Financial Technology ManagementLaajuus (5 cr)

Objectives

Students are able to:
- find cost information in a complex technology environment
- calculate costs in a complex technology environment
- calculate also value network costs and seek optimal cost level
- determine strategic indicators

Content

Student can use figures from management accounting in decision making and knows what to demand from management accounting. Student masters the basics of profitability, cost effectiveness and overhead costing. Student can calculate the cost and added value of an value network. Student knows key customer management and customer based costing and how value is created.
Topics:
Cost management
- trends in macroeconomics and their application in corporation economics
- product cost, total costs and its indicators in engineering and decision making in a multiple product environment
- internal and management accounting
- goal costing in product development and production
- budgeting
- customer profit and pricing strategies
- systems thinking in economics

Assessment criteria, satisfactory (1-2)

Student will achieve the minimum acceptable level by: participating the minimum required amount on face-to-face classes / written report (portfolio) includes the essential content (ref: study plan) / student (or /-s) prove with their written output (both content and form) to possess basic knowledge & skills, parallelly presenting and emphasizing information relevant to objectives / students have also proven that they possess a wide range of information regarding course's topics / contents (Bloom's taxonomy level 1) and that they also understand the meaning of all the possessed information (Bloom's taxonomy level 2)

Assessment criteria, good (3-4)

Student will achieve this level by: participating the minimum required amount on face-to-face classes / written report includes the essential content (ref: study plan) / student (or /-s) prove with their written output (both content and form) to possess good knowledge & skills, parallelly combining already existing, original material with by themselves provided, value-adding information or knowledge / students have also proven that are (in addition to Bloom's levels 1 and 2) capable of applying all the acquired knowledge in to them relevant, working life situations (Bloom's taxonomy level 3) and that they are capable of analysing, breaking information into sub-parts and drawing conclusions based on this data (Bloom's taxonomy level 4)

Assessment criteria, excellent (5)

Student will achieve this level by: participating the minimum required amount on face-to-face classes / written report includes the essential content (ref: study plan) / student (or /-s) prove with their written output (both content and form) to possess exceptional knowledge & skills, parallelly combining already existing, original material with by themselves provided, value-adding information or knowledge in such a manner that this process will provide entirely new information (deductions, implications, applications, discoveries, summaries) /students have proven that they master all the earlier described Bloom's taxonomy levels (1-4) and are additionally capable of innovating and differentiating in their work all the acquired knowledge (Bloom's taxonomy level 5) - The highest level possible to acquire is Bloom's taxonomy level 6 which is to state that learner has obtained the highest level maturity possible - meaning that the learner can also critically observe his or hers learning process's outcomes and is autonomically capable of enhancing his or hers cognitive mental schemas, further to enhance learning efficiency

Further information

The course can be in Finnsh or English depednding on the students' language skills. Students from other masters programs are accepted into the course.