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Front Page > Current Education > Mechanical and Production Engineering (KT) > 2021V > Year 2 > Basics of Cost and Profitability Accounting (IKTP1123)

Basics of Cost and Profitability Accounting

Structure Type: Study unit
Code: IKTP1123
Curriculum: KT 2021V
Level: Bachelor of Engineering
Year of Study: 2 (2022-2023)
Semester: Autumn
Credits: 5 cr
Responsible Teacher: Saarikoski, Lotta
Language of Instruction: Finnish

Courses During the Academic Year 2022-2023

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3007KT2021-2, KT2021-2A, KT2021-2B, KT2021-2C, KT2021-2D2023-01-09 – 2023-04-30Lotta SaarikoskiFinnish2022-12-01 – 2023-01-10
3008KT2021V-2, KT2021V-2A, KT2021V-2B2022-08-19 – 2022-12-31Lotta SaarikoskiFinnish2022-08-01 – 2022-09-06
3009ET2021-2, ET2021-2A, ET2021-2B, ET2021-2C, ET2021-2D2022-08-29 – 2022-12-31Katariina Pukkila-PalmunenFinnish2022-08-01 – 2022-09-06
3010ET2021V-2, ET2021V-2A, ET2021V-2B, YT2021V-2, YT2021V-2A, YT2021V-2B2022-08-26 – 2022-12-31Minna UimonenFinnish2022-08-01 – 2022-09-06
3011YT2021-2, YT2021-2A, YT2021-2B, YT2021-2C, YT2021-2D2022-08-29 – 2022-12-31Katariina Pukkila-PalmunenFinnish2022-08-01 – 2022-09-06

Still need to take the course? See the courses during the academic year 2023-2024.

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 50 h
- autonomous studies 85 h
The assessment of student’s own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

Entrepreneurship and Business


Significance and position of operative accounting, concepts in financial administration, contribution-margin calculation, investment calculation, accounting by type of cost, traditional output-based cost accounting, basics of activity-based accounting, price determination from various points of view.

Recommended or Required Reading and Other Learning Resources/Tools

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.