Open University

Tampere

Managerial Finance for Sales and Sourcing, Lectures

<p>Contact information<br>Email: <span class="spamspan"><span class="u">open.studies.tau</span> [at] <span class="d">tuni.fi</span></span><br>Phone: 0294 520 200</p><p>More information concerning Open University studies<br><a href="https://www.tuni.fi/open-university">tuni.fi/open-university</a></p>

Intermediate studies

Faculty of Management and Business

Technology and Natural Sciences

<p>Apply for Open University studies by using the following links:</p><p><ul><li><a href="https://tau-avoin.ilmoittaudu.fi/lobby/?realization=J-otm-bc4966af-33be-4ee3-a7b6-33dcfb2e28a7_2023-tampere-TUTA382" target="_blank">TUTA.382 Managerial Finance for Sales and Sourcing, lectures, Tampere</a></li></ul></p><p>You can find a link to the Open University Admissions service and application instructions on the <a href="https://www.tuni.fi/en/study-with-us/open-higher-education-studies/open-university/applying-open-university">Applying to Open University studies</a> page.</p><p>Some of the studies require prior studies. For example, studying intermediate studies may require some completed basic studies. These are described on the Information about studies tab of the study unit under prior requirements.</p><p>When you have been admitted to the studies, you must enrol separately via the Sisu information system for the implementation of the unit of study and, for example if set, for a practise group of your choice. You will receive instructions on how to do this by e-mail after you have confirmed your acceptance of the study place by paying the required fee.</p>

English

Hervanta Campus

Contact teaching

<p>Look information at <a href="https://www.tuni.fi/en/study-with-us/open-higher-education-studies/open-university/applying-open-university">Applying to Open University studies</a>.</p>

<h5>Core content</h5><ul><li>Bookkeeping in a small company (closing and opening the accounts, Corporate tax, VAT)</li><li>Analysing and communicating customer value (VPC, BEP, Payback, NPV, IRR)<br></li><li>Financial statements (inc. Cash flow statement)<br></li><li>Costing systems (Contribution costing, Full Costing, ABC)</li><li>Profitability management (process models &amp;amp; costing, profitability analyses)</li><li>Designing value in the offering (TOC, LCC, OBA)</li><li>Performance measurement (BSC)</li></ul><h5>Complementary knowledge</h5><ul><li>Design of a bookkeeping system for a small company</li><li>Design of customer value analysis using simple cases</li><li>Financial Statements as a support for decision making</li><li>Costing systems as combinations of different tools</li><li>Designing cost and profitability analyses and using them for decision making</li><li>Apply costing tools to create value in business networks</li><li>Design of a performance measurement system</li></ul><h5>Specialist knowledge</h5><ul><li>How companies use different financing arrangements to execute their strategies </li><li>How revenue models and strategy innovations are changing and impacting customer perceived value</li><li>How strategic planning and strategy innovations are linked to financial performance </li><li>How to link costing tools to investment planning and budgeting </li><li>How to avoid pitfalls of management actions based on financial data</li><li>Building innovative ways to communicate financial information regarding customer value</li><li>How performance measurement systems are designed and used in practice</li></ul>

<h2>Common</h2><h3>Lecture: </h3><p>09.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>11.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>16.01.2024 08:00 - 10:00, TAU S&#228;hk&#246;talo SE203 opetustila (112)<br>16.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>18.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>23.01.2024 08:00 - 10:00, TAU S&#228;hk&#246;talo SE203 opetustila (112)<br>23.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>25.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>30.01.2024 08:00 - 10:00, TAU S&#228;hk&#246;talo SE203 opetustila (112)<br>30.01.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>01.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>06.02.2024 08:00 - 10:00, TAU S&#228;hk&#246;talo SE203 opetustila (112)<br>06.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>08.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>13.02.2024 08:00 - 10:00, TAU S&#228;hk&#246;talo SE203 opetustila (112)<br>13.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>15.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>20.02.2024 08:00 - 10:00, TAU S&#228;hk&#246;talo SE203 opetustila (112)<br>20.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br>22.02.2024 10:00 - 12:00, TAU S&#228;hk&#246;talo SE211 opetustila (33)<br></p>

In business organizations, people are increasingly managed with numbers. Thus, after passing the course (Final grade 1), students are familiar with the basic financial concepts and tools used in the industry and are able to use them in simple contexts. However, in the management field, these concepts and tools must be applied in order to provide the foundation for decision-making. With final grades 2 and 3, students are able to understand how such concepts and tools are used to support management decisions making. <br><br>In today&amp;#39;s knowledge economy, financial information not only is seen as a tool for managing people or organizations. Instead, it is increasingly seen as a source of innovation. Analyzing financial data may, for example, reveal that some customers are willing to pay more of the same product than others, hence helping the company to target its customers better. Understanding of value creation requires that companies are not only able to analyze their own costs but, instead, they also need to analyze the costs of their customers and sometimes even their customer&amp;#39;s customers. Similarly, companies are looking for new performance measurement systems or compensation plans to guide the organization to do the right things in order to maximize the value creation and, eventually, outperform the competition. Students passing the course with final grade of 4 and 5 are able to understand the role financial information can play in such business development processes and how financial tools can be applied in innovative ways<p><br></p><p>Please see Moodle for more details.</p>

<h2>Compulsory Prerequisites</h2><ul><li>Managing Operative Sales, TUTA.380, 5 cr</li></ul>

Managerial Finance for Sales and Sourcing, Lectures

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