Key words
Financial Business Management, budgeting, policy of finances, investing, valuation, IWETO-code: S190 Corporate Policy
Objectives
The aim of this course is to let the students obtain insight into the concepts, methods and theories concerning investment-, financing- and budgeting problems.
Students learn to solve practical budgeting-, financing- and policy problems accurately.
Students gain insight in the usage of bookkeeping and extra-accountable data for budgeting and financing.
Students should be capable of making up financial reports. They should also be able to interpret and analyse numerical data in a critical, careful, objective, accurate way and with the necessary sense of reality in order to be able to make the right adjustments.
Topics
Section Budgeting- Foundation and financial plan
- Budgets of sale and sale expenses
- Budget of production and investment
- Budgets of costs
- Master-budget with budgets of liquidity
- Zero base budgeting
Section Financial Management- Conversion in new financial constructions
- Measuring of performance with central data and instrument of management, internal reporting
- Calculations of investments
- Valuation
- Management of liquidity
- Basic financing
- Optimal structure of cost of property
- Advice on productivity
- Financial restructuring
Prerequisites
Basic knowledge of bookkeeping
Final Objectives
Knowledge
Job-related (specific):- Knowledge of budgeting and financial management (see topics)
- Knowledge of professional bookkeeping literature
- Knowledge of the technical terminology
Skills
General:- Thinking and reasoning power
- Being critical
- Work independently
- Being decisive
- Updating knowledge
Job-related (general):- Ability to argue
- Judging offered knowledge (being critical)
- Handling numerical data
- Formulate plans on short, semi-short and long notice and adjust where it is necessary
- Discern problems
- Thinking analytically and in a problem-solving manner
- Thinking logically
- Trace the weak and strong items of both individuals and the organization in a critical manner. If necessary one has to adjust.
- Insight in complex situations
Job-related (specific):- Informing and giving financial advice to clients
- Ability to handle financial and bookkeeping information
- Ability to calculate the financial consequences of various approaches
- Ability to formulate alternative scenarios
- Ability to come to conclusions quickly
Attitudes
General:
Job-related (general):
Job-related (specific):- Being practical
- Add value to available information
- Being eager to work with figures
Materials used
::Click here for additional information::
Section Budgeting:
Book 'Budgettering' by A. Waterbley
Section Financial Management:
Book 'Financiering' by A. Waterbley
Study costs
Section Budgeting:
Handbook 30 euro (estimation of market price)
Section Financial Management:
Handbook 30 euro (estimation of market price)
Study guidance
- Lecturer is a coach, a tutor and a mentor
- Always possible to ask questions
Teaching Methods
- Lectures
- Question-and-answer
- Examples and exercises of companies
Assessment
First exam session:
1) Section Budgeting: 50% of the total mark of which- 80% written exam and 20% continuous assessment
2) Section Financial Management: 50% of the total mark, of which - 80% written exam and 20% continuous assessment
Second exam session:
1) Section Budgeting: 50% of the total mark of which
2) Section Financial Management: 50% of the total mark of which
Students only enrolled for taking the exams:
First and second exam session:
1) Section Budgeting: 50% of the total mark of which
2) Section Financial Management: 50% of the total mark of which
Students who have not passed in the first exam session, but got a score of at least 10 on 20 for one of the parts, are not obliged to redo this part in the second exam session of the same year. They, however, have to take the exam on the parts where they had less than 10 on 20, if they do not do this they are listed as being absent for the whole course.
Lecturer(s)
|
|
