TeollisuustalousLaajuus (4 cr)
Code: TE00CJ27
Credits
4 op
Teaching language
- Finnish
Responsible person
- Juha Sipilä
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 and working capital.
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 know-how in various situations.
Content
Management, Financial accounting, Management accounting, Business game and Project work.
Assessment criteria, satisfactory (1)
(1)
You are able to set prices for products. 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 set prices for products. 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.