Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


The objective is to combine student's analytical skills and knowledge of management and financial accounting with his/her understanding of economics, strategic management, finance and information systems. Students must be able to execute real life projects providing value added to case companies or other institutions. Final report to be presented to the company management must also include conclusions and recommendations. Course develops advanced communication and presentation skills.

Credits: 6

Schedule: 04.09.2023 - 03.11.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Jari Huikku, Jukka Sihvonen

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    The course will be completed as an assignment to a case company. The assignment will be tailored by each case. There are 8-10 cases by course which will be allocated to teams considering their preferences. Previous assignments have included eg. following subjects:
    - Strategic competitor analysis (several works)
    - Digitalization
    - Artificial intelligence and Robotic Process Automatization
    - Shared service centers

    - Internal audit and board work
    - Benchmarking and developing CSR reporting
    - Long-term liquidity planning

    Masters' level capstone course is an evolving concept, and the contents may be further specified during the course.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    The course will be completed as a 3-5 person group assignment to a case company. During the course each team will present two interim reports. In addition, teams will have at least two individual coaching sessions with the instructor(s) during the course. The apex of the course is the final report to be presented to the management of the case company.

    Course assessment will be based on reports and presentations. Individual contribution can be considered in the assessment.

  • valid for whole curriculum period:

    - Classroom hours, team sessions and presentation of interim report(s), 20 h
    - Group work, 80 h
    - Preparation and presentation of final report, 60 h


Substitutes for Courses
SDG: Sustainable Development Goals

    3 Good Health and Well-being

    5 Gender Equality

    9 Industry, Innovation and Infrastructure

    10 Reduced Inequality

    13 Climate Action


Further Information
  • valid for whole curriculum period:

    The course continues in the period II (autumn course) / V (spring course). During that period the student groups develop their reports with the aid of the teachers and the final presentation to the organization takes place.

    Participation in the limited number of common sessions is compulsory and will be controlled.

    Credit transfer and capstone course: With legitimate grounds (e.g. exchange studies abroad, serious illness working life and its restraints is not considered a legitimate reason to not complete the capstone course), the student can apply for a credit transfer for a capstone course. However, as a deviation from the common process of credit transfer at the School of Business, the application for credit transfer must be submitted before completing the course represented to substitute the capstone course at the School of Business. The credit transfer should be applied for according to the credit transfer instructions depicted at Into. Based on the credit transfer application, the teacher in charge of the capstone course will decide whether the learning goals for the capstone course can be fulfilled by completing the course the student has represented to substitute the capstone course. The substituting course cannot be a School of Business course. CEMS MIM students can use the CEMS Business Project to substitute the Capstone course. Details on how to mark the course in your PSP from the planning officer of the department.

    Teaching Language : English

    Teaching Period : 2022-2023 Autumn I - II
    2022-2023 Spring IV - V
    2023-2024 Autumn I - II
    2023-2024 Spring IV - V

    Enrollment :

    Registration for courses: in Sisu

    In autumn 2022 & 2023 maximum number of participants is 40 students. Priority is given to MSc students in Accounting who are close to graduation.

  • applies in this implementation


    The 2023 autumn course will be predominantly taught at the classroom (Ekonominaukio 1). However, some classes, contacts with the companies and presentations will be arranged online (this will be clarified in the beginning of the course).

    Please note that the course will start in the first period and final presentations will most likely extend to the second, i.e. the final presentations will typically take place at the end of October or in November.

    Please note also that each team will have their kick-off meeting with their case partner during the first two weeks of the course. Keep the flexibility in your timetables!

    Attendance in all sessions is mandatory.

    It is also worth understanding that we need FULL COMMITMENT from all the students that enroll the course. Our partners expect that Aalto University is able to deliver on their projects, considering the time and effort they have devoted together with the instructors on building and defining the cases.

    Students will be divided into the working teams by the teachers in charge.