Study Guide

Objective

The objective of the course:
To equip students with the fundamental theories, methods, and tools for Sustainable Business Planning and sustainable Financial Decision Making. Starting with the strategic management framework and ending in the various types of investment, stages of implementation, and monitoring. To provide approaches to formulate a strategy, develop a business plan and its monitoring, to access investment decisions and its funding within the overall strategy of the business.

Learning Objectives(LOs):
LO1 - Demonstrate an understanding of management accounting as an information system.
LO2 - Apply diverse methods and technics to build, interpret and analyze financial information necessary to make decisions.
LO3 - Discuss and explain the issues that should be considered when designing an effective monitoring system towards strategic goals.

On successful completion of this unit, students will be able to build, analyze, interpret and monitor the business plan and its financial, social, and environmental impacts. Namely, budgets, forecasted financial statements and diverse indicators for the investment appraisal, including social and environmental indicators.

Content

Content of the course:
• Decision-making theory in general with a focus on decision-making based on quantitative and financial data
• How to collect, organize, analyze and interpret information to make decisions
• The anatomy of a business plan
• The company's internal and external contexts of the business
• Strategy management framework
• Strategic management tools
• Planning and monitoring tools
• The indicators of investment appraisal (financial, social, and environmental )
• Cost and pricing decisions
• Sensitivity analysis
• Monitoring the plan

Location and time

This course is a blended learning which consists of contact hours and online tutorial sessions.(January-May 2024). For more detailed info se schedule in Peppi and course plan at the Moodle page

Materials

Atrill & McLaney (2019), Management Accounting for Decision Makers, Pearson Publishers

* LinkedIn Learning materials

* Materials for the Business Simulation Game (Bissim)

* Additional material recommended by course teacher

Teaching methods

Overall aim of course
This course aims to equip students with the fundamental theories, methods and tools for
Financial decision making. Mostly the course will be focused in investing, costing, pricing and valuation decisions. Students will also develop skills for planning and motoring financial decisions
On successful completion of this unit, students will be able to build, analyse, interpret and
monitor the business plan financials. Namely, budgets, forecasted financial statements and
diverse indicators for the investment appraisal.

Learning Outcomes
LO1 - Learning objective 1 - Demonstrate an understanding of management accounting as an information system.
LO2 - Learning objective 2 - Apply diverse method and technics to built, interpret and analyse financial information necessary to make decisions.
LO3 - Learning objective 3 - Discuss and explain the issues that should be considered when designing an effective monitoring system towards strategic goals.

Exam schedules

A combination of written assignments, elaborative tasks and a written exam.

Deadlines will be presented in the course plan.

Student workload

27 hours per credit

Content scheduling

Basics of management accounting --> Financial decisions, investment decisions and dividend decisions.
- Capital budgeting / Capital investment decisions
- Forecasting financial statements (including budgeting)
- Financial ratios
- CVP analysis
- Profitability management
- (Valuation)

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Sufficient (1) and Satisfactory (2)
Participating in the online and in contact lessons, returned tasks.

Assessment criteria, good (3)

Good (3) and Very good (4)
Active participating in the online and in contact lessons, returned tasks with good outcomes.

Assessment criteria, excellent (5)

Excellent (5)
Very active participating in the online and in contact lessons, returned tasks with excellent outcomes.

Assessment criteria, approved/failed

Evaluation:
Numerical for PASS from 1 to 5 and
0 for FAIL: No participating in the contact lessons or in the online lessons, no returned tasks.

Assessment methods and criteria

A combination of written assignments, elaborative tasks and a written exam

Assessment criteria, fail (0)

No participation and no submissions of tasks

Assessment criteria, satisfactory (1-2)

Sufficient (1) and Satisfactory (2)
Participating in the contact lessons, online lessons, returned tasks.

Assessment criteria, good (3-4)

Good (3) and Very good (4)
Active participation in the contact lessons, online lessons, returned tasks with good outcomes.

Assessment criteria, excellent (5)

Excellent (5)
Very active participation in the contact lessons, online lessons, returned tasks with excellent outcomes.

Qualifications

No prerequisitites