It is aimed for students to learn the basic concepts of cost accounting, classification of costs, cost elements, cost centers and cost distribution methods, and to be able to make cost accounting applications regarding the determination of production costs.
Course Content
This course contains; Relationship and differences between cost accounting and financial accounting,Concepts of expense, loss and expenditure, classification of expenses, basic stages of the cost accounting system,Chart of accounts used in cost accounting, in-period and end-of-period operations of cost accounts,Cost of Goods Sold and Income Statement,Determination and accounting of direct and indirect raw material and material expenses,Determination and accounting of direct and indirect labor expenses,Application for accounting for direct and indirect labor expenses,Classification of general production expenses, expense types, expense locations and distribution of expenses,Distribution keys, distribution methods,Order cost method,Phase cost method,Comparison of cost systems,Identification and accounting of waste and defective products,Application for comparison of cost systems.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1.Understand the general principles of Cost Accounting
16, 9
A
1.1.Explain the basic purposes of cost accounting
16, 9
A
1.2.Define cost accounting within the uniform accounting
16, 9
A
2.Explain the concept of cost
16, 9
A
2.1.Define different types of the costs
16, 9
A
2.2.Make cost analysis
12, 16, 9
A
3.Make calculation of cost
12, 16, 9
A
3.1.Apply unit cost calculation techniques
12, 16, 9
A
3.2.Calculate raw materials, labor and general production expenses
12, 16, 9
A
4.Make records of cost accounting
12, 16, 9
A
4.1.Calculate overall production cost
12, 16, 9
A
4.2.Make cost accounting records with Uniform Chart of Account
Relationship and differences between cost accounting and financial accounting
2
Concepts of expense, loss and expenditure, classification of expenses, basic stages of the cost accounting system
3
Chart of accounts used in cost accounting, in-period and end-of-period operations of cost accounts
4
Cost of Goods Sold and Income Statement
5
Determination and accounting of direct and indirect raw material and material expenses
6
Determination and accounting of direct and indirect labor expenses
7
Application for accounting for direct and indirect labor expenses
8
Classification of general production expenses, expense types, expense locations and distribution of expenses
9
Distribution keys, distribution methods
10
Order cost method
11
Phase cost method
12
Comparison of cost systems
13
Identification and accounting of waste and defective products
14
Application for comparison of cost systems
Resources
W.Lanen, A. Anderson and M. Maher, Fundamentals of Cost Accounting, McGrawHill, 7th Edition, 2023
M. V. Rajan and M. Datar, HornGren's Cost Accounting A Managerial Emphasis, Pearson 17th Edition, 2020.
V.N. Tanış and H. Özyapıcı, Cost and Management Accounting , Karahan Kitapevi, 2023.
T.S. Reddy and H.P. Reddy, Cost Accounting, Margham Publication, 2020 Edition.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
5
(S)he develops projects in the field and handles team work.
X
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
X
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
14
3
42
Resolution of Homework Problems and Submission as a Report
14
1
14
Term Project
6
1
6
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
23
23
General Exam
1
23
23
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
150
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(150/30)
5
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
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
English
Course Level
First Cycle (Bachelor's Degree)
Course Type
Elective
Course Coordinator
Assist.Prof. Orhan ÖZAYDIN
Name of Lecturer(s)
Assoc.Prof. Feyza DEREKÖY
Assistant(s)
Aim
It is aimed for students to learn the basic concepts of cost accounting, classification of costs, cost elements, cost centers and cost distribution methods, and to be able to make cost accounting applications regarding the determination of production costs.
Course Content
This course contains; Relationship and differences between cost accounting and financial accounting,Concepts of expense, loss and expenditure, classification of expenses, basic stages of the cost accounting system,Chart of accounts used in cost accounting, in-period and end-of-period operations of cost accounts,Cost of Goods Sold and Income Statement,Determination and accounting of direct and indirect raw material and material expenses,Determination and accounting of direct and indirect labor expenses,Application for accounting for direct and indirect labor expenses,Classification of general production expenses, expense types, expense locations and distribution of expenses,Distribution keys, distribution methods,Order cost method,Phase cost method,Comparison of cost systems,Identification and accounting of waste and defective products,Application for comparison of cost systems.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1.Understand the general principles of Cost Accounting
16, 9
A
1.1.Explain the basic purposes of cost accounting
16, 9
A
1.2.Define cost accounting within the uniform accounting
16, 9
A
2.Explain the concept of cost
16, 9
A
2.1.Define different types of the costs
16, 9
A
2.2.Make cost analysis
12, 16, 9
A
3.Make calculation of cost
12, 16, 9
A
3.1.Apply unit cost calculation techniques
12, 16, 9
A
3.2.Calculate raw materials, labor and general production expenses
12, 16, 9
A
4.Make records of cost accounting
12, 16, 9
A
4.1.Calculate overall production cost
12, 16, 9
A
4.2.Make cost accounting records with Uniform Chart of Account
Relationship and differences between cost accounting and financial accounting
2
Concepts of expense, loss and expenditure, classification of expenses, basic stages of the cost accounting system
3
Chart of accounts used in cost accounting, in-period and end-of-period operations of cost accounts
4
Cost of Goods Sold and Income Statement
5
Determination and accounting of direct and indirect raw material and material expenses
6
Determination and accounting of direct and indirect labor expenses
7
Application for accounting for direct and indirect labor expenses
8
Classification of general production expenses, expense types, expense locations and distribution of expenses
9
Distribution keys, distribution methods
10
Order cost method
11
Phase cost method
12
Comparison of cost systems
13
Identification and accounting of waste and defective products
14
Application for comparison of cost systems
Resources
W.Lanen, A. Anderson and M. Maher, Fundamentals of Cost Accounting, McGrawHill, 7th Edition, 2023
M. V. Rajan and M. Datar, HornGren's Cost Accounting A Managerial Emphasis, Pearson 17th Edition, 2020.
V.N. Tanış and H. Özyapıcı, Cost and Management Accounting , Karahan Kitapevi, 2023.
T.S. Reddy and H.P. Reddy, Cost Accounting, Margham Publication, 2020 Edition.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
5
(S)he develops projects in the field and handles team work.
X
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
