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Accounting of Forestry (5 cr)

Code: MM10033-3001

General information


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

  • MMNS22
    Forestry 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