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Financial planning for the futureLaajuus (5 cr)

Code: YL00CI15

Credits

5 op

Teaching language

  • English

Responsible person

  • Petra Yli-Kovero

Objective

The student is able
- to gain an in-depth understanding of financial management, budgeting and investments.
- to consider and evaluate macro economical situations and their impact on tourism and events.
- to apply scenario thinking / identify possibilities of alternative futures in tourism and event management / for pre-active / proactive business development and financial management.
- to identify new possibilities for profitability and disruptive business models in tourism and events.

Enrollment

21.11.2022 - 08.01.2023

Timing

20.04.2023 - 30.06.2023

Number of ECTS credits allocated

5 op

Virtual portion

5 op

Mode of delivery

Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

E-campus

Teaching languages
  • English
Degree programmes
  • Master's Degree Programme in Business Administration, International Tourism and Event Management (2021, 2022)
Teachers
  • Timo Saarainen
  • Mika Tonder
Scheduling groups
  • Verkkoluento 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIYITM22SV
    Master's Degree Programme of Business Administration, International Tourism and Event Management 22SV Lahti
  • LLTIYUUDL22S
    Uudistava johtaminen (YAMK), liiketalouden ala 22S Lahti
Small groups
  • Verkkoluento 1

Learning outcomes

The student is able
- to gain an in-depth understanding of financial management, budgeting and investments.
- to consider and evaluate macro economical situations and their impact on tourism and events.
- to apply scenario thinking / identify possibilities of alternative futures in tourism and event management / for pre-active / proactive business development and financial management.
- to identify new possibilities for profitability and disruptive business models in tourism and events.

Implementation and methods of teaching

Virtual teaching, virtual and written exam, essays and assignments.

Timing and attendance

Virtual lessons.
Cases from various tourism and event management situations. Calculating and justification of financial decisions and their forecasting

Learning material and recommended literature

Brealey et. al. 2011. Fundamentals of Corporate Finance

Alternative completion methods

The student will deliver a report based on the pre-course selected topics. Main work in the course is the report, which is based on selected topic area. This should preferably support students daily work and future objectives.
Additionally, virtual Moodle exam may be considered.

Working life cooperation

It will be beneficial if students reports will be chosen from the course area related topics.

Exam retakes

Two course reports are the basis for the course assessment. After the instructors have received them, they will be reviewed but no later than June 30, 2021.

Learning environment

Virtual Moodle platform and contact lessons delivered in Zoom.

Student time use and work load

A 5 credit course assumes that students work independently for approximately 100 hours.

Contents

The course content is built from the theories and practical solutions. After successfull participation the students will understand and manage the following:
- Management of financial needs in corporations
- Principles of financial planning and forecasting in corporations
- Financing and financial instrumentation of investments and working capital in corporations
- How to read key financial indicators during planning process and capital structuring
- Managing financial risk in corporations

Additional information for students: previous knowledge etc.

LAB Business Mathematics Course or similar knowledge

Assessment scale

1-5

Failed (0)

Student does not meet the lowest basic knowledge requirements in corporate financial planning, is not familiar with the fundamental concepts and definitions.

Enrollment

22.11.2021 - 25.03.2022

Timing

01.04.2022 - 30.06.2022

Number of ECTS credits allocated

5 op

Virtual portion

5 op

Mode of delivery

Distance learning

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

E-campus, Lahti

Teaching languages
  • English
Degree programmes
  • Master's Degree Programme in Business Administration, International Tourism and Event Management (2021, 2022)
Teachers
  • Timo Saarainen
  • Mika Tonder
Scheduling groups
  • Verkkoluento 1 (Size: 0. Open UAS: 0.)
Groups
  • LLTIYITM21SV
  • LABLTIYTO21H
  • LLTIYUUDL21S
    Uudistava johtaminen (YAMK), liiketalouden ala 21S Lahti
Small groups
  • Verkkoluento 1

Learning outcomes

The student is able
- to gain an in-depth understanding of financial management, budgeting and investments.
- to consider and evaluate macro economical situations and their impact on tourism and events.
- to apply scenario thinking / identify possibilities of alternative futures in tourism and event management / for pre-active / proactive business development and financial management.
- to identify new possibilities for profitability and disruptive business models in tourism and events.

Implementation and methods of teaching

Virtual teaching, virtual and written exam, essays and assignments.

Timing and attendance

Virtual lessons.
Cases from various tourism and event management situations. Calculating and justification of financial decisions and their forecasting.

Learning material and recommended literature

Brealey et. al. 2011. Fundamentals of Corporate Finance

Alternative completion methods

The student will deliver a report based on the pre-course selected topics. Main work in the course is the report, which is based on selected topic area. This should preferably support students daily work and future objectives.
Additionally, virtual Moodle exam may be considered.

Working life cooperation

It will be beneficial if students reports will be chosen from the course area related topics.

Exam retakes

Two course reports are the basis for the course assessment. After the instructors have received them, they will be reviewed but no later than June 30, 2021.

Learning environment

Virtual Moodle platform and contact lessons delivered in Zoom.

Student time use and work load

A 5 credit course assumes that students work independently for approximately 100 hours.

Contents

The course content is built from the theories and practical solutions. After successfull participation the students will understand and manage the following:
- Management of financial needs in corporations
- Principles of financial planning and forecasting in corporations
- Financing and financial instrumentation of investments and working capital in corporations
- How to read key financial indicators during planning process and capital structuring
- Managing financial risk in corporations

Additional information for students: previous knowledge etc.

LAB Business Mathematics Course or similar knowledge.

Assessment scale

1-5

Failed (0)

Student does not meet the lowest basic knowledge requirements in corporate financial planning, is not familiar with the fundamental concepts and definitions.