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.

Assessment methods and criteria

The course will be assessed based on a written peer group work (=portfolio). All the rehearsals during the course will affect on the course note if connected to portfolio and presented as part of it. Group size, reporting, modus operandi, all will be closer discussed on first classes. NOTICE! With a joint agreement between teacher and students any part of the course can become subject to modifications. The grading will take place by teacher reflecting the (through TURNITIN's plagiation prevention platform) delivered final portfolio against Bloom's taxonomy - depending which level the peer-group members have achieved with their portfolio, decides for the note. NOTICE! Peer-groups are entitled to fire such a member who, regardless of exhortations is unable to follow the guidelines, agreed upon by the peer-group internally. Such a (dismissed) member's note for the course will be zero (0).
The general evaluation criterias of TAMK are considered as well: https://www.tuni.fi/opiskelijanopas/kasikirja/tamk?search=arviointi&page=2198 Note! The teacher reserves the right to specify and modify the content and principles of assessment – for example, grading may deviate from the "identical grade for all peer group members"-principle; however, any changes are discussed with the students first, giving them an opportunity to influence the alterations.

Assessment scale

0-5