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Profitable enterprise (5 cr)

Code: LI00BJ52-3008

General information


Enrollment

04.05.2020 - 15.09.2020

Timing

13.08.2020 - 18.12.2020

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Unit

Faculty of Business and Hospitality Management (LAB)

Campus

Lahti Campus

Teaching languages

  • English

Degree programmes

  • Studies for incoming exchange students
  • Bachelor's Degree Programme in International Business

Teachers

  • Barkat Bhayo
  • Henri Huovinen

Groups

  • 04IBU19S
    , Lahti
  • LLTIEX20S1

Learning outcomes

The student is able to
- use business mathematics methods applied in business activities
- draw up profitability calculations and budgets for business operations
- explain the value of entrepreneurship

Implementation and methods of teaching

PROFITABILITY ACCOUNTING AND BUDGETING:
Lectures and assignments. Students are guided to perform profitability calculations, financial plans and budgets for a business through case examples and assignments.
BUSINESS MATHEMATICS:
Lectures and assignments, supported by online material.

Learning material and recommended literature

Material provided in Reppu
Business Mathematics: Book recommended, ordered in the beginning of the course as a group order

Contents

The course is divided into two sections:
PROFITABILITY ACCOUNTING AND BUDGETING (2 credits):
The student is acquainted with entrepreneurship with the focus on financial and profitability planning of a start-up.
BUSINESS MATHEMATICS (3 credits):
- Simple interest calculations
- Compound interest calculations
- Periodic payments
- Financial calculations

Additional information for students: previous knowledge etc.

Previous knowledge:
Preparatory studies in mathematics -course or corresponding knowledge

Assessment criteria

PROFITABILITY ACCOUNTING AND BUDGETING
Assessment is based on assignments (individual and/or group)
BUSINESS MATHEMATICS
Individual assessment based on exam and learning assignment.

Assessment scale

1-5

Failed (0)

Student does not reach the learning objectives.

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

PROFITABILITY ACCOUNTING AND BUDGETING:
The student is able to draw up profitability calculations and budgets for business operations on a satisfactory level.
BUSINESS MATHEMATICS:
The student is able to use business mathematics methods on a satisfactory level.

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

PROFITABILITY ACCOUNTING AND BUDGETING:
The student is able to draw up profitability calculations and budgets for business operations on a good level.
BUSINESS MATHEMATICS:
The student is able to use business mathematics methods on a good level.

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

PROFITABILITY ACCOUNTING AND BUDGETING:
The student is able to draw up profitability calculations and budgets for business operations and on an excellent level.
BUSINESS MATHEMATICS:
The student is able to use business mathematics methods on an excellent level.