Cost Accounting and Financial Management (5 cr)

Objective

Upon completing this course, student will be familiar basic concepts of cost accounting. Student can apply cost and price calculations into practice and understand activity based costing and profit center costing principles.

Content

- Concept of Cost Accounting
- Product Costing
- Activity Based Costing
- Product Price Calculations
- Profit Center Accounting

Location and time

Spring 2023

Materials

Järvenpää-Länsiluoto-Partanen-Pellinen: Talousohjaus ja kustannuslaskenta
Material at Oma

Supplementary reading:
Atrill, McLaney: Management accounting for decision makers. Tenth edition.

Teaching methods

Activating lectures
Guided exercises
Learning tasks
Exam

Further information

The course is implemented as contact teaching.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student 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)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her 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)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student 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 methods and criteria

Exam 50%
Learning tasks 25%
Course assignment 25%
Total 100%

Learning tasks are returned to Oma. The students will need textbook to complete learning tasks. Points from learning tasks are gained by completing and turning in the task in time.

Grading the course

5 total points 90-100%
4 total points 80-89%
3 total points 70-79%
2 total points 60-69%
1 total points 50-49%

There is no compulsory attendance in the lessons.

The student's other completed tasks, activity during the course, attendance during the lessons and/or given course feedback can be taken into account as a factor that increases the grade.

First re-exam on May-June 2023
Second re-exam on September 2023

Qualifications

Basics of accounting or equivalent competences