Management Accounting and Cost AccountingLaajuus (5 ECTS)

Course unit code: LX00DC14

General information

Credits: 5 ECTS

Teaching language: Finnish

Objective

On completion of the student will be familiar with the process of cost accounting. The student will be able to prepare individual budgets and the master budget of a company. The student will be able to use the standard cost method. The student will also be familiar with various management reporting practices.

Content

- Cost accounting
- Individual budgets and a master budget
- Standard cost method
- Investment calculations
- Reporting

Qualifications

Business Accounting 5 cr
Recommended optional programme components
The student advisor will recommend optional programme components for each student based on their individual study plan.

Assessment criteria, satisfactory (1)

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

Students have achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Students are able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts and models. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in leisure, study and work situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.