Cost and Profitability CalculationLaajuus (4 cr)

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