Time: Students can start their studies approximately within a week after enrolling on this course. The estimated time for completing this course is 2-3 months. Notice that the first nonstop start is on 21 January 2025.
Please notice that Xamk’s lecturers do not assess completed courses nor enter the course assessments in Xamk’s record of credits (Peppi) during their non-teaching periods. Completed courses will not be assessed between 2 June and 17 August 2025
Place: Online studies
Extent: 5 ECTS credits
Target group: Everyone interested in the topic
Required previous skills: The knowledge of the basics in accounting and leadership is recommended.
Please notice that from September 1, 2024 onwards, only students with a Finnish social security number (i.e. a personal identity code) can start their studies on Xamk Pulse’s courses. You can read more here.
Course is completed independently
Credited in degree at Xamk: All bachelor level degrees
Area of competence mentioned in Curriculum: Optional studies
Enrolment by: 19 October 2025. This is a nonstop start and students can start their studies approximately within a week after enrolling on this course.
Price: Free of charge
Note that you can enrol for Open UAS studies at the maximum of 50 ECTS credits per semester. One person’s enrolments exceeding 50 ECTS credits are deleted in the enrolment order. Paying attention to this is important when planning your studies.
Please also notice that
Xamk degree students cannot enrol on Open UAS courses.
Path students enrol at Peppi or Tuudo only for study courses included in path studies. Check your invitation letter for more detailed instructions for your own path study.
Learning outcomes:
- You are able to take into account the financial goals of a service enterprise and act accordingly from the leadership point of view.
- You are able to interpret financial information.
- You are able to utilize financial information in management decision making.
- You are able to apply the most common price setting methods.
Contents and methods:
- How can the profitability of a service enterprise be affected?
- How does the price setting affect the profitability of an enterprise?
- What do financial statements indicate about the financial situation of a service enterprise?
- What kind of key ratios and indicators can be used in analyzing the economic situation of a service enterprise?
- What kind of calculations can be used in decision making?
Self-study-based course with 2-3 exams and quizzes. Instructions and tasks on XAMK's Learn platform.
The completion of the course is based on the student's own active work; getting to know the materials and answering exams. Course schedules must be followed. The course completion is automated. Exams and quizzes on duty freely within the deadline. More detailed instructions on the course's Learn website.
The course covers 5 ECTS credits, totalling 135 hours of student work. The number of hours is theoretical and varies according to student effort.
Study material:
Course and exam book: Bettner Mark S: Using Accounting and Financial Information, 2014. (The book is mandatory and available as an e-book from the XAMK’s Kaakkuri Library
(Extrabook (this book is not mandatory): Elliott, B. and Elliott, J. (2019) Financial Accounting and Reporting (19th edn), Harlow, Essex, Pearson Education Limited.
Texts/articles picked up by teacher.
Other study material can be found on the Learn website of the course. The studies are based on material there or linked therein.
All the teaching to be given has been recorded and can also be found on the Learn website of the course.
Assessment:
a. You can use professional vocabulary related to leadership in financial administration.
b. You can evaluate operations considering leadership in customer, user, and other target group situations.
c. You can choose the most appropriate models and methods and justify your choices.
THE EVALUATION DEPENDS ON:
Quizzes and exams (100 percent), max 120 points.
The assessment is based on the total points collected by the student from the quizzes and exams. Ten topics; eight quizzes and two or three exams.
120 – 108 points = 5
107 – 96 points = 4
95 – 84 points = 3
83 – 72 points = 2
71 – 59 points = 1
58 – 00 points = Failed
Grades: 1-5
The Transcript of records will be delivered automatically by email in PDF form. You can read more about the The Transcript of records on: Information on Open UAS, Xamk Pulse studies.
This course is based on the curricula of Xamk's degree programmes and the Finnish credits are fully compatible with the ECTS.
Additional information on enrolment:
Xamk Pulse, email: openstudies@xamk.fi.
Terms of cancellation:
If you are not able to participate in the course, please let us know as soon as possible by email openstudies@xamk.fi.
Before the course starts, you'll receive an invitation by email to this course.
Please note that there can be changes in the course details in terms of the timetable and teachers, for example.
South-Eastern Finland University of Applied Sciences is audited by the Finnish Education Evaluation Centre (FINEEC).