Basics of Cost and Profitability Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | ET00BN27 |
| Curriculum: | ETE 2025 |
| Level: | Bachelor of Engineering |
| Year of Study: | 2 (2026) |
| Semester: | Spring |
| Credits: | 5 cr |
| Responsible Teacher: | Agbejule, Adebayo |
| Language of Instruction: | English |
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.