Cost Accounting and Profitability Calculation

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Cost Accounting and Profitability Calculation (5 cr)

Code: IE10024-3001

General information

Enrollment

01.10.2023 - 31.10.2023

Timing

22.01.2024 - 26.04.2024

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Campus

Wärtsilä Campus Karjalankatu 3

Teaching languages

Finnish

Seats

20 - 50

Degree programmes

Degree Programme in Energy and Environmental Engineering

Teachers

Seppo Kainulainen

Teacher in charge

Seppo Kainulainen

Groups

IENS22
Engineer, Energy and Environmental Engineering, Full-Time Studies, Fall, 2022

Objective

Understand the profitability of a business. Calculate profit margins by outlining costs and revenue. Calculate the price of a service or product. Understand the role of profit margins within internal accounting. Command cost and profit margin calculations and apply these calculations for a new business.

Content

The main contents of the course include:
- Business profitability
- Calculation of profit margins
- Cost calculations for services and products
- Cost calculations and budgeting
- Calculation of profitability and sensitivity analysis for investments

Evaluation scale

H-5

Study Guide