Basics of Cost and Profitability Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | ET00BN27 |
| Curriculum: | ETE 2023 / 2024 / 2025 |
| Level: | Bachelor of Engineering |
| Year of Study: | 2 (2024 / 2025 / 2026) |
| Semester: | Spring |
| Credits: | 5 cr |
| Responsible Teacher: | Agbejule, Adebayo |
| Language of Instruction: | English |
Courses
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 3001 | ETE2023-2A, ETE2023-2B, ETE2023-2C, ETE2023-2D | 2024-01-08 – 2024-04-30 | Adebayo Agbejule, Daniel Addo-Bempong | English | 2023-12-01 – 2024-01-12 |
| 3002 | ETE2024-2, ETE2024-A, ETE2024-B, ETE2024-C, ETE2024-D | 2025-01-07 – 2025-04-30 | Katariina Pukkila-Palmunen | English | 2024-12-01 – 2025-01-13 |
The descriptions shown below are for the academic year: 2024-2025
Learning Outcomes
The student is able to monitor and analyse the costs in a company, allocate them correctly and utilise them in the planning of the operations and the control of a profitable business.
Student's Workload
Total work load of the student 135 h, of which
- scheduled studies 45- 50 h
- autonomous studies 90- 85 h
The assessment of student’s own learning 1 h is included in contact lessons.
Prerequisites / Recommended Optional Courses
Entrepreneurship
Contents
Significance and position of management accounting, concepts in financial administration, investment calculation, accounting by type of cost, traditional output-based cost accounting, basic idea of activity-based accounting, price determination from various points of view.
Recommended or Required Reading and Other Learning Resources/Tools
Cost Accounting: A Managerial Emphasis 14th Edition
by Charles T. Horngren (Author), Srikant M. Datar (Author), Madhav V. Rajan (Author)
Other Management Accounting material provided by the lecturer
Finnish books e.g. Neilimo &Uusi-Rauva, Johdon laskentatoimi, Edita.
Ikäheimo: Lounasmeri ja Walden: Yrityksen laskentatoimi, WSOY.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, group work, exercises, assignment.
Assessment Criteria
5: The student is able to utilise the methods learnt during the study unit independently and is able apply the learnt knowledge in new contexts.
3: The student is able to utilise the methods learnt during the study unit independently.
1: The student is able, with guidance, to utilise the methods learnt during the study unit.
Assessment Methods
Numerical assessment, exam. Course assignment will be graded too.