Cost and Profitability Calculation (4 cr)
Code: II6118-3002
General information
- Enrollment
- 01.04.2022 - 30.04.2022
- Registration for the implementation has ended.
- Timing
- 29.08.2022 - 06.11.2022
- Implementation has ended.
- Number of ECTS credits allocated
- 4 cr
- Local portion
- 4 cr
- Mode of delivery
- Contact learning
- Unit
- Bachelor of Engineering, Industrial Management
- Campus
- Wärtsilä Campus Karjalankatu 3
- Teaching languages
- English
- Seats
- 25 - 50
- Degree programmes
- Degree Programme in Industrial Management
- Teachers
- Pertti Laitinen
- Teacher in charge
- Pertti Laitinen
- Groups
-
IINS21Bachelor of Engineering, Industrial Management, Full-time Studies, Fall, 2021
- Course
- II6118
Evaluation scale
H-5
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
Teaching methods
This course covers the fundamentals of financial statements, budgets and cost estimation. Students 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.