Entry requirements

30 credits in science/engineering/pharmacy/medicine.

Learning outcomes

After a successfully completed course, the student should be able to:

• choose, prepare, interpret and use cost estimates as a basis for the different situations in an industrial company,
• interpret financial statements and other financial reports of industrial companies, including the income statement, the balance sheet, the cash flow statement and key measures in these,
• describe how economic control of results, behavior, personnel and corporate culture functions in an industrial company,
• explain how strategic planning, management, entrepreneurship, organisation, production and learning works in an industrial company,
• explain how the industrial company markets and price it’s products,
• explain how the company deal with it’s environment.

Content

Cost-volume-profit analysis, product costing, investment analysis, accounting and bookkeeping, budgeting, financing, financial analysis, pricing and management control are discussed as support for and a background to decision-making. Insights into the company and it’s environment, management, entrepreneurship, organisation, strategic planning, learning and marketing are given as a basis for understanding structure of the industrial company's prerequisits.

Instruction

Lectures, exercises, seminars and tutorials.

Assessment

Written exam (5 credits). Written assignments and a seminar give bonus points at exams within one year from the beginning of the course.

Other directives

The course may not be included in a degree together with any of the following courses: 1TE728 Industrial Management and 2FE025 Business Studies, Basic Course A/B.