Basics of Financial Management

After having completed this course or attained an equivalent competence level, the student:
Can calculate and apply simple and compound interest calculations in various business cases,
Knows how to analyze the income statement, balance sheet and cost structure, and understands their cause-effect relationships
Knows how to calculate key figures based on the financial information of a company and how to interpret them.
Introduction to "3 P" model: profit, people and planet" with focus on the profit side of this.
Knows the basics of cost-volume-profit analysis
Knows basic pricing models and is able to apply VAT (value-added tax) in pricing.
The course includes various examples and business case of international companies.

Books and material provided in the implementation.

The study material is provided in Moodle under each section.
There are Video tutorials, Sway documents and PowerPoint materials for study. In addition, for the accounting part, the following e-book is recommended and available online with HH credentials: Accounting and finance for non-specialists, Atrill, Peter McLaney, E. J., 11th edition. Pearson Education.