Profitability and Cost Accounting (LM00BD32)

Profitability and Cost Accounting, 5 cr - LM00BD32

Profitability and Cost Accounting (LM00BD32-3003), 30.08.2022 – 31.07.2023,
5 cr (ZJA22SLNO1, ...) — Online learning + -
Language of instruction

Finnish

Timing

30.08.2022 - 31.07.2023

Lecturer(s)

Jaana Auer, Kaisa Kinnunen, Maija Laahanen

Planned learning activities, teaching methods and guidance

on-line course, independent study, assignments

Learning materials and recommended literature

teaching material in Moodle
Palva, R.2019. Konetyön kustannukset ja tilastolliset urakointihinnat. TTS julkaisuja 447; Markkinariskien hallinta maatilalla.2013. Tieto tuottamaan 138.
study material in Moodle

Campus

Institute of Bioeconomy

Exam dates and re-exam possibilities

no exam
assingments are evaluated using scale 0-5

Learning assignments and student workload

independent study135 h

Enrollment

01.08.2022 - 31.05.2023
Groups
- ZJA22SLNO1
- ZJA22SLNO2
- ZJA23KLNO3
Seats

0 - 20

Degree Programme

Bachelor's Degree Programme in Agricultural and Rural Industries

Mode of delivery

Online learning

Share of virtual studies

5 cr

Unit

School of Technology

Objectives
On completion of this course you are able to make profitability and cost accounting. You can use calculations to manage agribusiness operations. You can calculate profitability and costs for your business plan.

Competences
Business know-how
Entrepreneurship

Learning outcomes
On this course you will learn the concept of return and costs, principles of gross margin accounting and its application. On completion of this course you can make profitability calculations of crop production or domestic animal production, or other product or operation connected calculations. You can make cost and price setting calculations. You are able to value different types of property and determine capital costs. You can utilize internal calculation to manage agribusiness operations. You can make profitability and cost calculations for your business plan.

variable cost, fixed cost, total production cost, return, gross margin, net profit margin, labour cost, cost of machine work, pricing products, property value setting, capital cost, using internal accounting in agribusiness management, calculations for business plan

0-5

Sufficient 1: You know the concept of return and costs and can recognize variable costs, fixed costs and returns of a production field. You are able to make gross margin, total production cost and cost accounting under guidance. You know some property valuation methods. You know some occasions where to utilize calculations in agribusiness management. You can calculate profitability and costs for your business plan under guidance.

Satisfactory 2: You know the concept of return and costs, and can recognize variable costs, fixed costs and returns of a production field. You are able to make gross margin, total production cost and cost accounting independently. You know some property valuation methods and can apply them in varying situations. You can choose a suitable calculation formula for the planning situation at hand. You can calculate profitability and costs for your business plan.

Good 3: You know the concept of return and costs, and can specify variable costs, fixed costs and returns of different production fields. You are able to make gross margin, total production cost and cost accounting in varying situations. You know some property valuation methods and can apply them in varying situations. You can analyze business performance based on profitability and cost calculations. You can calculate profitability and costs for your business plan independently.

Very good 4: You know the concept of return and costs, and can specify variable costs, fixed costs and returns of different production fields. You are able to make gross margin, total production cost and cost accounting in varying situations. You know property valuation methods and can apply them in varying situations. You can analyze business performance based on profitability and cost calculations and can utilize calculations in agribusiness management. You can calculate profitability and costs for your business plan independently and in a versatile way.

Excellent 5: You know the concept of return and costs, and can independently specify variable costs, fixed costs and returns of different production fields. You are able to make gross margin, total production cost and cost accounting in varying situations. You know property valuation methods and can independently apply them in varying situations. You can analyze critically business performance based on profitability and cost calculations and can utilize calculations in agribusiness management. You can calculate profitability and costs for your business plan independently, in a versatile way and evaluate them critically.

Profitability and Cost Accounting, 5 cr - LM00BD32

Upcoming implementations