Budgeting and cost accounting

Structure Type:	Course
Code:	KTABK
Level:	Bachelor
Credits:	5.0 points
Responsible Teacher:	Leikkari, Esa
Teacher Team:	Kareinen, Jussi ; Ikola, Johanna
Language of Instruction:	Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum	Semester	Credits	Start of Semester	End of Semester
KUMU-2015	1 autumn	5.0	2015-08-01	2015-12-31
KUMU-2016	1 autumn	5.0	2016-08-01	2016-12-31

Learning Outcomes

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.

Student's Workload

Student's total workload approximately 135 hours

Prerequisites / Recommended Optional Courses

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

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

Mode of Delivery / Planned Learning Activities and Teaching Methods

- lectures, group work, independent stuy
- introductory lectures, visiting expert lecturers, work in small groups

Assessment Criteria

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

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

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

Assessment Methods

Written assignments, active participation, self-assessment, other evidence of learning

Back