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Cost Accounting

Structure Type: Study unit
Code: TTKA0902
Curriculum: TK 2021
Level: Bachelor of Business Administration
Year of Study: 2 (2022-2023)
Semester: Autumn
Credits: 3 cr
Responsible Teacher: Niittykoski, Jukka
Language of Instruction: Finnish

Courses During the Academic Year 2022-2023

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3003TK2021-2A, TK2021-2B2022-08-22 – 2022-12-18Kerstin SiegfridsFinnish2022-08-01 – 2022-09-06

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

Class teaching: lectures/ exercises 39 h. Independent studies: Theory reading 20 h, independent studies and reflection 22 h, preparation for examination 20 h
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

No prerequisites

Contents

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.

Regional Impact

The course content, taking into account the specific characteristics and competence requirements of international companies in the region in the energy sector.

Internationality

The course content, taking into account the specific characteristics and competence requirements of international companies in the region in the energy sector.

Recommended or Required Reading and Other Learning Resources/Tools

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

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, exercises, independent studies.

Assessment Criteria

5 Utilize cost accounting theories, concepts and methods consistently in various situations
3 Utilize essential concepts of cost accounting 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 of cost accounting

Assessment Methods

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


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