|Basis of Education||Competence Standards||Structure of Studies||Development of Expertise||Methods and implementation||Course Table|
EI21SP Bachelor Degree Programme in Mechanical Engineering
|Credits in Foreign Language||5 cr|
|Objectives||The course will introduce the students to economic thinking and gives an overall picture of company's economic environment and profitability. The students will get a comprehensive view of the role that accounting has in business operations. During this course the students will learn the basics of different cost concepts and cost-volume-profit analysis, income statement and balance sheet.|
|Content||Concepts of entrepreneurship, where to get help, start-up grant, doing business without own company|
The features of main business processes: real process and monetary process, profitability, liquidity and solvency
The behavior of costs, purchasing process
Basics of budgeting
Being an employer, calculating salaries
Value added tax
Cost-volume-profit analysis and financial calculations
The role of accounting in the decision-making process
Financial statement analysis:
Basics of marketing, marketing process of products and services
|Requirements||Assessment includes a student's entire learning process during the course. It focuses on checking what extent a student has acquired knowledge and skills in accordance with the course objectives. A student's attitude and motivation and attendance are also taken into account in the assessment.|
Exam, business plan, exercises, company visits.
Re-exams and upgrading of the course only via general exams (re-sit exams) that consist of the literature questions.
|Grading Scale||0 - 5|
|Course material||Materials and links in Moodle. |
Material provided by the lecturer and/or developed by students themselves, e.g., exercises and solutions.
Pidätämme oikeuden opetussuunnitelmien muutoksiin mm. opiskeltavien sisältöjen päivitystarpeiden takia.