| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Identify different classifications of cost terms and purposes and explain ethical standards for management accountants.
- Analyze changes in operating income to evaluate strategy in terms of growth, price-recovery, and productivity components.
- Apply the methodology of customer profitability analysis and be able to calculate the sales volume variance, the sales mix variance, the sales quantity variance, the market share variance and the market size variance.
- Understand criteria to guide cost-allocation and be able to allocate support department cost using the direct method, the step-down method, and the reciprocal method.
- Allocate joint costs using four methods and explain why joint costs are irrelevant in a sell-or-process further decision.
- Explain the four cost categories in a costs-of-quality program and use three methods to identify quality problems.
|
| Mode of Delivery | Face to face |
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| Prerequisites | Yes(BUS222) |
|---|
| Recommended Optional Programme Components | No |
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| Course Description | This course is organized to introduce basic cost accounting concepts and techniques with an emphasis on providing information for management decision-making. Topics include comparison of cost and expense concepts, flow of costs, classifications of costs, accumulation of direct materials cost, direct labor cost, manufacturing overhead cost, assignment of manufacturing overhead costs to cost centers, assignment of the costs of supporting service functions, analysis of the process cost system, job order cost system and standard cost system. In addition, this course aims to relate the Uniform Chart of Accounts with respect to cost accounting purposes.
Students who miss more than 30% of total class hours receive an F2 grade. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to cost terms and purposes |
|
2nd Week |
Cost-volume-profit analysis |
|
3rd Week |
Job costing |
|
4th Week |
Activity-based costing |
|
5th Week |
Behaviour of costs |
|
6th Week |
Pricing decisions |
|
7th Week |
Midterm |
|
8th Week |
Cost allocation methods |
|
9th Week |
Process costing |
|
10th Week |
Process costing |
|
11th Week |
Inventory management |
|
12th Week |
Capital budgeting |
|
13th Week |
Capital budgeting |
|
14th Week |
Review |
|
| Recommended or Required Reading | Datar, S. And Rajan, M. , Horngren's Cost Accounting, Pearson, 17th edition, 2020. |
|---|
| Planned Learning Activities and Teaching Methods |
- Questions/Answers
- Discussion
- Lecture
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
30 |
| Assignment |
2 |
20 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1.5 |
1.5 |
| Preparation for Quiz |
1 |
14 |
14 |
| Individual or group work |
1 |
40 |
40 |
| Preparation for Final exam |
1 |
24 |
24 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
18 |
18 |
| Laboratory (including preparation) |
1 |
0 |
0 |
| Final exam |
1 |
1.5 |
1.5 |
| Homework |
|
|
|
| Total Work Load | 141 |
| Total Work Load / 30 (h) | 4.7 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
