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CS31A0161 Cost Management, 6 cr 
Code CS31A0161  Validity 01.08.2018 -
Name Cost Management  Abbreviation Cost Management 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Engineering Science 

Satu Pätäri 
Matti Rissanen 
Tiina Sinkkonen 
Leena Tynninen 

Description by Study Guide

Lectures are organized in co-operation with the Business Administration course A250A0701 Strateginen johdon laskentatoimi .


M.Sc. (Tech.) 1



Teaching Language 


Teacher(s) in Charge 

University Lecturer, M.Sc. (Tech.) Leena Tynninen

Professor, D.Sc. (Econ. & Bus. Adm.) Satu Pätäri


After completing the course students will be able to:

  • evaluate the role of financial and cost management as part of strategic management process and competitive strategy
  • analyze changes in the business environment and their impact on the evolving controller’s function and cost management trends
  • produce information and complete calculations for different decision-making situations by applying strategic cost management methods

The course covers innovative approaches in cost management such as activity-based costing, product and customer profitability analysis and value chain analysis. Controller's role.

Teaching Methods 

Lectures 23 h, written home assignments 30 h, exercises and seminars 10 h, case assignments in groups 30 h, preparation for lectures and exercises 22 h and preparing for exams and taking the exams 45 h. Total workload 160 h.

Examination in Examination schedule (Yes/No) 


Examination in Moodle (Yes/No) 


Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

Grade 0-5, evaluation 0-100 points, home and case assignments 40%, exams 60%.

Course Materials 

Horngren, Datar & Foster. 2006. Cost Accounting, A Managerial Emphasis. 10. edition or newer. Prentice Hall.

Blocher, Stout, Cokins. 2010. Cost Management, A Strategic Emphasis. 5. edition or newer. McGraw-Hill Companies.


CS31A0102 Basic Course in Cost Management

Places for exchange-students? (Yes, number/No) 


Places for Open University Students?(Yes, number/No) 

max 5


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