Structure Type: Course
Code: ISTP0306
Level: Bachelor
Credits: 2.0 points
Responsible Teacher: Saarikoski, Lotta
Teacher Team: Ketola, Pekka
Language of Instruction: Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
I-ST-2010   1 spring   2.0   2011-01-05   2011-06-17  
I-ST-2011   1 spring   2.0   2012-01-09   2012-06-18  
I-ST-2012   1 spring   2.0   2013-01-05   2013-06-18  
I-ST-2013   1 spring   2.0        
ST-2014   1 spring   2.0        
ST-2015   1 spring   2.0        

Learning Outcomes

The student will understand the factors that have effect on the profitability of an enterprise. The student can interpret simple financial statements, and assess the economic state of the enterprise based on these. The student will have a general view of the effects of productivity and quality on profitability. The student can make calculations using the most common methods emplyed in cost accounting.

Student's Workload

Total work load of the course: 54 h
- of which scheduled studies: 28 h
- of which autonomous studies: 26 h


Operational processes in an enterprise. Basics of financing. Financial statement and basics of assessing the economic state of an enterprise. Interaction of profitability, productivity and quality. Basics of cost accounting.

Recommended or Required Reading

Handout, articles.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, group assignments, exercises.

Assessment Criteria

Grade 5: The student is able to creatively utilise and apply the information and skills learnt during the study unit.

Grade 3: The student is able to utilise well the information and skills learnt during the study unit.

Grade 1: The student knows those basic contents of the study unit that are most relevant in working life.

Assessment Methods

Numerical assessment based on exercises and exam.