User:Jukeboksi/Studies/2004

Business law
See also:
 * '''Business law
 * Commercial law
 * list of business law topics

Exam: Wed 8.12.2004 08:20

Book: An introduction to Finnish law, Kauppakaari -> Finnish Lawyers Publishing, Second Edition 2002

Essential chapters:


 * Chapter one Introduction 1-20
 * Chapter two Sources of law and material on sources of law 21-30
 * chapter three Constitutional law and Human rights 31-56
 * chapter four Law of obligations 59-111
 * chapter five Business law 115-166
 * chapter seven Property law 211-244
 * chapter eight Intellectual property law 245-312
 * chapter ten Legal procedure 357-402

Business economics
See also:
 * Economics for an overview
 * list of economics topics provides a complete list of all economics topics
 * Category:Economics gives an alphabetical listing of articles in that category

Portfolio tasks
 * 1) Read Unit 7 and compose a summary of it

Goals

Microeconomics

Themes
 * Price theory
 * Demand theory
 * Theory of the firm
 * Production

Learning
 * pricing products
 * price change based on demand
 * elasticity (economics) measurements
 * market behaviour
 * cost analysis


 * Scarcity
 * Economic demand


 * Free market
 * Equilibrium


 * Elasticity (economics)


 * Demand theory
 * Supply
 * Supply and demand

August 24. 2004

 * Scarcity
 * Adam Smith
 * The Wealth of Nations

August 31. 2004
Types of economy:
 * the free market economy
 * the command economy
 * the mixed economy

Factors of production:
 * Land
 * Labor
 * Capital
 * circulating capital
 * fixed capital
 * Entrepreneurship

Every economy is made of three sectors:
 * Primary sector of industry
 * Secondary sector of industry / manufacturing section
 * Tertiary sector of industry / service sector

Specialization requires markets


 * Ceteris paribus

September 7. 2004

 * Specialization necessitates trade
 * Money is the primary medium of exchange


 * Supply
 * Demand


 * Goods:
 * Normal goods
 * Inferior goods
 * Giffen goods
 * (Veblen good not included in study material)


 * Elasticity (economics):
 * price elasticity of demand
 * price elasticity of supply

September 14 2004

 * Monopoly (Oligopoly)
 * Wasteful competition
 * Public goods
 * Merit and demerit goods
 * Externalities
 * Information failure
 * Inequalities

Financial and management accounting
See also:
 * Category:Finance
 * '''List of finance topics is huge
 * See subsection Corporate finance for most relevant links
 * list of accounting topics:

August 27. 2004

 * Accounting, Financial accounting, management accounting
 * Finance, management


 * The balance sheet
 * Assets
 * Liabilities
 * Entity
 * Transaction
 * Account
 * Inventory
 * Accounts receivable
 * Accounts payable
 * Compound entry
 * Creditor
 * Debtor
 * examples of balance sheets

Self study: Pages 16-27
 * Definitions & explantations for all the key (bold) terms
 * Stockholders == roughly the same as shareholders (see p. 19), stakeholders is a wider concept, incl. all internal as well as external groups and parties having an interest in the corporation
 * Relationship between Stockholders, Board of directors and Managers (Personnel)
 * Role of a controller vs. that of a treasurer in a corporation
 * Sole proprietorship (sole trader)
 * Partnership
 * Limited liability
 * Owners' equity
 * Stockholders' equity
 * par value (stated value)
 * paid-in capital
 * Common stock
 * Stockholders elect Board of directors which appoints Managers
 * Auditor
 * Certified public accountant (CPA)
 * Audit
 * public accountant
 * private accountant

September 3. 2004

 * Annual report
 * Balance sheet equation
 * Notes payable
 * Open account
 * Account payable

September 10. 2004

 * Exercises 1-20 to 1-22 on page 32, recommended
 * 1-23 to be done individually
 * 1-25 on p.33 altogether
 * Net-presentations: Chapters 1 & 2 verry quickly to get to know the key issues


 * Chapter 2, study carefully for the next time (three weeks to study)
 * p. 42-54 "Introduction to income measurement"
 * p. 44-48 "measuring income"
 * p. 48-54
 * p. 54-56 The income statement


 * Very quickly only: Statement of cashflows p.56-57
 * Problems and solutions No. 1-3 on p. 57, 63 & 69
 * Questions 2-1 to 2-9, p. 71
 * pages 74-77, exercises 2-35 and either 2-40 or 2-42


 * No lectures next or the week after that

See also:
 * Category:Finance
 * '''List of finance topics is huge
 * See subsection Corporate finance for most relevant links
 * list of accounting topics:

October 22. 2004
Summary

Chapter 4

p. 132 Transactions
 * Implicit
 * Explicit

Adjustments

p. 134 Unearned revenue

p.145
 * Current assets
 * Current liabilities
 * Working capital (==käyttöpääoma) = Current assets - non-interest bearing current liabilities

p.146
 * Current ratio
 * Solvency

p.154
 * Return on sales (ROS)
 * Return on equity (ROE)
 * Return on investment (ROI)

p. 156
 * FASB defines GAAP (US)
 * IASB defines IFRS (formerly known as IAS
 * SEC Securities and Exchange Comission

Procurement and supply chain management (logistics)
Exam is on 13.12.2004 11:00-13:45 or alternatively an oral exam

See:

Procurement & Logistics: Categories:
 * Supply chain
 * distribution
 * supply chain management
 * Category:Commercial item transport and distribution
 * Category:Logistics

International trade:
 * List of international trade topics

August 23. 2004
Procurement is "Hankinta" in Finnish

SCM stands for Supply chain management

Procurement includes: Order, Supply, Delivery, Product Research, Payment, Price, Customer satisfaction

August 30. 2004
Read pages 1-35 from the book in advance:

Supplier evaluation variables:
 * ISO 9000
 * Price
 * Delivery
 * Quality
 * Service


 * Outsourcing
 * Just In Time (JIT)


 * Form utility: raw material, SFP, FP
 * (CRM)
 * (CNC)

September 6. 2004

 * Purchase order
 * Production plan
 * Production order

Documents: List of business documents


 * LOI - Letter of Intent
 * Letter of Credit (L/C)
 * Invoice
 * Bill of lading sea transport document


 * SWIFT (Society for Worldwide Interbank Financial Telecommunication)

Links
 * http://www.purchasing.com
 * http://help.sap.com
 * http://www.export911.com/e911/ship/ship.htm
 * http://europa.eu.int/comm/dgs/energy_transport/index_en.html

Schedule Part I Logistics, supply chain management 23.8.-18.10.2004

Logistics activities 23.8-18.10.2004


 * Consepts: The Basics
 * Sourcing
 * Purchasing process
 * Procurement process
 * Integrated Logistics
 * Customer service
 * JOT
 * Service response logistics

Part II
 * Inventory management
 * Inventories costs
 * EOQ == Economic order quantity
 * Transport management
 * Transportation modes
 * Containers
 * Transportation documents

Part III Logistics simulation 25.10-29.11.2004
 * Simulation cases

Project management
See also:
 * list of management topics
 * list of human resource management topics
 * list of production topics

August 23. 2004

 * Concept and definition of a project
 * Project management
 * Project cycle management, from conception to implementation
 * (New product development)
 * Knowledge areas in project management
 * Qualifications of a good project manager
 * Planning analyses: SWOT analysis, problem analysis
 * Project plan and budget
 * MS Project as a planning tool
 * Implementation, monitoring, reporting
 * Project organisation and stakeholders
 * Project communication
 * Risk management
 * Closure, exploitation and distribution of results
 * Special features of international projects

Characteristics of a project: it has...
 * Unique & concrete results
 * Limited time (beginging and an ending)
 * Plan
 * Team
 * Target
 * A Leader
 * Work
 * Limited resources

Classically defined as projects:
 * New product development
 * Research
 * Development (operational)
 * Delivery
 * Investments

August 30. 2004
...

Basics of marketing
See also:
 * list of marketing topics

September 3. 2004

 * Top management (Strategic management): Long term planning (3-10 yrs) == Strategic planning (usually 5 yrs)
 * Middle management: Operational management (1-2 yrs)
 * Creating marketing mix strategy
 * How to allocate resources
 * Day-to-day business
 * SBU - Strategic Business Unit


 * Environmental scanning


 * SWOT Analysis:
 * 1) Strenghts
 * 2) Weaknesses
 * 3) Opportunities
 * 4) Threats

Computing A
list of information technology management topics:

Mathematics for business

 * Wikibooks: Algebra
 * Mathematical economics

August 24. 2004
Algebra refresher:
 * Sets and Real numbers
 * Integers
 * Natural numbers
 * Irrational numbers


 * Transitive property
 * Commutative property
 * Associative property
 * Inverse property
 * Multiplicative inverse
 * Reciprocal
 * Distributivity

August 30. 2004

 * Exponents and radicals
 * Factoring
 * Fractions

September 7. 2004
Chapter 1: Equations
 * 1) Linear equations:
 * 2) Theory pp. 36-37 quickly together
 * 3) Examples #3-7 on pp. 39-41 individually
 * 4) The odd ones of exercises #1-30 on pp. 41-42
 * 5) Equations leading to linear equations
 * 6) pp. 42-45 together
 * 7) The odd ones of exercises #1-38 on pp. 46-47

Ekonomisvenska
http://sv.wikipedia.org

75% attendance - below that will lower the grade

Literature: H0991E/5 Fabritius/Melkko Samspel WSOY, pages 8, 10-12, 17-28, 50-55, 60-64, 67-68, 70, 91-94, 98-103, 115-117, 119-120, 122-126

Wordtest: Oral exam: Written exam:
 * 29.9.
 * 17.11.
 * 24.11.
 * 1.12.

25.8.04
Next time: Exercise 4

Basics of French

 * Wikibooks: French
 * Wikipedia en François