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Front Page > Current Education > Energy Technology (ETE) > 2023 > Year 2 > Basics of Cost and Profitability Accounting (ET00BN27)

Basics of Cost and Profitability Accounting

Structure Type: Study unit
Code: ET00BN27
Curriculum: ETE 2023
Level: Bachelor of Engineering
Year of Study: 2 (2024)
Semester: Spring
Credits: 5 cr
Responsible Teacher: Agbejule, Adebayo
Language of Instruction: English

Courses During the Year 2024

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3001ETE2023-2A, ETE2023-2B, ETE2023-2C, ETE2023-2D2024-01-08 – 2024-04-30Adebayo Agbejule, Daniel Addo-BempongEnglish2023-12-01 – 2024-01-12

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



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.