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Accounting of Forestry (5 cr)

Code: MM10033-3001

General information


Enrollment
01.04.2024 - 30.04.2024
Registration for the implementation has ended.
Timing
28.10.2024 - 16.02.2025
Implementation has ended.
Number of ECTS credits allocated
5 cr
Local portion
5 cr
Mode of delivery
Contact learning
Unit
Metsätalousinsinöörikoulutus (MM)
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
Course
MM10033

Evaluation scale

H-5

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.

Materials

Ilmoitetaan myöhemmin opintojaksolla

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.

Student workload

Opiskelijan työmäärä n. 135 h (5op).
- Luennot
- Atk-harjoitukset
- Itsenäisesti/ryhmässä suoritettavat harjoitustehtävät

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