Accountancy (5 cr)

Evaluation scale

H-5

Objective

After the study unit you understand the contents of business terms, concepts, profit and loss account and balance sheet. You know basics of profitability and cost accounting and investment appraisal. You can set a price for a product and draw up a quotation. You know the cost structure of forest machines and can make machine cost calculations. You can apply the economic knowledge in forestry when working either as an expert in a forest organisation or as an independent entrepreneur.

Content

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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.

Exam schedules

Ilmoitetaan opintojakson alussa.

Student workload

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