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Basics of Cost Accounting

Structure Type: Study unit
Code: TLVP1201
Type: Compulsory / Basic Studies
Curriculum: KT 2016V
Level: Bachelor of Engineering
Year of Study: 2 (2017-2018)
Credits: 5 cr
Responsible Teacher: Niittykoski, Jukka
Language of Instruction: Finnish

Courses During the Academic Year 2017-2018

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
7T-LT-2VT2017-09-01 – 2017-12-22Jukka NiittykoskiFinnish2017-08-21 – 2017-09-18

Still need to take the course? See the courses during the academic year 2019-2020.

Learning Outcomes

The student understands the principles of economic thinking and is able to carry out profitability calculations and prepare budgets to support decision making.

Student's Workload

135 h, including 50 h of contact studies and 85 h of individual work. The assessment of student’s own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses



Getting familiar with cost accounting, cost concepts and classifications, cost-volume-profit calculations including value added tax, profitability ratios, product costing and differential cost analysis, different methods for pricing goods and services, introduction to budgeting, preparation of cash budgets, income statement budgets and forecasted balance sheets.

Recommended or Required Reading and Other Learning Resources/Tools

Tomperi, Soile. Uusin painos. Kannattavuus ja kustannusten hallinta. Helsinki. Edita.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, written exercises, self-reliant studying.

Assessment Criteria

5: Utilize theories, concepts and methods consistently in various situations.
3: Utilize essential concepts in single situations and assignments and understand the theories on which the assignments are based.
1: Recognize and understand the essential theories, principles and methods.

Assessment Methods

Written test 100%. Assessment on scale (0-5).