Accounting of ForestryLaajuus (5 cr)
Code: MM10033
Credits
5 op
Teaching language
- Finnish
Responsible person
- Pekka Huotari
- Pertti Laitinen
Objective
After the course, you will understand financial terms and concepts and be able to read profit and loss accounts and balance sheets. You will know the basics of profitability, cost and investment accounting. You will be able to price a product and prepare a quotation. Know the cost structure of forestry machinery and be able to calculate the cost of machinery. You can apply your financial knowledge in forestry, either as an expert in a forestry organisation or as an independent entrepreneur.
Content
The main elements of accounting: recording transactions in the accounts and preparing the financial statements. Investment calculations. Calculation of profit margins. Cost accounting (incremental and activity accounting). Pricing and tendering. Budgeting. Calculation of hourly and unit costs for forestry machinery.
Enrollment
01.04.2024 - 30.04.2024
Timing
28.10.2024 - 16.02.2025
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Campus
Wärtsilä Campus Karjalankatu 3
Teaching languages
- Finnish
Seats
20 - 60
Degree programmes
- Degree Programme in Forestry
Teachers
- Pekka Huotari
- Jani Kettunen
Teacher in charge
Jani Kettunen
Groups
-
MMNS22Forestry Engineer, Full-time Studies, Fall, 2022
Objective
After the course, you will understand financial terms and concepts and be able to read profit and loss accounts and balance sheets. You will know the basics of profitability, cost and investment accounting. You will be able to price a product and prepare a quotation. Know the cost structure of forestry machinery and be able to calculate the cost of machinery. You can apply your financial knowledge in forestry, either as an expert in a forestry organisation or as an independent entrepreneur.
Content
The main elements of accounting: recording transactions in the accounts and preparing the financial statements. Investment calculations. Calculation of profit margins. Cost accounting (incremental and activity accounting). Pricing and tendering. Budgeting. Calculation of hourly and unit costs for forestry machinery.
Teaching methods
After the course, you will understand financial terms and concepts and be able to read profit and loss accounts and balance sheets. You will know the basics of profitability, cost and investment accounting. You will be able to price a product and prepare a quotation. Know the cost structure of forestry machinery and be able to calculate the cost of machinery. You can apply your financial knowledge in forestry, either as an expert in a forestry organisation or as an independent entrepreneur.
Content
The main elements of accounting: recording transactions in the accounts and preparing the financial statements. Investment calculations. Calculation of profit margins. Cost accounting (incremental and activity accounting). Pricing and tendering. Budgeting. Calculation of hourly and unit costs for forestry machinery.
Evaluation scale
H-5