Study Guide

Learning outcomes

The student is able to
- explain the importance of financial management in the strategic processes of an organization
- measure and support the strategic financial objectives of the organization
- interpret financial management tools and utilize financial management in budgeting

Implementation and methods of teaching

Contact days: 27 March, 17 Apr and 15 May 2020

Contents

The course is implemented through a business simulation game that reflects real world business challenges and results. The aim is to practice business planning, decision-making and problem solving skills on a strategic level. Special emphasis is put on learning to follow and utilize financial metrics and key performance indicators in business planning and decision-making.

Assessment criteria

Evaluation is based on assignments and performance in the business game.

Assessment scale

1-5

Failed (0)

The student does not reach the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

The student is able to:
- apply the concepts of management and strategic accounting in a consistent manner and understand wider contexts
- evaluate business performance with a strategic approach

Assessment criteria: level 3 (assessment scale 1–5)

The student is able to:
- critically appraise theoretical knowledge and resources of management and strategic accounting
- plan and evaluate the economic impacts of activities

Assessment criteria: level 5 (assessment scale 1–5)

The student is able to:
- use domestic and international resources in the field of management and strategic accounting in a critical and innovative manner
- critically evaluate and analyse business performance and develop activities and strategies accordingly