Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|
| COST ACCOUNTING | ECO3115385 | Fall Semester | 3+0 | 3 | 5 |
| Course Program | Cumartesi 08:00-08:45 Cumartesi 09:00-09:45 Cumartesi 10:00-10:45 |
| Prerequisites Courses | |
| Recommended Elective Courses | |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Elective |
| Course Coordinator | Assoc.Prof. Feyza DEREKÖY |
| 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 | 12, 16, 9 | A |
| 5.Prepare the statement of cost of goods sold | 12, 16, 9 | A |
| 5.1.Define the cost of goods sold table | 16, 9 | A |
| 5.2.Calculate cost of goods sold elements | 12, 16, 9 | A |
| Teaching Methods: | 12: Problem Solving Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|
| 1 | 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 | ECO3115385 | Fall Semester | 3+0 | 3 | 5 |
| Course Program | Cumartesi 08:00-08:45 Cumartesi 09:00-09:45 Cumartesi 10:00-10:45 |
| Prerequisites Courses | |
| Recommended Elective Courses | |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Elective |
| Course Coordinator | Assoc.Prof. Feyza DEREKÖY |
| 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 | 12, 16, 9 | A |
| 5.Prepare the statement of cost of goods sold | 12, 16, 9 | A |
| 5.1.Define the cost of goods sold table | 16, 9 | A |
| 5.2.Calculate cost of goods sold elements | 12, 16, 9 | A |
| Teaching Methods: | 12: Problem Solving Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|
| 1 | 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 |
Numerical Data
Ekleme Tarihi: 09/10/2023 - 08:45Son Güncelleme Tarihi: 09/10/2023 - 08:48
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