At the end of this course, the students; 1) Explain why organisations need to know how much products, processes and services cost and why they need costing systems. 2) Explain why the concept of "cost" needs to be qualified as direct, full, marginal etc, in order to be meaningful. 3) Distinguish between fixed, variable and semi-variable costs. 4) Explain the concept of contribution and its use in cost-volume-profit (CVP) analysis. 5) Prepare break-even charts and profit/volume graphs for a single product or service. 6) Calculate direct, variable and full costs of products, services and activities using overhead absorption rates to trace indirect costs to cost units.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
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.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Cost Terms, Concepts and Classification I
2nd Week
Cost Terms, Concepts and Classification II
3rd Week
Types and Classification of Costs I
4th Week
Types and Classification of Costs II
5th Week
Cost Allocation and Cost Assignment I
6th Week
Cost Allocation and Cost Assignment II
7th Week
Cost Allocation and Cost Assignment III
8th Week
Mid-term examination
9th Week
Cost Allocation and Cost Assignment IV
10th Week
Cost Allocation and Cost Assignment V
11th Week
Costing Methods I
12th Week
Costing Methods III
13th Week
Costing Methods III
14th Week
Bookkeeping in Cost Accounting
RECOMENDED OR REQUIRED READING
Karakaya, M. , Maliyet Muhasebesi, Gazi Kitabevi, 2007 Yardımcı Kaynaklar; - Akdoğan, N. , Maliyet Muhasebesi, Gazi Kitabevi, 2009 - S., Yükçü, Yönetim Açısından Maliyet Muhasebesi, Altın Nokta Basın Yayın Dağıtım, 2011
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Problem Solving
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
40
Total(%)
40
Contribution of In-term Studies to Overall Grade(%)
40
Contribution of Final Examination to Overall Grade(%)
60
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
3
3
Preparation for Quiz
Individual or group work
14
3
42
Preparation for Final exam
1
125
125
Course hours
14
3
42
Preparation for Midterm exam
1
100
100
Laboratory (including preparation)
Final exam
1
3
3
Homework
Total Workload
315
Total Workload / 30
10,5
ECTS Credits of the Course
10
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)
