Study Guide

Objective

Student can:

•Recognize basic problems in costing and find solutions for them

•Apply different solutions regarding material, work and capital costs

•Allocate costs to different cost pools

•Recognize different cost structures in different products

•Utilize costing methods in allocation of products´ costs to different pools

•Formalize prices profitably by using knowledge regarding cost structures

•Create basic budget

•basics of bookkeeping of a company including the financial statement

Content

Basics of costing
•Material, work and capital costs
•Cost pools
•Cost structures
•Process costing
•Job order costing
•Activity based costing
•Pricing by costing
•Basics of budgeting
•Basics of Bookkeeping
•Financial Statement

Materials

The material is available on the electronic learning platform, which is IT's Learning. Suitable source literature is Management and Cost Accounting (Bhimani A. et al.) or Management and Cost Accounting (Drury C.).

Teaching methods

Lectures, assignments, cases and possible company assignments.

Exam schedules

The details of the implementation are agreed together at the beginning of the implementation, in connection with the review of the implementation plan during the first lecture (e.g. about the possible exam implementation method and schedule).

International connections

Problem-based learning includes an ESG perspective. The study is carried out student-oriented.

Completion alternatives

No optional execution method.

Student workload

Literature studies, meaningful participation in lectures and assignments. Assignments are given both orally and in writing during lectures. All assignments will be returned, which is a prerequisite for receiving a grade. At the end of the implementation, a self-assessment and possible group assessments are carried out, which must be done and returned in order to receive a grade.
Implementation may include a business assignment or assignments
Estimated workload
• 135 hours of work
Structure of the implementation will be agreed together at the beginning of the implementation. At the end of the implementation, self-assessment and possible group assessment, which are independent assignments / returns. The implementation may include business assignments.

Content scheduling

The main means and problems of company cost accounting. Basics of accounting and review of financial statements.

Further information

The communication channel is agreed at the beginning of the implementation.

The implementation may include assignments given by companies or Turku University of Applied Sciences, which may require deviations from the content of this implementation plan. Separate descriptions of possible assignments before starting the assignments.

The final structure of the implementation will be agreed together at the beginning of the implementation. At the end of the implementation, self-assessment and possible group assessment, which are independent assignments / returns. Assignments are given in lectures orally and in writing.

Evaluation scale

H-5

Assessment methods and criteria

Course attendance and activity, quality of returned course assignments, examination

Assessment criteria, fail (0)

Not all assignments and/or tests have been completed or returned. The combined result of the assignments does not exceed 50% of the total score. An empty/invalid document or file is interpreted as a return.

Assessment criteria, satisfactory (1-2)

All Tasks and Case(s) Made and Returned. The summed up result of assignments and Case(s) is 50% - 65% of the total score.

Assessment criteria, good (3-4)

All Tasks and Case (s) Made and Returned. The summed up result of assignments and Case(s) is 66% - 85% of the total score.

Assessment criteria, excellent (5)

All Tasks and Case (s) Made and Returned. The summed up result of assignments and Case(s) exceeds 85% of the total score.