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Managing profitable business in a service companyLaajuus (5 cr)

Code: WM00EJ79

Credits

5 op

Teaching language

  • Finnish
  • English

Objective

You demonstrate that you are familiar with the basics of management accounting and can apply information in decision-making.
You are able to categorize the revenues and costs of a service company.
You are able to interpret the profitability of a service company by using cost volume profit analysis.
You are able to apply the most common pricing methods.
You are able to compute the costs of a service provided by applying different accounting methods.

Content

How to use financial information in decision-making when managing the costs and profitability of a company?
How to categorize the revenues and costs of a service company?
How to compute the costs of a service provided? How to apply the cost volume profit analysis when evaluating the profitability of a company?
How does the price setting affect the profitability of a company?

Enrollment

06.11.2023 - 17.11.2023

Timing

23.01.2024 - 28.04.2024

Number of ECTS credits allocated

5 op

Virtual portion

5 op

Mode of delivery

Distance learning

Unit

Liiketalouden koulutusyksikkö

Campus

Ecampus

Teaching languages
  • English
  • Finnish
Seats

20 - 60

Degree programmes
  • Degree Programme in Wellbeing Management
Teachers
  • Heli Viinamäki
Teacher in charge

Heli Viinamäki

Groups
  • WMMI21SP
    Wellbeing management, full-time studies

Objective

You demonstrate that you are familiar with the basics of management accounting and can apply information in decision-making.
You are able to categorize the revenues and costs of a service company.
You are able to interpret the profitability of a service company by using cost volume profit analysis.
You are able to apply the most common pricing methods.
You are able to compute the costs of a service provided by applying different accounting methods.

Content

How to use financial information in decision-making when managing the costs and profitability of a company?
How to categorize the revenues and costs of a service company?
How to compute the costs of a service provided? How to apply the cost volume profit analysis when evaluating the profitability of a company?
How does the price setting affect the profitability of a company?

Opiskelumateriaali

All material are available online and will be announced in Learn.

Yksilölliset oppimisväylät

Scheduled track:
Completing assignments and exams. Active participation in the contact sessions.

Independent track:
Can be agreed by a teacher

TKI ja työelämäyhteistyö

Learning materials are based on real life cases

Tentit ja muut määräajat

The course contains individual assignments and exams. The schedule will be announced in Learn

Evaluation scale

1-5