Basics of Cost Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TLVP1201 |
| Curriculum: | TT 2020V |
| Level: | Bachelor of Engineering |
| Year of Study: | 2 (2021-2022) |
| Semester: | Autumn |
| Credits: | 5 cr |
| Responsible Teacher: | Niittykoski, Jukka |
| Language of Instruction: | Finnish |
Courses During the Academic Year 2021-2022
| Impl. | Group(s) | Study Time | Language | Enrolment |
|---|---|---|---|---|
| 3003 | ST2020V-2A, ST2020V-2B, TT2020V-2A | 2022-01-03 – 2022-04-30 | Finnish | 2021-12-01 – 2022-01-10 |
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
-
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.
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, 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).