Curricula

Objectives

The object of the course
After completing the course, you master the essentials of the basic concepts and theories of internal accounting.

Course competences
Proactive development
Business competence

The learning objectives of the course
During this course, you will study various kinds of methods of internal accounting. You are familiar with the basic concepts of operational accounting and cost accounting and the companies’ internal accounting needs. You understand the use of operational accounting in the management of business operations and are able to produce calculations for operational accounting.

Content

During the course, financial control, management accounting, calculation systems, revenue and cost concepts, break-even calculation, capital costs, inventories and their valuation, cost type and cost centre accounting, rollover, performance-based costing, calculus, process costing, equivalence costing, job order costing, standard costing and activity-based costing will be discussed.

Time and location

Timetable 28.08.-01.12.2023

Most of the course will be implemented as a classroom teaching. Part of the course can be held also in virtual teaching.

Learning materials and recommended literature

Järvenpää, M., Partanen V. & Pellinen J. 2015. Talousohjaus ja kustannuslaskenta. WSOY.

Teaching methods

Lectures
Books
Learning tasks

Practical training and working life connections

Possible company visitors will be confirmed during the course.

Exam dates and retake possibilities

Exam will be held in a classroom on week 48. Two resit examinations will be held in Exam.

Alternative completion methods

A corresponding course completed in another university may be accredited partially or completely. Competence acquired through informal learning may be recognized and accredited on the basis of competence test. More precise instructions can be found in Degree Regulations and in Study Guide.

Student workload

Lectures 21, Virtual study 54 h, Independent study 60 h

Content scheduling

The course includes independent familiarization with literature and videos as well as lectures and exercises and assignments.

Further information for students

The course can be accomplished as distance studies excluding the exam. The course is compulsory for the students belonging to Business Control specialization within accounting studies.

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are familiar with the basic concepts of operational accounting and cost accounting and the companies’ internal accounting needs. You understand the use of operational accounting in the management of business operations and are able to produce calculations for operational accounting under guidance.

Satisfactory 2
You are familiar with the basic concepts of operational accounting and cost accounting and the companies’ internal accounting needs and are able to apply them in different kinds of internal accounting situations. You understand the use of operational accounting in the management of business operations and are able to produce calculations for operational accounting under guidance and seek advice where necessary.

Evaluation criteria, good (3-4)

Good 3
You are familiar with the basic concepts of operational accounting and cost accounting and the companies’ internal accounting needs. You understand the use of operational accounting in the management of business operations and are able to independently produce calculations for operational accounting.

Very Good 4
You are familiar with the basic concepts of operational accounting and cost accounting and the companies’ internal accounting needs. You understand the use of operational accounting in the management of business operations and are able to independently produce complex calculations for operational accounting.

Evaluation criteria, excellent (5)

Excellent 5
You have comprehensive knowledge of the basic concepts of operational accounting and cost accounting and the companies’ internal accounting needs. You understand the use of operational accounting in the management of business operations, are able to independently produce complex calculations for operational accounting and are able to take responsibility for the correctness of the calculations.

Prerequisites

-

Further information

The course is suitable for accounting studies.