Cost and Profitability CalculationLaajuus (4 cr)
Code: II10024
Credits
4 op
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
01.04.2024 - 30.04.2024
Timing
26.08.2024 - 20.12.2024
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
20 - 40
Degree programmes
- Degree Programme in Industrial Management
Teachers
- Pertti Laitinen
Teacher in charge
Pertti Laitinen
Groups
-
IINS23Bachelor of Engineering, Industrial Management, Full-time Studies, Fall, 2023
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
Materials
Materials in moodle. Modern Industrial Management. Engwall, Karlson Akhbari.
Teaching methods
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.
Evaluation scale
H-5
Enrollment
01.04.2023 - 31.08.2023
Timing
28.08.2023 - 15.12.2023
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
20 - 50
Degree programmes
- Degree Programme in Industrial Management
Teachers
- Pertti Laitinen
Teacher in charge
Pertti Laitinen
Groups
-
IINS22Bachelor of Engineering, Industrial Management, Full-time Studies, Fall, 2022
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
Evaluation scale
H-5