The Financial Management Edubook contains many practice assignments as well as theory. Furthermore, all modules feature a large number of (digital) assignments and a case study, which gives students the opportunity to apply and practise the theory directly.
Many intermediate practice assignments are provided with automated feedback. Students are taken through the subject step by step. The automated feedback allows them to complete the exercises independently.
The assignments in the Edubook vary in level from one star (beginners level) to three stars (final level). The feedback helps users to assess and improve their own level.
The Financial Management Edubook can be used at various levels within different programmes. The learning tool fits perfectly with first-year students of a financial module, but also fits well within modules where students need to acquire a financial-economic basis. Examples are facility management, logistics, business administration, hotel management, commercial economics, etc. It can also be used in second, third, and forth year modules and within Economics and Business degree programmes.
Through the Edubook, students are introduced to financial management. The subject is explained step by step and by means of simple examples a link to practice is made.
The first modules focus on the most important statements: the income statement, the cash flow statement and the balance sheet. Both the structure and the practical application are covered extensively. Furthermore, all relevant concepts are explained.
In the later modules, subjects such as the business plan, fixed and current assets and ratio analyses are described in detail.
The various methods of investment selection are discussed in the module on fixed assets and the section on current assets focuses on working capital and its optimisation.
Finally, the equity and debt capital of a company are dealt with extensively.
In addition to theory, the Edubook Financial Management contains a large number of (digital) assignments and case studies that provide students with the opportunity to practise the theory covered in each module. At the end of each module there are various exercise assignments, classified into different levels from one (beginner) to three stars (advanced).
After working through the Edubook, students will have a broad knowledge and practical understanding of financial management within the business environment.
Every organisation keeps its (financial) accounts and is obliged to publish the results. Accurate information is a very important factor in the decision-making process of organisations. Accurate processing of financial data is therefore a requirement. Of course, the automation within organisations comes in handy here. Nevertheless, it is important that students themselves are competent, so that they are able to collect, interpret, check and correct administrative data. They can only do that if they know how to set up and run an administration themselves.