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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?

Materials

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

Teaching methods

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

Independent track:
Can be agreed by a teacher

Employer connections

Learning materials are based on real life cases

Exam schedules

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

Evaluation scale

1-5