Cost Accounting course is designed to give the students basic cost concept and cost calculation in contemporary organizations.
Classification of Costs, Financial Statements of Manufacturing Companies, Order Costing System, Phase Costing System, Cost-Volume-Profit Analysis, Activity Based Costing
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Course Learning Outcomes
| Learning Outcomes | Program Learning Outcomes |
Teaching
Methods |
Assessment
Methods |
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1) To know the basic concepts of cost accounting, to be able to classify costs in production enterprises. |
2.3
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1,2,3,4 | A,B,C,D | |
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2) To be able to distinguish product and period costs, to understand when and how these costs will be reported in financial statements. |
2.3.4 |
1,2,3,4 | A,B,C,D | |
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3) To know the factors affecting the cost accounting system, to monitor the cost flow in order and stage cost systems and to calculate the unit cost. |
2.3 |
1,2,3,4 | A,B,C,D | |
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4) Making short-term planning and decision making using cost-volume-profit analysis. |
2.3 |
1,2,3,4 | A,B,C,D | |
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5) To understand the differences between full costing and variable costing methods. |
4.3 |
1,2,3,4 | A,B,C,D | |
Course Flow
| COURSE CONTENT | ||
| Week | Topics | Study Materials |
| 1 |
Introduction to Cost Accounting |
|
| 2 |
Cost Terms, Concepts, and Classification |
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| 3 |
Cost Terms, Concepts, and Classification |
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| 4 |
Order Costing System |
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| 5 |
Order Costing System |
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| 6 |
Phase Costing System |
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| 7 |
Phase Costing System |
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| 8 |
Midterm |
|
| 9 |
Cost Behaviors |
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| 10 |
Cost Behaviors |
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| 11 |
Cost Volume Profit Analysis |
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| 12 |
Cost Volume Profit Analysis |
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| 13 |
Variable Costing |
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| 14 |
Variable Costing |
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| 15 |
Activity Based Costing |
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| 16 |
Final |
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Recommended Sources
| RECOMMENDED SOURCES | |
| Textbook | Managerial Accounting (12 th Edition), Garrison, Noreen, Brewer, McGraw Hill |
| Additional Resources | - |
Material Sharing
| MATERIAL SHARING | |
| Documents | - |
| Assignments | - |
| Exams | - |
Assessment
| ASSESSMENT | ||
| IN-TERM STUDIES | NUMBER | PERCENTAGE |
| Homework | 1 | 20 |
| Presentation | 1 | 20 |
| Project | 1 | 40 |
| Total | 60 | |
| CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE | 30 | |
| CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE | 10 | |
| Total | 100 | |
Course’s Contribution to Program
| COURSE'S CONTRIBUTION TO PROGRAM | |||||||
| No | Program Learning Outcomes | Contribution | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Have the basic knowledge on legal, political, economic and social issues that cover the field of business administration science and specialties at international level. | X | |||||
| 2 | Have the knowledge of English at international institutional level to communicate effectively in written and oral. | X | |||||
| 3 | Improves entrepreneurship ability. | X | |||||
| 4 | Reinforce theoretical knowledge with practice. | X | |||||
| 5 | Associate the knowledge acquired in the sub-specialties of business science and reflect it in decision-making processes. | X | |||||
| 6 | Work effectively within the team and take the initiative for the success of the team. | X | |||||
| 7 | Act in accordance with the principles of business ethics and social responsibility and fulfill their active citizenship duties. | X | |||||
| 8 | Have the necessary knowledge to conduct independent study/project/research, evaluate their results, and produce creative solutions to problems. | X | |||||
ECTS
| ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION | |||
| Activities | Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Course Duration (Including the exam week: 16x Total course hours) | 16 | 3 | 48 |
| Hours for off-the-classroom study (Pre-study, practice) | 16 | 5 | 80 |
| Homeworks | 1 | 5 | 5 |
| Presentation | 1 | 3 | 3 |
| Projects | 1 | 30 | 30 |
| Final examination | 1 | 3 | 3 |
| Total Work Load | 169 | ||
| Total Work Load / 25 (h) | 6,76 | ||
| ECTS Credit of the Course | 7 | ||