Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
ECTS: 5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Prof. Dr. Gülçin KAZAN
Course Objective
It is aimed to teach cost accounting registration methods in Turkish GAAP (7 / A and 7 / B options) and to report cost information.
Course Content
The course comprises of the definition of cost accounting and its basic concepts, objectives, classification of cost elements, accounting, expense distribution methods, unit cost calculation methodsand cost, volume, profit analysis.
Required Resources
Weygandt, J. J., Kimmel, P. D., Kieso, D. E., & Aly, I. M.. Managerial accounting: Tools for business decision-making. John Wiley & Sons.
Recommended Resources
Weygandt, J. J., Kieso, D. E., Kimmel, P. D., Trenholm, B., Warren, V., & Novak, L. . Accounting Principles, Volume 2. John Wiley & Sons.
Course Learning Outcomes
- The ability to calculate costs in a job order and a process cost accounting system and understand how the costsflow through the system.
- An understanding of the types of budgets and be able to prepare operating budgets, financial budgets and capitalbudget.
- General production expenses, indirect expenses problem
- Material costs, labor costs
- Accounts in cost accounting, transfer from accounts to financial tables
- An understanding of the types of costs and how they behave in order to calculate cost-volume-profitrelationships.
- Secondary Distribution
- Introduction to Managerial accounting, differences between managerial and general accounting, importance of managerial accounting in business management, notion of cost, division of cost, difference between loss and expense
Core Area Distribution
(34) Business and Administration%50 (46) Mathematics and Statistics%50
Teaching Methods
ExpressionQuestion-AnswerDiscussionExercise and PracticeBrain StormingCase StudyProblem Solving
Assessment & Evaluation
Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 2 | 32 |
| Out of Class Study Period | 16 | 5 | 80 |
| Midterm | 1 | 2 | 2 |
| Quiz | 2 | 3 | 6 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 6 | 6 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Managerial Accounting | Weygandt (Chapter 1) |
| 2 | Job Order Cost Accounting | Weygandt (Chapter 2) |
| 3 | Process Cost Accounting | Weygandt (Chapter 3) |
| 4 | Activity-Based Costing | Weygandt (Chapter 4) |
| 5 | Cost-Volume-Profit Relationships | Weygandt (Chapter 5) |
| 6 | Incremental Analysis | Weygandt (Chapter 6) |
| 7 | Variable Costing | Weygandt (Chapter 7) |
| 8 | Ara Sınav | Ara Sınav |
| 9 | Pricing | Weygandt (Chapter 8) |
| 10 | Budgetary Planning | Weygandt (Chapter 9) |
| 11 | Budgetary Control and Responsibility Accounting | Weygandt (Chapter 10) |
| 12 | Standard Costs | Weygandt (Chapter 11) |
| 13 | Planning for Capital Investments | Weygandt (Chapter 12) |
| 14 | Case Studies | |
| 15 | Case Studies | |
| 16 | Final Sınavı | Final Sınavı |