Study Guide

Objectives (course unit)

The student understands the basics of industrial accounting. The student masters the basics of cost accounting, investment calculations and budgeting and is able to apply them in international industrial activities. The student understands the key factors of the financial statements and is able to analyze them.

The student understands the various functions of industrial activity and their added value (eg Marketing, Product Development, Production, Purchasing, Logistics) and their connection from the point of view of business management and operational activity. Is able to critically and broadly examine and connect the potential of IoT and sustainable development (eg circular economy) to industry

Content (course unit)

Management accounting, cost accounting, financial statements and industry investments.
Marketing, product development, production and purchasing as well as control of operations in industrial environments.
Iot exploitation in industrial business
Sustainable development.

Assessment criteria, satisfactory (1-2) (course unit)

The student recognizes the basic concepts and boundary conditions of the industrial economy. The student is aware of the laws governing the subject and performs the given tasks, if necessary assisted.

Assessment criteria, good (3-4) (course unit)

Students are familiar with the laws, concepts and boundary conditions governing industrial economy functions. The student performs independently of the given assignments.

Assessment criteria, excellent (5) (course unit)

Students are well-versed in all aspects of industrial economics and are able to apply their skills to a variety of subject areas.

Location and time

According to Lukkari

Exam schedules

Group exam

Assessment methods and criteria

Assigments
Exam
The general evaluation criterias of TAMK are applied

Assessment scale

0-5

Teaching methods

Online teaching
Assignment
Classroom exercises

Learning materials

Material in Moodle
Litterature: Uusi-Rauva, Haverila, Kouri, Miettinen: Teollisuustalous 2009

Student workload

According to TAMK schedule and Moodle timing instruction.
Online lessons, independent study and group assignments

Content scheduling

Details to be reviewed in 1st lesson

Completion alternatives

No alternative implementations

Practical training and working life cooperation

N.A.

International connections

N.A.

Further information

N.A.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

The student knows something from topic and is moderately able to interpret and apply the learned knowledge. The student is able moderately to describe how industrial company operates. The student is motivated and takes responsibility to his/her own work.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

The student knows well the topic and is able to interpret and apply the learned knowledge. The student is able to describe how industrial company operates. The student is motivated and takes responsibility to his/her own work. Everything is done in time and according to instructions.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

The student knows widely from topic and is widely able to interpret and apply the learned knowledge. The student is widely able to describe and justify how industrial company operates. The student is highly motivated and takes responsibility to his/her own work. Everything is done in time and according to instructions.