Financial Management in Creative FieldsLaajuus (5 cr)

Objective

After completing the course, the student understands the basics of financial management. They can interpret key business figures and analyze business risks and opportunities based on these figures. They understand the fundamentals of bookkeeping and can create financial calculations related to starting and managing a business. The student understands the impact of the business structure on financial management and can apply the principles of financially responsible operations. They can price their products and their own work as an entrepreneur and assess the risks associated with entrepreneurship. The student understands the basics of payroll management and taxation. They recognize the unique financial characteristics of businesses in the cultural sector.

Content

- Overview of business economics
- Basics of bookkeeping
- Profitability and financing calculations for business plans
- Budgeting
- Basics of taxation
- Costs and financing of starting a business
- Application of financially responsible principles
- Basics of payroll management
- Financial risks in business operations
- Examples of financial management in cultural organizations

Assessment criteria, satisfactory (1)

The student can interpret key business figures. They understand the financial framework of starting, managing, and closing a business and are capable of pricing their own work. The student understands the basics of payroll management and business taxation. They recognize the principles of financially responsible operations.

Assessment criteria, good (3)

The student is able to interpret business key figures effectively. They have a strong understanding of the financial framework of starting, managing, and closing a business. The student is capable of pricing their own work and can justify their pricing decisions. They master the basics of payroll management and business taxation. The student understands the principles of financially responsible operations.

Assessment criteria, excellent (5)

The student is able to analyze business from the perspectives of entrepreneurship, profitability, and risks. They can analyze the financial aspects of starting, managing, and closing a business. The student can price their products and their own work, justifying their pricing decisions in a comprehensive manner. They master the basics of payroll management and business taxation. The student can apply the principles of financially responsible operations.

Assessment criteria, approved/failed

The student can interpret key business figures. They understand the financial framework of starting, managing, and closing a business and are capable of pricing their own work. The student understands the basics of payroll management and business taxation. They recognize the principles of financially responsible operations.