The aim of this course is to give an understanding of fundamental concepts of cost accounting, classification of costs, cost elements, cost centres and cost allocation methods. After taking this course, students are also expected to have a broader perspective on the role and use of cost accounting in manufacturing companies.
Course Content
This course contains; General information about the aim and content of the course, differences between cost accounting and financial accounting,Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system.,Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts,Cost of Goods Sold and Income Statement,Identifying and recording direct and indirect material costs,Identifying and recording direct and indirect labour costs,Case studies 1,Classification of overhead costs; cost categories, cost centres and cost allocation,Cost allocation keys and cost allocation methods,Job order costing system,Process costing system,Differences between costing systems,Identification and recording of shrinkage and spoilage,Case studies 2.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. They will be able to compare the differences and similarities between the accounting practices of manufacturing and trade enterprises.
6, 9
A
2. Understand the basic purposes of cost accounting and apply unit cost calculation techniques.
6, 9
A
3. Will be able to identify cost elements, cost centers and apply cost distribution methods.
6, 9
A
4. Calculate raw materials, labor and general production costs.
6, 9
A
5. It will be able to apply cost accounting.
6, 9
A
Teaching Methods:
6: Experiential Learning, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
General information about the aim and content of the course, differences between cost accounting and financial accounting
2
Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system.
3
Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts
4
Cost of Goods Sold and Income Statement
5
Identifying and recording direct and indirect material costs
6
Identifying and recording direct and indirect labour costs
7
Case studies 1
8
Classification of overhead costs; cost categories, cost centres and cost allocation
9
Cost allocation keys and cost allocation methods
10
Job order costing system
11
Process costing system
12
Differences between costing systems
13
Identification and recording of shrinkage and spoilage
Having adequate infrastructure in the fields of accounting, law, basic management, management and field; To gain theoretical and practical knowledge in these areas.
X
2
To be able to interpret and evaluate data, to identify and analyze data using the basic knowledge and skills acquired in the field, and to be able to develop evidence-based solutions.
X
3
To be able to design, plan and carry out projects using professional environments and tools related to the field.
X
4
To be able to produce solutions, to take responsibilities in teams or to be able to do individual work in case of encountering unforeseen situations in field related applications.
X
5
To gain the application skills by examining the processes related to the field of public and private sector organizations on site.
X
6
Awareness of the necessity of life-long learning; To follow the developments in science and technology and to gain the consciousness of renewing itself continuously.
X
7
To acquire the ability to use computer software and hardware at the basic level required by the field.
8
Having a level of foreign language knowledge that can follow the innovations in the field of judge and field to effective communication techniques.
9
To be able to identify and effectively use the modern techniques, tools and information technologies required for applications related to the field.
10
To have a conscious of historical values, social responsibility, universal, social and professional ethics.
X
11
Business law and business security, environmental knowledge, tax law, professional legislation, other related laws and regulations, principles and concepts of accounting, international standards and quality conscious.
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
40
Rate of Final Exam to Success
60
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
5
16
80
Resolution of Homework Problems and Submission as a Report
1
2
2
Term Project
0
0
0
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
3
3
General Exam
1
3
3
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
130
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(130/30)
4
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
COST ACCOUNTING
-
Fall Semester
3+0
3
4
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
Short Cycle (Associate's Degree)
Course Type
Required
Course Coordinator
Lect. Nuri GÜLTEKİN
Name of Lecturer(s)
Lect. Nuri GÜLTEKİN
Assistant(s)
Aim
The aim of this course is to give an understanding of fundamental concepts of cost accounting, classification of costs, cost elements, cost centres and cost allocation methods. After taking this course, students are also expected to have a broader perspective on the role and use of cost accounting in manufacturing companies.
Course Content
This course contains; General information about the aim and content of the course, differences between cost accounting and financial accounting,Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system.,Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts,Cost of Goods Sold and Income Statement,Identifying and recording direct and indirect material costs,Identifying and recording direct and indirect labour costs,Case studies 1,Classification of overhead costs; cost categories, cost centres and cost allocation,Cost allocation keys and cost allocation methods,Job order costing system,Process costing system,Differences between costing systems,Identification and recording of shrinkage and spoilage,Case studies 2.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. They will be able to compare the differences and similarities between the accounting practices of manufacturing and trade enterprises.
6, 9
A
2. Understand the basic purposes of cost accounting and apply unit cost calculation techniques.
6, 9
A
3. Will be able to identify cost elements, cost centers and apply cost distribution methods.
6, 9
A
4. Calculate raw materials, labor and general production costs.
6, 9
A
5. It will be able to apply cost accounting.
6, 9
A
Teaching Methods:
6: Experiential Learning, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
General information about the aim and content of the course, differences between cost accounting and financial accounting
2
Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system.
3
Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts
4
Cost of Goods Sold and Income Statement
5
Identifying and recording direct and indirect material costs
6
Identifying and recording direct and indirect labour costs
7
Case studies 1
8
Classification of overhead costs; cost categories, cost centres and cost allocation
9
Cost allocation keys and cost allocation methods
10
Job order costing system
11
Process costing system
12
Differences between costing systems
13
Identification and recording of shrinkage and spoilage
Having adequate infrastructure in the fields of accounting, law, basic management, management and field; To gain theoretical and practical knowledge in these areas.
X
2
To be able to interpret and evaluate data, to identify and analyze data using the basic knowledge and skills acquired in the field, and to be able to develop evidence-based solutions.
X
3
To be able to design, plan and carry out projects using professional environments and tools related to the field.
X
4
To be able to produce solutions, to take responsibilities in teams or to be able to do individual work in case of encountering unforeseen situations in field related applications.
X
5
To gain the application skills by examining the processes related to the field of public and private sector organizations on site.
X
6
Awareness of the necessity of life-long learning; To follow the developments in science and technology and to gain the consciousness of renewing itself continuously.
X
7
To acquire the ability to use computer software and hardware at the basic level required by the field.
8
Having a level of foreign language knowledge that can follow the innovations in the field of judge and field to effective communication techniques.
9
To be able to identify and effectively use the modern techniques, tools and information technologies required for applications related to the field.
10
To have a conscious of historical values, social responsibility, universal, social and professional ethics.
X
11
Business law and business security, environmental knowledge, tax law, professional legislation, other related laws and regulations, principles and concepts of accounting, international standards and quality conscious.
