BE-905 Financial management in decision-making
- ECTS Credits:
- 10
- Responsible department:
- School of Business and Law
- Course Leader:
- Terje Heskestad
- Lecture Semester:
- Spring, Autumn
- Teaching language:
- Norwegian.
- Duration:
- 1 term
The course is connected to the following study programs
- Executive Master of Business Administration
Teaching language
Norwegian.Prerequisites
The admission requirements for the Executive MBA is a completed bachelor¿s degree or equivalent education consisting of at least 180 ECTS and a minimum of two years relevant work experience after the completion of the education.
Relevant work experience is herein work experience within management or work experience from other positions with independent responsibilities
Recommended prerequisites
Good knowledge of the English language is recommended
Course contents
-
Basic economic concepts
-
Cost and revenue theory
-
Key performance indicators for account management and control
-
Investment analysis
-
Economic risk
-
Management and decision making processes
-
Balanced scorecard; lean processes
-
Methods for evaluating projects and activities
-
Project budgets and project accounting - initiation and follow up
Learning outcomes
The student is to
-
Acquire an understanding of key themes in business economics
-
Have awareness and knowledge of tools that can improve decision making processes
-
Have the ability to do basic economic assessments that can underpin decision making processes
Teaching methods
Lectures and group work during four sessions. Each session lasts for 1-2 days. Net based teaching through Canvas. Exercise tasks between the sessions.
Teaching language: Norwegian
Litterature: Norwegian and English
Evaluation
The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Assessment methods and criteria
4- hour written individual school exam. The grades A-F are used (ECTS grading scale).
Reduction of Credits
This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:
| Course | Reduction of Credits |
|---|---|
| IND400 – Business Management and Analysis 1 | 10 |
| IND4100 – Business Management | 5 |