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Front Page > Current Education > Mechanical and Production Engineering (KT) > 2022 > Year 2 > Basics of Cost and Profitability Accounting (IKTP1123)

Basics of Cost and Profitability Accounting

Structure Type: Study unit
Code: IKTP1123
Curriculum: KT 2022
Level: Bachelor of Engineering
Year of Study: 2 (2023-2024)
Semester: Spring
Credits: 5 cr
Responsible Teacher: Saarikoski, Lotta
Language of Instruction: Finnish

Courses During the Academic Year 2023-2024

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3012KT2022-2A, KT2022-2B, KT2022-2C, KT2022-2D2024-01-08 – 2024-04-30Lotta SaarikoskiFinnish2023-12-01 – 2024-01-12
3013YT2022-22023-08-28 – 2023-12-17 Finnish2023-08-01 – 2023-09-06
3014ET2022-2A, ET2022-2B, ET2022-2C, ET2022-2D, YT2022-22023-08-28 – 2023-12-17Katariina Pukkila-PalmunenFinnish2023-08-01 – 2023-09-06

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 -55 h
- autonomous studies 85-80 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 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

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.