Budgeting and cost management (5 cr)

Objective

You show that you are familiar with the basics of cost accounting and budgeting.
You can compute costs for a good produced or service provided by applying different accounting methods.
You can draw up a master budget of an enterprise.
You can apply budgeting in decision making of an enterprise.

Content

How to categorize revenues and expenses of a small enterprise?
How to apply different accounting methods when computing the for a good produced or service provided?
What is the key terminology related to budgeting?
How does the budget system of an enterprise comprise of and how to draw up different types of budgets?
How to utilize budgeting when managing the business operations of an enterprise?

Evaluation

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

Course material

Laskentatoimi. Jormakka ym. (2015), Edita. Luvut 8 ja 9. (myös e-kirjana)
Kustannuslaskenta ja kannattavuusajattelu. Pellinen (2019), Alma Talent. Soveltuvin osin. (e-kirja)
Muu opintojakson aineisto.
Tukimateriaalia:
Toimintolaskenta. Alhola (2016), Alma Talent. (myös e-kirjana)
Johdon laskentatoimi. Neilimo & Uusi-Rauva (2010 tai uudempi), Edita.
Laskentatoimi päätöksenteon apuna. Jyrkkiö & Riistama (2004), WSOY.

Evaluation scale

1-5

Qualifications

Financial accounting and Management accounting