Basics of Cost Accounting

Structure Type: Course
Code: IKTP1123
Type: Compulsory
Level: Bachelor
Credits: 5.0 points
Responsible Teacher: Saarikoski, Lotta
Teacher Team: Saarikoski, Lotta ; Ketola, Pekka
Language of Instruction: Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
ET-2016   2 autumn   5.0        
KT-2016   2 autumn   5.0        
YT-2016   2 autumn   5.0        
ET-2017   2 autumn   5.0        
KT-2017   2 autumn   5.0        
YT-2017   2 autumn   5.0        

Learning Outcomes

The student is able to monitor and analyse the costs in a company, allocate them correctly and utilise them in the planning of the operations and the control of a profitable business.

Student's Workload

Total work load of the student 135 h, of which
- scheduled studies 70 h
- autonomous studies 65 h
The assessment of student’s own learning 1h is included in contact lessons.

Prerequisites / Recommended Optional Courses

Entrepreneurship and Business


Significance and position of operative accounting, concepts in financial administration, contribution-margin calculation, investment calculation, accounting by type of cost, traditional output-based cost accounting, basics of activity-based accounting, price determination from various points of view.

Recommended or Required Reading

Neilimo &Uusi-Rauva, Johdon laskentatoimi, Edita.
Ikäheimo: Lounasmeri ja Walden: Yrityksen laskentatoimi, WSOY.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, group work, exercises, assignment.

Assessment Criteria

5: The student is able to utilise the methods learnt during the study unit independently and is able apply the learnt knowledge in new contexts.
3: The student is able to utilise the methods learnt during the study unit independently.
1: The student is able, with guidance, to utilise the methods learnt during the study unit.

Assessment Methods

Numerical assessment, exam.