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Basics of Cost Accounting

Structure Type: Study unit
Code: TLA0306
Curriculum: LT 2023W
Level: Bachelor of Business Administration
Year of Study: 1 (2023-2024)
Semester: Spring
Credits: 5 cr
Responsible Teacher: Niittykoski, Jukka
Language of Instruction: Finnish

Courses During the Academic Year 2023-2024

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3016LT2023-1A2023-08-21 – 2023-12-24Jukka Niittykoski, Kerstin SiegfridsFinnish2023-08-01 – 2023-09-06
3017LT2023-1B, LT2023-1C2023-08-21 – 2023-12-24Jukka NiittykoskiFinnish2023-08-01 – 2023-09-06
3019LT2023-1D2023-08-21 – 2023-12-24Jukka NiittykoskiFinnish2023-08-01 – 2023-09-06
3020LT2023-1W2024-01-08 – 2024-05-31Jukka NiittykoskiFinnish2023-12-01 – 2024-01-12
3021LT2023V-1K2024-01-08 – 2024-05-12Kerstin SiegfridsFinnish2023-12-01 – 2024-01-12

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

Lessons 20 h, exercises 32 h, self studies 63 h and preparations for the exam 20 h
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

No prerequisites


Getting familiar with cost accounting, cost concepts and classifications, cost-volume-profit calculations, 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.

Regional Impact




Recommended or Required Reading and Other Learning Resources/Tools

Talousohjaus ja kustannuslaskenta. Marko Järvenpää, Aapo Länsiluoto, Vesa Partanen, Jukka Pellinen. Sanoma Pro, Newest edition.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, written exercises, self-reliant studying, groups works.

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, gropup works. Assessment on scale (0-5).