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
-
WMMI21SPWellbeing 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