Costing and BookkeepingLaajuus (3 cr)

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