Cost and Profitability CalculationLaajuus (4 cr)
Code: II6118
Credits
4 op
Teaching language
- English
Responsible person
- Pertti Laitinen
- Hamid El Ouatki
Objective
This course covers the fundamentals of financial statements, budgets and cost estimation. You will learn how to do production budget, material budget, direct labor budget, factory overhead, cost-of-goods sold, budget variances, estimation of factory overhead, operation estimating, product estimating, job order costing, process costing, and activity-based costing. As well as financial analysis as to check the financial health of a business & project in terms of balance sheet, the income statement, changes in owner equity, statement of cash flows, etc.
Content
- Product costing and analysis
- Basics of accounting
- Basics of bookkeeping
- Taxation
- Investments
- Pricing
- Financial statement analysis
Enrollment
01.04.2022 - 30.04.2022
Timing
29.08.2022 - 06.11.2022
Number of ECTS credits allocated
4 op
Mode of delivery
Contact teaching
Unit
Bachelor of Engineering, Industrial Management
Campus
Wärtsilä Campus Karjalankatu 3
Teaching languages
- English
Seats
25 - 50
Degree programmes
- Degree Programme in Industrial Management
Teachers
- Pertti Laitinen
Teacher in charge
Pertti Laitinen
Groups
-
IINS21Bachelor of Engineering, Industrial Management, Full-time Studies, Fall, 2021
Objective
This course covers the fundamentals of financial statements, budgets and cost estimation. You will learn how to do production budget, material budget, direct labor budget, factory overhead, cost-of-goods sold, budget variances, estimation of factory overhead, operation estimating, product estimating, job order costing, process costing, and activity-based costing. As well as financial analysis as to check the financial health of a business & project in terms of balance sheet, the income statement, changes in owner equity, statement of cash flows, etc.
Content
- Product costing and analysis
- Basics of accounting
- Basics of bookkeeping
- Taxation
- Investments
- Pricing
- Financial statement analysis
Teaching methods
This course covers the fundamentals of financial statements, budgets and cost estimation. Students will learn how to do production budget, material budget, direct labor budget, factory overhead, cost-of-goods sold, budget variances, estimation of factory overhead, operation estimating, product estimating, job order costing, process costing, and activity-based costing. As well as financial analysis as to check the financial health of a business &project in terms of balance sheet, the income statement, changes in owner equity, statement of cash flows, etc.
Evaluation scale
H-5