Industrial EconomicsLaajuus (4 - 5 cr)
Code: TKKP0950
Credits
4 - 5 op
Teaching language
- Finnish
Responsible person
- Harri Tuukkanen
Objective
You understand the operation and management models of an industrial organization. You know the financial terms. You understand the differences between financial and real processes. You are able to interpret the financial statements and analyze the state of a company by utilizing financial KPI's. You are able to calculate costs and price a product or a service. You understand the basics of investment calculations and the concept of payback period. You have an understanding of the cost effects of asset management.
Knowledge and understanding:
You understand the significance of profitability and financial solidity for a company and their connection to product and project costing.
Multidisciplinary competences:
You are able to utilize economical knowhow in varying situations.
Content
Management, Financial accounting, Management accounting, Business game and Project work.
Qualifications
-
Assessment criteria, satisfactory (1)
(1)
You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.
(2)
You are able to price a product. You know some terminology and part of the other contents of the course.
Assessment criteria, good (3)
(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.
(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.
Assessment criteria, excellent (5)
(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.
Enrollment
01.11.2022 - 05.01.2023
Timing
01.01.2023 - 21.05.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 100
Degree programmes
- Bachelor's Degree Programme in Mechanical Engineering
Teachers
- Juha Sipilä
Teacher in charge
Harri Tuukkanen
Groups
-
TKN20SBKonetekniikka (AMK)
-
TKN21SAKonetekniikka (AMK)
-
TKN21SBKonetekniikka (AMK)
-
TKN20SAKonetekniikka (AMK)
-
TKN20SMKonetekniikka
Objective
You understand the operation and management models of an industrial organization. You know the financial terms. You understand the differences between financial and real processes. You are able to interpret the financial statements and analyze the state of a company by utilizing financial KPI's. You are able to calculate costs and price a product or a service. You understand the basics of investment calculations and the concept of payback period. You have an understanding of the cost effects of asset management.
Knowledge and understanding:
You understand the significance of profitability and financial solidity for a company and their connection to product and project costing.
Multidisciplinary competences:
You are able to utilize economical knowhow in varying situations.
Content
Management, Financial accounting, Management accounting, Business game and Project work.
Materials
Martinsuo ym. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. Teollisuustalous
Teaching methods
Luokkaopetus.
Employer connections
Harjoitustyön voi suorittaa myös yrityksen toimeksiantoon!
Exam schedules
Opintojakson päätteeksi. Tutkintosäännön mukaan.
Completion alternatives
-
Student workload
Oppitunnit n. 50h
Yrityspeli n. 12h
Tehtävät ja harjoitustyö n. 60h
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
(1)
You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.
(2)
You are able to price a product. You know some terminology and part of the other contents of the course.
Assessment criteria, good (3)
(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.
(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.
Assessment criteria, excellent (5)
(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.
Qualifications
-