Cost Accounting and -Management
| Structure Type: | Course |
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| Code: | LTVATH402 |
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| Type: | Elective |
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| Level: | Bachelor |
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| Credits: | 3.0 points |
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| Responsible Teacher: | Länsiluoto, Aapo |
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| Language of Instruction: | Finnish |
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Course Implementations, Planned Year of Study and Semester
| Curriculum | Semester | Credits | Start of Semester | End of Semester |
| LITAKO-2015 |
2 spring |
3.0 |
2017-01-01 |
2017-07-31 |
| LITAKO-2016 |
2 spring |
3.0 |
2018-01-01 |
2018-07-31 |
Learning Outcomes
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.
Student's Workload
80 hours (including lectures, practices and independent working)
Prerequisites / Recommended Optional Courses
Analysing and developing a business, 7 op (LTYP104) & Financial Management of an Enterprise, 4 op (LTYA103)
Contents
- management accounting concepts, cost classifications
- logic of cost accounting; responsibility center and product costing
- activity-based costing (ABC) and job costing
Recommended or Required Reading
- Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Luennoitsijan ilmoittamin osin.
- Länsiluoto A. Lecture handouts.
- Other material provided by the teacher
Mode of Delivery / Planned Learning Activities and Teaching Methods
- lectures and guided practices
- independent work
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.
Good 4-3
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.
Satisfactory 2-1
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 Methods
The criteria are agreed upon at the beginning of the course.
Work Placement
Work placement is not included in the course.
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