Cost and Profitability Calculation (4 cr)
Code: II10024-3001
General information
- Enrollment
- 01.04.2023 - 31.08.2023
- Registration for the implementation has ended.
- Timing
- 28.08.2023 - 15.12.2023
- 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
- 20 - 50
- Degree programmes
- Degree Programme in Industrial Management
- Teachers
- Pertti Laitinen
- Teacher in charge
- Pertti Laitinen
- Groups
-
IINS22Bachelor of Engineering, Industrial Management, Full-time Studies, Fall, 2022
- Course
- II10024
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