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Cost and Profitability Calculation (4 cr)

Code: II10024-3002

General information


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

  • IINS23
    Bachelor 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