Cost Accounting and -Management (3cr)

Objective

Students can produce management accounting information for decision making. They can choose and implement a cost accounting system by considering the firm specific characteristics. Students are able to apply the key concepts of the course also in English. They can evaluate the significance of comprehensive cost management for firms in the domestic and foreign markets.

Content

- management accounting concepts, cost classifications
- logic of cost accounting, responsibility center and product costing
- activity-based costing (ABC) and job costing

Materials

Talousohjaus ja kustannuslaskenta. Järvenpää, Länsiluoto, Partanen, Pellinen. SanomaPro.
Other material provided by the teacher.

Teaching methods

- lectures and guided practices
- independent work

Assessment criteria, satisfactory (1)

Student is able to implement costing methods for different purposes at a satisfactory level. Student can use income statement as a fundament for creating a responsibility center and product cost calculation a satisfactory level. Student is able to implement different costing methods for different purposes in strategic and operative management at a satisfactory level.

Assessment criteria, good (3)

Student is able to implement costing methods for different purposes at a good level. Student can use income statement as a fundament for creating a responsibility center and product cost calculation at a good level. Student is able to implement different costing methods for different purposes in strategic and operative management at a good level.

Assessment criteria, excellent (5)

Student is able to implement costing methods for different purposes at an excellent level. Student can use income statement as a fundament for creating a responsibility center and product cost calculation at an excellent level. Student is able to implement different costing methods for different purposes in strategic and operative management at an excellent level.

Qualifications

Analysing and developing a business, 7 op (LTYP104) & Financial Management of an Enterprise, 4 op (LTYA103)