Cost and Profitability AccountingLaajuus (5 cr)

Objective

Students show abilities in cost accounting methods and profitability accounting. Students will practice with exercises calculating the product and service costs, profitability and the price of service produced. Students will show know-how in financial planning and in the meaning of budgeting for a profit centre. Students are able to read and follow a budget and are able to draw up a budget for a small business.

Content

What are the methods for cost and profitability accounting? How to find out the product and service costs and profitability? How to count different kind of product calculations and profitability and cost accountings? What is the meaning od budgeting for an enterprise? How to read and follow a budget, how to draw up a budget?  

Qualifications

  No prerequisites.

Assessment criteria, good (3)

a. Students can use professional vocabulary systematically. b. Students can look for information in the key information sources of the field. c. Students can identify interrelated tasks. e. Students can use the key models, methods, software and techniques of the professional field.