Internal Control and Risk Management (5 cr)

Evaluation scale

0-5

Content scheduling

Opintojakson alussa kontaktit 8kp ja tämän jälkeen ryhmätöiden esittelyt omana videotallenteena. Itsenäinen portfolio palautetaan opintojakson päätteeksi ennen opintojakson arviointivaihdetta.

Objective

The object of the course
After completing the course, you understand the definition and objectives of internal control. You know the responsibilities of senior management, supervisors, and the individual employee in internal control in developing and as an executor. You recognise the role of supervision in preventing and detecting fraud. You understand what risks are and detect ways in which risks are identified, analysed and how a company can hedge against risks.

Course competences
Business competence: The student has a broad-based understanding of internal control and risk management as a support for the business.
Operating in a workplace: The student Is able to act professionally in communication and interaction situations at a workplace.
Proactive development: The student is able to apply existing knowledge in the field in development and utilises research and development methods.
Ethics: The student is able to take responsibility for their own actions and their consequences and reflects on them in accordance with the ethical principles and values of their field.
Internationality and multiculturalism: The student is familiar with the impacts of their cultural background on their activities and is able to develop operating methods that take multiculturalism into account in their work community.

The learning objectives of the course
You understand the definition and objectives of internal control. You know the responsibilities of senior management, supervisors, and the individual employee in internal control in developing and as an executor. You recognise the role of supervision in preventing and detecting fraud. You understand what risks are and detect ways in which risks are identified, analysed and how a company can hedge against risks. You take responsibility for your own work and follow the given schedules.

Content

You understand the definition and objectives of internal control. You know the responsibilities of senior management, supervisors, and the individual employee in internal control in developing and as an executor. You recognise the role of supervision in preventing and detecting fraud. You understand what risks are and detect ways in which risks are identified, analysed and how a company can hedge against risks. You take responsibility for your own work and follow the given schedules.

Location and time

Verkkototeutus annettuna ajankohtana. Tämä toteutus on vain monimuoto-opiskelijoille kohdennettu. Päiväopiskelija katso saman opintojakson toinen toteutus. Tälle toteutukselle ei oteta päiväopiskelijoita. Opintojakso on suoritettavissa vasta perustopintojen jälkeen.
Opintojaksolle osallistuminen edellyyttää ryhmätyöskentelyä sovittuna ja siltä osin myös joustavana ajankohtana.

Teaching methods

A flipped classroom method where the theoretical recording/videos and materials to be studied before the tutorial contact. With tutorial contact we do exercises and you have the possibility to get guidance. We offer face-to-face/online sessions depending on chosen implementation, learning assignments made independently and in groups.
Courses encourage students to learn from each other. In this course, peer learning is offered through a discussion forum focusing on learning tasks and and group work.

Employer connections

Opintojaksoon sisältyvät mahdolliset työssä tehtävät osiot kuvataan kurssin ensimmäisillä kokoontumiskerroilla. Tyypillisesti ryhmätyö tehdään omaan työpaikkaan

Completion alternatives

Toisessa korkeakoulussa suoritettu vastaava opintojakso voidaan lukea hyväksi osasuorituksena tai kokonaisuutena. Huomio, että riskiehallinnan lisäksi toinen keskeinen opintosisältö tulee olla sisäinen valvonta. Osa-ahot mahdollisuus. Muulla tavoin hankittu osaaminen voidaan tunnistaa ja tunnustaa näyttökokeeseen osallistumalla. Tarkemmat ohjeet löytyvät tutkintosäännöstä ja opinto-oppaasta.

Student workload

Kontaktit ja niihin liittyvät harjoitustehtävät 25h, ryhmätyöskentely ja arvioitava tehtävä 54h, Itsenäinen opiskelu ja arvioitavat tehtävä 56h,

Assessment criteria, satisfactory (1)

Adequate 1
You understand the definition and objectives of internal control. You know the responsibilities of senior management, supervisors, and the individual employee in internal control in development and as an executor. You recognise the role of supervision in preventing and detecting fraud. You understand what risks are and identify ways in which risks are identified, analysed and how a company can hedge against risks. You take responsibility for your own work and follow the given schedules.

Satisfactory 2
You know the definition and objectives of internal control. You go through the responsibilities of senior management, supervisors and individual employee in internal control in development and as an executor in a variety of control environments. You recognise and describe the role of supervision in preventing and detecting fraud. You know what risks are and you recognise them and tell the ways in which risks are identified, analysed and how a company can hedge against risks. You act responsibly for your own work, ensuring that the joint output is completed on time.

Assessment criteria, good (3)

Good 3
You know the definition and objectives of internal control. You go through the responsibilities of senior management, supervisors and individual employee in internal control in development and as an executor n a variety of control environments. You distinguish and describe the role of supervision in preventing and detecting fraud. You know what the risks are. You identify, compare, communicate solutions, analyse how a company can hedge against risks. You analyse the risks of the control environment and identify process control measures. You direct and organise the activities of the group and take responsibility for meeting assignments and schedules.

Very good 4
You define the concept and objectives of internal control in a reflective manner. You assess the responsibilities of senior management, supervisors and an individual employee in internal control in development and as an executor in a variety of control environments. You design and build processes to reduce and detect the risks of fraud. You identify, compare, describe different solutions, analyse how a company can hedge against risks. You analyse the risks of the control environment and identify process control measures. You take the initiative and organise the goal-oriented activities of the group by taking responsibility.

Assessment criteria, excellent (5)

Excellent 5
The presentation of the key themes and concepts in the topic area is reflective and structured. You assess critically industry-specific key risks and master key risk management tools. You manage the definition of internal control, objectives and form an assessment of the company's control culture and environment. You build and make development proposals to improve internal control and risk management based on the theory of the topic. You work in good cooperation and actively guiding the group in its goal-oriented activities.

Qualifications

Program's basic studies.

Further information

Avoin amk 5
Tällä opintojaksolla on 2 pakollista arvioitavaa tehtävää:

1) Portfolio (3op, 60%)

2) Yrityksen sisäisen valvonnan ja riskienhallinnan tehtävä 2-3 hengen opiskelijaryhmissä (2op, 40%), ei yksilötyömahdollisuutta tältä osin