Information Package
baskent.edu.tr

Program of Industrial Engineering (English)

SOS334

COST ACCOUNTING

Course Code
SOS334
Semester
-
Theory+Practice
3 + 0
ECTS
3
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS3
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Can understand the terminology and concepts in identifying and classifying costs.
  2. Can understand the role of management accounting in planning, control and decision making in an organization.
  3. Can calculate and identify relevant costs for different types of managerial decisions.
  4. Can determine the product cost by means of historical (actual) and standard cost systems
  5. Can distinguish between job-costing, process-costing and joint- costing systems
  6. Can understand costing for joint products and by-products.
  7. Can understand process costing and cost of production report using FIFO costing methods.
  8. Can use activity based costing and the cost hierarchy approach in allocating costs to products and services.
  9. Can analyze the standards costs and make the variance analysis
  10. Can calculate cost and variances for material, labor and overhead in the manufacturing of products.
  11. Can demonstrate the use of cost-volume-profit analysis in decision making and planning.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsCost Analysis-SOS 222
Course DescriptionThis 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 ReadingCost 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
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10 LO11
K1 X X X X X X X
K2 X X X X X X X X
K3 X X X X X X X
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