are able to prepare income statement and cash budget. You apply basic methods to evaluate capital investment options and understand the basics of "time value of money". You use basic tools for efficient working capital management.
- financial statement analysis
- working capital
- variable and fixed costs
- cost-volume-profit analysis
- cost allocation
- budgeted income statement and cash flow
- capital investment decisions
Recognising and validating prior learning (RPL)
If you have acquired the required competence in previous work tasks, recreational activities or on another course, you can show the competence with a demonstration and progress faster through your studies. More information and instructions for RPL are available at MyNet.
Cooperation with the business community
Company guest speakers and/or a visit to a financial management department of a company.
Financial statements of global companies will be analysed in the course. All assignments apply to global trade environment.
Contact and distant sessions or virtual course or educationalisation.
Students' performance is graded on the following scale: Excellent (5), Very good (4), Good (3), Satisfactory (2), Fair (1), Fail (0).
Link to the joint assessment grid. The assessment of one’s own learning.
Anne Arkima, Juan Borra
Materials to be announced in the implementation plan.