Cost managementLaajuus (5 cr)

Objective

You demonstrate familiarity with the basic concepts of cost accounting.
You know how to apply different costing methods to allocate costs to products and services.
You know how to price products and services based on cost calculations.
You know how to utilise cost information and various predictive calculations to support decision-making, considering the perspective of financial responsibility.

Content

How do you differentiate between various cost concepts and recognise their specific characteristics?
How do you apply different costing methods to allocate costs to products and services?
What is the significance of costs in pricing?
How can cost information and different calculations be utilised to support decision-making?

Qualifications

You demonstrate an 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.

Evaluation

Students can
a. use professional vocabulary related to cost accounting.
c. identify interrelated tasks.
e. use the key methods and techniques in the field of cost accounting and pricing.