| Course Description |
|
| Course Name |
: |
Profit Planning and Control |
|
| Course Code |
: |
MG2 703 |
|
| Course Type |
: |
Optional |
|
| Level of Course |
: |
Second Cycle |
|
| Year of Study |
: |
1 |
|
| Course Semester |
: |
Spring (16 Weeks) |
|
| ECTS |
: |
4 |
|
| Name of Lecturer(s) |
: |
|
|
| Learning Outcomes of the Course |
: |
Defines the Concept of Profit Planning
Makes definition of the budget and Stages
Makes budget organization
Prepares Pro Forma Income Statement
Prepares Pro Forma Balance Sheet
Prepares Pro Forma Cash Flow Statement and Cash Budget
Makes regulation of flexible budget
Does deviation analysis
|
|
| Mode of Delivery |
: |
Face-to-Face |
|
| Prerequisites and Co-Prerequisites |
: |
None |
|
| Recommended Optional Programme Components |
: |
None |
|
| Aim(s) of Course |
: |
The purpose of this course, to teach students how to use accounting information, planning and control activities and in this direction how to prepare operating budgets and how to determine an adjustment to variances. |
|
| Course Contents |
: |
Profit Planning and Control in operations. |
|
| Language of Instruction |
: |
Turkish |
|
| Work Place |
: |
block 2 |
|
|
Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
|
1 |
Management Process and the concept of Profit Planning control, key features |
Operating Budgets: Profit Planning control : Page 1 - 69 |
presentation and problem solving |
|
2 |
Objectives and benefits of the budget |
Administrative Cost Accounting : Page 413 - 422 |
presentation and problem solving |
|
3 |
The main stages of the budget and the main budget |
Administrative Cost Accounting : Page 423 - 449 |
presentation and problem solving |
|
4 |
Sales Budget |
Operating Budgets: Profit Planning control: Page 165 - 213 |
presentation and problem solving |
|
5 |
production Budget |
Operating Budgets: Profit Planning control:Page 214 - 245 |
presentation and problem solving |
|
6 |
Direct raw material Purchasing and Usage Budget |
Operating Budgets: Profit Planning control : Page246 - 281 |
presentation and problem solving |
|
7 |
Direct Labor Expenses Budget |
Operating Budgets: Profit Planning control : Page 283 - 305 |
presentation and problem solving |
|
8 |
midterm exam |
exam preparation |
measuring and evaluation |
|
9 |
overheads budget |
Operating Budgets: Profit Planning control: Page 306 - 352 |
presentation and problem solving |
|
10 |
Cost of Sales Budget and end of period stock budget |
Administrative Cost Accounting : Page 436 - 438 |
presentation and problem solving |
|
11 |
Proforma Income Statement and Balance Sheet |
Administrative Cost Accounting : Page 442 - 443 |
presentation and problem solving |
|
12 |
Cash Budget and Pro Forma Cash Flow Statement |
Operating Budgets: Profit Planning control: Page 414 - 485 |
presentation and problem solving |
|
13 |
flexible Budgets |
Operating Budgets: Profit Planning control: Page 353 - 413 |
presentation and problem solving |
|
14 |
Variance analysis |
Operating Budgets: Profit Planning control: Page 601 - 627 |
presentation and problem solving |
|
15 |
examples |
none |
problem solving |
|
16/17 |
final exam |
exam preparation |
measuring and evaluation |
|
|
| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Has the ability to list, describe and explain the relationship between the terms which belong to financial management, accounting management, production management, marketing management, management organization and numerical methods. |
5 |
|
2 |
Has the ability to list,describe the basic theoretical models of business administration, and explain the aim of usage of the models; indicate the strength and weakness of each model and/or methods |
3 |
|
3 |
Determines the appropriate methods to solve the problems faced by the company. |
5 |
|
4 |
Implements business management methods through following the fundamental steps |
4 |
|
5 |
Uses the basic techniques of financial analysis to achieve the best result |
5 |
|
6 |
Takes responsibility as an indivicual and/or as a part of a team, can lead and work effectively. |
3 |
|
7 |
In recognition of the need for lifelong learning and continuous self-renewal, tracks the latest developments in the field of business administration. |
4 |
|
8 |
Has ability to use different sources in academic circumstances , synthesize the information obtained in a new field of business administration and present effectively
|
5 |
|
9 |
Uses Turkish and at least one foreign language in accordance with the requirements of academic life and work life. |
4 |
|
10 |
Has ability to inquire and apply the traditional methods,and ability to develop and implement new ways of working if necessary. |
4 |
|
11 |
Has ability to research on the science of business administration, to form the basis for the decision-making process. |
3 |
|
12 |
Has ability ro determine the business management approaches, application and methods which are appropriate for the business’s sector, growth, resources, culture, goals and aims. |
3 |
|
13 |
Explains how to create the basic theoretical models of business and new management in literature and how to implement numarical and statistics methods. |
5 |
|
14 |
Has the ability to explain and interpret the data which is obtained as a result of constitution/ application of theoretical models of business management. |
5 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
|
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