Vak: Basic Financial Management credits: 3

Main learning outcome:
The student knows and understands the basic financial overviews and the cost structure of a company and makes simple calculations based on simple financial information within the facility management context

Learning outcomes:
The student:
- predicts the impact on the balance sheet, income statement and cash flow statement when relevant financial facts are given
knows the differences between costs, revenue, cash inflow and cash outflow and calculates on the basis of given financial facts provisions, liabilities, investments (depreciation costs and VAT included)
- calculates on the basis of given financial facts purchase value, gross profit margins, costs, operating income, financial income and expenses, pre-tax profit, taxes and net profit (EBIT, EBT, EAT)
- calculates profitability ratios, solvency ratios and liquidity ratios (return on assets, return on equity, average cost of debt, solvency ratios, debt ratio,  turnover rate, interest coverage ratio, current ratio, acid test ratio, net working capital)
- can perform a break-even analysis and determines the safety margin based on given financial facts
- knows the differences between fixed and variable costs, direct and indirect costs and the cost for a homogeneous and heterogeneous production and can perform standard costing analysis based on absorption costing and overhead application rates (single and multiple makeup method)