Profitability and Cost AccountingLaajuus (5 cr)
Code: LM00BD32
Credits
5 op
Teaching language
- Finnish
Responsible person
- Jaana Auer
- Maija Laahanen
- Milla Welling
Objective
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.
Content
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
Assessment criteria, satisfactory (1)
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.
Assessment criteria, good (3)
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.
Assessment criteria, excellent (5)
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.
Enrollment
01.08.2023 - 24.08.2023
Timing
01.09.2023 - 08.12.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
School of Technology
Campus
Institute of Bioeconomy
Teaching languages
- Finnish
Degree programmes
- Bachelor's Degree Programme in Agricultural and Rural Industries
Teachers
- Milla Welling
Groups
-
LMS21S1Maaseutuelinkeinot (AMK)
-
LMS21KMBachelor's Degree Programme in Agricultural and Rural Industries
Objective
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.
Content
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
Location and time
Kurssin opetus tapahtuu pääasiallisesti lähiopetuksena luokassa. Alustavan aikataulun mukaan opetus on syyslukukaudella, perjantaiaamupäivisin:
1.9. LUOKASSA
15.9. ETÄNÄ, ZOOM https://jamk.zoom.us/j/3100848876 (kaikki etäopetus tässä zoom-linkissä)
29.9. LUOKASSA
27.10. ETÄNÄ, ZOOM https://jamk.zoom.us/j/3100848876 (kaikki etäopetus tässä zoom-linkissä)
10.11. ETÄNÄ, ZOOM https://jamk.zoom.us/j/3100848876 (kaikki etäopetus tässä zoom-linkissä)
24.11. LUOKASSA
8.12. LUOKASSA
Materials
Palva, R. 2019. Konetyön kuntannukset ja tilastolliset urakointihinnat. TTS julkaisuja 447.
Teaching material in Moodle.
Teaching methods
contact lessons
independent studies
assingnments
Student workload
contact lessons 28 h
assignments 103 h
exam 4 h
Total 135 h
Further information
Exam and assignments 0-5
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
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.
Assessment criteria, good (3)
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.
Assessment criteria, excellent (5)
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.
Timing
30.08.2023 - 31.07.2024
Number of ECTS credits allocated
5 op
Virtual portion
5 op
Mode of delivery
Distance learning
Unit
School of Technology
Campus
Institute of Bioeconomy
Teaching languages
- Finnish
Degree programmes
- Bachelor's Degree Programme in Agricultural and Rural Industries
Teachers
- Milla Welling
Groups
-
ZJA23SLNOAvoin amk,Luva, Nonstop, Verkko
-
ZJA23SLNO2Avoin amk, Luva, Nonstop 2, Verkko
-
ZJA24KLNO3Avoin amk, Luva, Nonstop 3, Verkko
Objective
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.
Content
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
Location and time
Lukukausi 2023-2024
Teaching methods
Kurssi on suoritettavissa kokonaisuudessaan virtuaalisesti. Kurssiin ei sisälly aikaan sidottua opetusta.
Student workload
Itsenäinen opiskelu, opintopäiväkirja ja tehtävät noin 133 tuntia. Tentti 2 tuntia.
Further information
Arvosana muodostuu opintopäiväkirjasta, palautettavista tehtävistä, sekä tentistä. Arviointi asteikolla 0-5.
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
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.
Assessment criteria, good (3)
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.
Assessment criteria, excellent (5)
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.
Enrollment
01.08.2022 - 31.05.2023
Timing
30.08.2022 - 31.07.2023
Number of ECTS credits allocated
5 op
Virtual portion
5 op
Mode of delivery
Distance learning
Unit
School of Technology
Campus
Institute of Bioeconomy
Teaching languages
- Finnish
Seats
0 - 20
Degree programmes
- Bachelor's Degree Programme in Agricultural and Rural Industries
Teachers
- Jaana Auer
- Kaisa Kinnunen
- Maija Laahanen
Groups
-
ZJA22SLNO1Avoin amk, Nonstop 1, Verkko
-
ZJA22SLNO2Avoin amk, Nonstop 2, Verkko
-
ZJA23KLNO3Avoin amk, Nonstop 3, Verkko
Objective
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.
Content
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
Location and time
e-learning in Moodle
Materials
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
Teaching methods
on-line course, independent study, assignments
Exam schedules
no exam
assingments are evaluated using scale 0-5
Student workload
independent study135 h
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
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.
Assessment criteria, good (3)
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.
Assessment criteria, excellent (5)
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.
Enrollment
03.08.2022 - 26.08.2022
Timing
29.08.2022 - 31.12.2022
Number of ECTS credits allocated
5 op
Virtual portion
3 op
Mode of delivery
40 % Contact teaching, 60 % Distance learning
Unit
School of Technology
Campus
Institute of Bioeconomy
Teaching languages
- Finnish
Seats
0 - 40
Degree programmes
- Bachelor's Degree Programme in Agricultural and Rural Industries
Teachers
- Maija Laahanen
Groups
-
LMS20S1Maaseutuelinkeinot
Objective
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.
Content
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
Materials
Palva, R. 2019. Konetyön kuntannukset ja tilastolliset urakointihinnat. TTS julkaisuja 447.
Teaching material in Moodle.
Teaching methods
contact lessons
independent studies
assingnments
Student workload
contact lessons 60 h
assignments 71 h
exam 4 h
Total 135 h
Further information
Exam and assignments 0-5
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
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.
Assessment criteria, good (3)
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.
Assessment criteria, excellent (5)
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.
Timing
16.08.2021 - 31.07.2022
Number of ECTS credits allocated
5 op
Virtual portion
5 op
Mode of delivery
Distance learning
Unit
School of Technology
Campus
Institute of Bioeconomy
Teaching languages
- Finnish
Seats
0 - 20
Degree programmes
- Bachelor's Degree Programme in Agricultural and Rural Industries
Teachers
- Jaana Auer
- Kaisa Kinnunen
- Maija Laahanen
Groups
-
ZJA21SLNVAvoin AMK, luva, Nuoren viljelijän opinnot
-
ZJA22KLAvoin AMK, luva
Objective
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.
Content
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
Materials
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
Teaching methods
on-line course
independent studies
assignments
Exam schedules
no exam
assingments are evaluated using scale 0-5
Student workload
independent study135 h
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
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.
Assessment criteria, good (3)
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.
Assessment criteria, excellent (5)
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.