| Course Description |
|
| Course Name |
: |
Cost Accounting I |
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| Course Code |
: |
MG 363 |
|
| Course Type |
: |
Optional |
|
| Level of Course |
: |
First Cycle |
|
| Year of Study |
: |
3 |
|
| Course Semester |
: |
Fall (16 Weeks) |
|
| ECTS |
: |
5 |
|
| Name of Lecturer(s) |
: |
Asst.Prof.Dr. ELİF NURSUN DEMİRCİOĞLU
Prof.Dr. VEYİS NACİ TANIŞ
|
|
| Learning Outcomes of the Course |
: |
Define cost accounting and importance of accounting information process
Explain concepts of revenues, income, profit, payment, expenditure, loss and cost.. etc. Recognize the difference between these concepts by giving examples
Clarify various aspects of acounting and explain the goals of this class
Arrange the table of cost of sales and income according to the information of cost accounting
Define factors which influence cost accounting systems
Do cost analysis
Calculate unit cost
|
|
| Mode of Delivery |
: |
Face-to-Face |
|
| Prerequisites and Co-Prerequisites |
: |
None |
|
| Recommended Optional Programme Components |
: |
None |
|
| Aim(s) of Course |
: |
The aim of this course is to familiarize the students with basic principles and concepts about cost accounting. |
|
| Course Contents |
: |
Cost of raw materials and supplies, production cost order, cost system process, costing system. |
|
| Language of Instruction |
: |
Turkish |
|
| Work Place |
: |
3. Blok |
|
|
Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
|
1 |
Basic information and concepts |
Reading material related to the topic |
presentation and problem solving |
|
2 |
Cost types and classification |
Reading material related to the topic |
presentation and problem solving |
|
3 |
Cost of raw materials and supplies |
Reading material related to the topic |
presentation and problem solving |
|
4 |
Material movement and inventory valuation process |
Reading material related to the topic |
presentation and problem solving |
|
5 |
Direct and indirect labor expences and pay system |
Reading material related to the topic |
presentation and problem solving |
|
6 |
Determinate labor cost |
Reading material related to the topic |
presentation and problem solving |
|
7 |
Production cost |
Reading material related to the topic |
presentation and problem solving |
|
8 |
Mid-term Exam |
Exam Preparation
|
written exam |
|
9 |
Allocating production cost |
Reading material related to the topic |
presentation and problem solving |
|
10 |
Allocating production cost |
Reading material related to the topic |
presentation and problem solving |
|
11 |
Order cost system |
Reading material related to the topic |
presentation and problem solving |
|
12 |
Process costing system |
Reading material related to the topic |
presentation and problem solving |
|
13 |
Process costing system |
Reading material related to the topic |
presentation and problem solving |
|
14 |
Examples, cost of sales and income statement |
Reading material related to the topic |
presentation and problem solving |
|
15 |
examples |
Reading material related to the topic |
presentation and problem solving |
|
16/17 |
Final Exam |
Exam Preparation |
written exam |
|
|
| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Use the basic enterprise resource planning (ERP) softwares |
5 |
|
2 |
List and define the concepts of business management, and explain their relations to each other |
5 |
|
3 |
List and define the fundamental conceptual models, numerical and statistical techniques of business administartion and identify their advantages and disadvantages. |
5 |
|
4 |
List and define the relationship between the basic concepts of economy and business management ; indicate the strong and weak sides of each method. |
5 |
|
5 |
Explain how to create the fundamental conceptual models and how to apply numerical and statistical techniques that are used in business administration. |
3 |
|
6 |
Explain how to interpret the results gathered through the application and/or implementation of conceptual models and/or numerical and statistical methods of business management. |
4 |
|
7 |
Determine appropriate methods to solve business problems |
4 |
|
8 |
Evaluate the results that are obtained from applications of business management methods |
4 |
|
9 |
Use the basic numerical and statistical softwares |
2 |
|
10 |
Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning |
4 |
|
11 |
Use different resources in accordance with academic principles, synthesize the data gathered, and present them effectively in an unfamiliar field. |
4 |
|
12 |
Use Turkish and at least one foreign language in accordance with the requirements in academic and business context |
3 |
|
13 |
Perceive and interpret the feelings, ideas and behaviours of people appropriately, and express himself/herself accurately in written or oral format |
4 |
|
14 |
Question traditional approaches, methods and implementations; develop and implement alternative methods when required |
5 |
|
15 |
Recognize and apply social, scientific and professional ethical values. |
5 |
|
16 |
Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives |
5 |
|
17 |
Monitor external factors such as industrial structures, competition, technologies, economics, politics, cultures that affects the activities of businesses and interpret their impact on businesses |
5 |
|
18 |
Take initiative individually or/and as a member of a team, lead and work effectively |
4 |
|
19 |
As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. |
0 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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