Cost Accounting (5 cr)

Learning outcomes

The student is able to
- calculate the cost of a product or service using different cost accounting techniques
- use marginal costing and absorption costing in calculating the cost of a product or service
- use cost accounting information in pricing and decision making
- use activity-based costing to analyze customer profitability

Location and time

Please refer to the Timetable Engine at https://lukkarit.laurea.fi/ for the schedule information. Laurea reserves the right to modify the timetable.

Teaching methods

This study unit starts with an intensive three day workshop on and off campus (3.-5.9.2025 Leppävaara campus and in Nuuksio National Park). In addition to these days we have an online workshop in Zoom on 10.10. (9-11) and final team presentations are on campus 17.10. (9-12).

A Canvas learning environment is used to support the implementation, but it is important to take part in teaching and guidance on campus according to the schedule.

Employer connections

The students develop a cost accounting and pricing Excel tool for a company.

Exam schedules

Based on the degree regulations (2024), the student accepted for the implementation is required to confirm their participation by showing activity at the start of the study in the following way:

In order to demonstrate activity, the student must be present at the first contact lesson or notify the teacher in charge of their absence to confirm their participation in the study. Registration will be rejected if the student does not report their absence at the start of the study or the reason for the absence cannot be considered justified. Another student can be taken in their place. The first contact lesson is 3.9.2025.

International connections

The study unit is suitable for exchange students.
This study unit is compulsory for students from University of Applied Sciences Upper Austria who are completing the Double Degree program.

Completion alternatives

According to the degree regulations (2024), Students are entitled to apply for recognition of prior learning regardless of where, when and how the competence has been acquired. ... At Laurea, there are two different procedures for the recognition and accreditation of prior learning: a) accreditation of prior learning (competence acquired in higher education studies at another institution) and b) demonstration of competence (competence acquired in other ways). The recognition and accreditation of prior learning is initiated by the student themselves. The student is responsible for demonstrating and verifying their competence. The student is entitled to guidance for the recognition and accreditation of their competence. Further information in the student intranet.

You may also assess work-based learning as a way to acquire the competence needed. Read more in the student intranet.

Student workload

Workload of the study is measured in a way that to acquire the goal competence of the study, one credit corresponds to an average of 26.7 hours of work done by the student. The actual time needed varies e.g. according to prior competence.

Evaluation scale

H-5

Qualifications

Profitable Business 1 and 2 (or equivalent knowledge)

Further information

The study unit corresponds to the requirements of Bachelor's level education.

The prerequisite for participation is always that the possible competence prerequisites according to the curriculum (previous study or similar competence) are fulfilled. The student is responsible for taking into account the prerequisite conditions.