Profitability planningLaajuus (5 cr)

Objective

You demonstrate understanding of the basics of management accounting including the aspect of economic responsibility.
You are able to evaluate the profitability of an enterprise.
You are able to apply the most common price setting methods.
You demonstrate your understanding of the basics of budgeting.

Content

What is the role of management accounting in decision making?
How to categorize the revenues and costs of a small and medium size company?
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?
What is the role of budgeting in financial planning?

Accomplishment methods

Students can
a) use professional vocabulary systematically.
b) identify interrelated tasks.
e) use the key models, methods, software and technologies of the professional field.