Profitability of Technology BusinessLaajuus (3 ECTS)

Objective

Student will know the final accounts of a company (profit and loss account, balance sheet, cash flow statement) and be able to analyse the financial situation of a company based on final accounts and key ratios. Student will know Balanced Scorecard as an example of a performance measurement framework. Student will understand the basic concepts of cost accounting and know how to calculate costs of a product utilizing job order costing and activity-based costing. Student will know the basics of marginal costing, budgeting and pricing.

Content

- Final Accounts (profit and loss account, balance sheet, cash flow statement)
- Ratio analysis (key ratios)
- Balanced Scorecard
- Key terminology of cost accounting (variable costs, fixed costs, direct costs, indirect costs...)
- Cost accounting (job order costing, activity-based costing)
- Gross margin, marginal costing
- Budgeting
- Pricing