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Industrial economicsLaajuus (4 cr)

Code: TSAE0100

Credits

4 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.

Content

Management
Financial accounting
Management accounting
Business game

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

01.08.2022 - 25.08.2022

Timing

29.08.2022 - 31.12.2022

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Teaching languages
  • Finnish
Seats

0 - 50

Degree programmes
  • Bachelor's Degree Programme in Energy and Environmental Technology
Teachers
  • Harri Tuukkanen
Scheduling groups
  • Päiväryhmä TER20S1 (Capacity: 50. Open UAS: 0.)
  • Monimuotoryhmä TER20SM (Capacity: 50. Open UAS: 0.)
Groups
  • TER20SM
    Energia- ja ympäristötekniikka (AMK)
  • TER20S1
    Energia- ja ympäristötekniikka
Small groups
  • Päiväryhmä TER20S1
  • Monimuotoryhmä TER20SM

Objectives

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.

Content

Management
Financial accounting
Management accounting
Business game

Learning materials and recommended literature

Martinsuo ym. 2016 / 2018. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. 2009. Teollisuustalous

Teaching methods

Luokkaopetus. Laskuharjoitukset. Harjoitustyö. Yrityspeli.

Exam dates and retake possibilities

EXAM-tentti opintojakson päätteeksi. Yhteensä 3 tenttitilaisuutta.

Student workload

Oppitunnit n. 45h
Yrityspeli n. 12h
Tehtävät n. 40h

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(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.

Evaluation criteria, good (3-4)

(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.

Evaluation 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

01.11.2021 - 09.01.2022

Timing

01.01.2022 - 15.05.2022

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Energy and Environmental Technology
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Harri Tuukkanen
Groups
  • TSA19SA
    Bachelor's Degree Programme in Electrical and Automation Engineering
  • TSA19SB
    Bachelor's Degree Programme in Electrical and Automation Engineering

Objectives

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.

Content

Management
Financial accounting
Management accounting
Business game

Learning materials and recommended literature

Martinsuo ym. 2016 / 2018. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. 2009. Teollisuustalous

Teaching methods

Luokkaopetus. Laskuharjoitukset. Harjoitustyö. Yrityspeli.

Practical training and working life connections

Opintojakson harjoitustyön voi suorittaa ulkopuoliselle toimeksiantajalle.

Exam dates and retake possibilities

EXAM-tentti opintojakson päätteeksi. Yhteensä 3 tenttitilaisuutta.

Student workload

Oppitunnit n. 45h
Yrityspeli n. 12h
Tehtävät ja harjoitustyö n. 40h

Further information for students

Opintojakso toteutetaan yhdessä "TSAE0500-3002 Suunnitteluprojektin talous" -opintojakson kanssa.

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(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.

Evaluation criteria, good (3-4)

(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.

Evaluation 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.