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.