BIK 3124 Money Matters
BIK 3124 Money Matters
This course will support private firms in developing their initial frameworks of financial management and control. This by – Provide a cascaded and stackable development trajectory that goes from broad to specific, ecomposing from company to function to activity, resulting in immediately implementable tools for financial anagement, cash management, and management control.
- To understand the need for financial statement analysis for the purpose of financial management, with an emphasis on the statement of cash flows.
- To assess existing treasury management system in terms of key value drivers for strategy definition and implementation.
- To understand the difference between financial and non-financial management control systems.
- To evaluate the profitability, liquidity, and growth of the organizational entity and identify its drivers.
- To provide possibilities for improvement of an entity’s treasury management, including optimizing the interaction with other functional domains outside the finance function.
- To develop novel approaches for existing management control problems
- To extract relevant decision-making information by means of reformulating the income statement and balance sheet for the purpose of analyzing a company’s financial situation.
- To understand the importance of the treasury function regardless of whether a global or regional/subsidiary level of analysis is adopted.
– To classify and assess their existing management control system in terms of strategy implementation, possibility for improvement, and integration with other functional domains notably outside Finance & Accounting
M1: FINANCIAL MANAGEMENT:
T1: INTRODUCTION: Viewing the business through the financial statements
T2: PROFITABILITY, GROWTH, AND SUSTAINABILITY: measurement & drivers of value-creating, sustainable growth
T3: CASH FLOWS AND LIQUIDITY: statement of cash flow, free cash flow, and liquidity measures
M2: TREASURY MANAGEMENT
T1: CASH IS QUEEN - How much cash should I hold? (forecasting)
T2: CASH SUBSTITUTES - How can I affect the level of cash? (CCC, discounting, credit lines)
T3: SCENARIO PLANNING - Up or Out? (Cash burn and exit strategies)
M3: MANAGEMENT CONTROL
T1: CONTROL DOMAIN - Control as implementation and enabling (performance template)
T2: CONVENTIONAL CONTROL - Financial control (resp. centers, KPIs, budgets)
T3: CONTEMPORARY CONTROL - Collaboration & interactive controls (activity metrics)
The course is entirely taught online within Insendi and uses primarily digital means for course delivery.
In accordance with the collaborative, peer-to-peer learning nature of the course, it uses Insendi as its technology platform with an emphasis on its constituting elements. (for passive purposes, such as obtaining and delivering/submitting materials) and Teams (for active purposes, such as collaboration and development of casework, and online class sessions). In case of technological issues with Insendi (e.g., use restrictions due to company-specific cybersecurity), the course falls back on OneDrive and Teams as such.
The online nature of the course implies both asynchronous (“in your own time”) collaboration within groups, and synchronous collaboration during the plenary sessions with all groups. The teacher is member of all groups on Insendi and acts as coach & consultant in the asynchronous group activity. The course groups are autonomous in setting their online collaboration timeframe, calendar, and meetings, which will be followed by the teacher.
In all BI Executive courses and programs, there is a mutual requirement for the student and the course responsible regarding the involvement of the student's experience in the planning and implementation of courses, modules and programmes. This means that the student has the right and duty to get involved with their own knowledge and practice relevance, through the active sharing of their relevant experience and knowledge.
The course is part of the SLM course series, BIK 3124 Money Matters, which consists of the SLM courses SLM 6010 Financial Management, SLM 6011 Treasury Management and SLM 6012 Management Control. The courses are based on the course BIK 3124 Money Matters, 7.5 ECTS. If you have completed three courses from the same SLM course series, and meet the admission requirements to take the BI exam, you can take an exam within that course series, which gives a total of 7.5 credits.
Higher Education Entrance Qualification.
Higher Education Entrance Qualification
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 100 Grouping: Individual Duration: 72 Hour(s) Comment: Work with 72 hour take home exam. Exam code: BIK 31241 Grading scale: ECTS Resit: Examination when next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 27 Hour(s) | |
Group work / Assignments | 18 Hour(s) | |
Submission(s) | 6 Hour(s) | |
Student's own work with learning resources | 98 Hour(s) | |
Prepare for teaching | 27 Hour(s) | |
Examination | 24 Hour(s) | Work with 72 timer take home exam, |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.