Budgeting and cost accounting (5cr)

Objective

Students will learn to name and explain components of economic feasibility. Using spreadsheet, they will learn to calculate costs of starting and running a business. Students will also learn to conduct a contribution margin analysis to help them price products and services.

Content

Budgeting and cost accounting 5 cr

- basic concepts in financial planning
- budgeting
- economic feasibility calculations and profit budget
- funds statement and financial budget
- contribution margin
- cost accounting
- basics of pricing

Qualifications

Basics of production
Project management
Knowledge of the cultural and media sector

Assessment criteria, satisfactory (1)

Grade 1 In relation to the learning outcomes, students have passable skills, knowledge and attitudes.

Assessment criteria, good (3)

Grade 3 In relation to the learning outcomes, students have good skills, knowledge and attitudes.

Assessment criteria, excellent (5)

Grade 5 In relation to the learning outcomes, students have excellents skills, knowledge and attitudes.

Materials

Students will be informed at the beginning of the course