| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 3 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Can understand the terminology and concepts in identifying and classifying costs.
- Can understand the role of management accounting in planning, control and decision making in an organization.
- Can calculate and identify relevant costs for different types of managerial decisions.
- Can determine the product cost by means of historical (actual) and standard cost systems
- Can distinguish between job-costing, process-costing and joint- costing systems
- Can understand costing for joint products and by-products.
- Can understand process costing and cost of production report using FIFO costing methods.
- Can use activity based costing and the cost hierarchy approach in allocating costs to products and services.
- Can analyze the standards costs and make the variance analysis
- Can calculate cost and variances for material, labor and overhead in the manufacturing of products.
- Can demonstrate the use of cost-volume-profit analysis in decision making and planning.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | Cost Analysis-SOS 222 |
|---|
| Course Description | This course shapes the future of companies. Efficient cost management systems provide superior information for improved decision making. The course is designed to develop critical thinking and communication skills by encouraging students how to think. The course emphasizes on traditional as well as contemporary issue such as Activity - based costing and management. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Cost accounting in the manufacturing environment today and tomorrow. |
|
2nd Week |
Cost behavior and cost estimation |
|
3rd Week |
Activity - based costing and volume - based assignments |
|
4th Week |
Job order cost |
|
5th Week |
Process costing |
|
6th Week |
Joint product and by - product |
|
7th Week |
Standard costs for materials, labor and factory overhead |
|
8th Week |
Midterm |
|
9th Week |
Cost - volume - profit analysis |
|
10th Week |
Performance evaluation, segment analysis, transfer pricing |
|
11th Week |
Decision models and cost analysis and uncertainty |
|
12th Week |
Capital budgeting |
|
13th Week |
Activity - based management for marketing cost standards |
|
14th Week |
Variable costing |
|
| Recommended or Required Reading | Cost Management by Blocher, Chen. Lin, McGawltial 1999,
Management Accounting by Atkinson, Banker, Kaplan, Young, Prentice Hall 2004.
Management accounting by John Y. Lee, Hampton House 1999.
|
|---|
| Planned Learning Activities and Teaching Methods |
- Presentation
- Lecture
- Discussion
- Other
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Quiz |
1 |
15 |
| Attendance |
1 |
5 |
| Total(%) |
|
60 |
| Contribution of In-term Studies to Overall Grade(%) |
|
60 |
| Contribution of Final Examination to Overall Grade(%) |
|
40 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
1 |
4 |
4 |
| Individual or group work |
14 |
1 |
14 |
| Preparation for Final exam |
1 |
10 |
10 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
10 |
10 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
|
|
|
| Total Work Load | 84 |
| Total Work Load / 30 (h) | 2.8 |
| ECTS Credit of the Course | 3 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
