Students are aimed to have abilities related to cost management and accounting process.
Course Content
This course contains; General Concepts about Cost,Identify Different Types of the Costs of the Companies,Cost and Revenue Analysis,Introduction to Budgeting,Preparing the Budget of the Companies,The Role of the Cost in Financial Planning,Different Techniques of Financial Planning,Introduction to Cost Accounting,Cost Accounting Records in Uniform Chart of Account,Preparing Statement of Cost of Goods Sold,Preparing Statement of Cost of Goods Sold,Direct Raw Materials and Supplies Cost,Direct Labor Cost,General Production Cost.
Course Learning Outcomes
Teaching Methods
Assessment Methods
1.Will be able to explain the concepts of cost and revenue.
10, 9
A
1.1.Define different types of the costs
10, 9
1.2.Make cost and revenue analysis
10, 9
2.Will be able to make budgeting of the companies
10, 9
A
2.1.Implement budgeting methods
10, 9
2.2.Prepare proforma financial tables of the companies
10, 9
3.Will be able to make fundamental application about cost accounting
10, 9
A
3.1.Prepare statement of cost of goods sold
10, 9
3.2.Calculate direct raw materials and supplies expenses
10, 9
4.1.Make records of cost accounting
10, 9
4.2.Calculate direct labor cost
10, 9
5.Will be able to use FIFO, LIFO and weighted average methods
10, 9
A
5.1.Explain general production cost
10, 9
5.2.Carries out transactions on BIST and VOB stock exchanges.
10, 9
4. Will be able to make financial planning using different budgeting methods.
10, 9
A
Teaching Methods:
10: Discussion Method, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
General Concepts about Cost
2
Identify Different Types of the Costs of the Companies
3
Cost and Revenue Analysis
4
Introduction to Budgeting
5
Preparing the Budget of the Companies
6
The Role of the Cost in Financial Planning
7
Different Techniques of Financial Planning
8
Introduction to Cost Accounting
9
Cost Accounting Records in Uniform Chart of Account
10
Preparing Statement of Cost of Goods Sold
11
Preparing Statement of Cost of Goods Sold
12
Direct Raw Materials and Supplies Cost
13
Direct Labor Cost
14
General Production Cost
Resources
1- Cost Accounting (2023) : A Managerial Emphasis, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan, Pearson Education
Additional Readings
1. Rhee, R. J. (2023). Corporate Finance. Aspen Publishing.
2. Kaur, P. (2023). Financial markets and institutions. Sultan Chand & Sons
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.
X
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).
X
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
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.
X
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.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
X
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
X
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
2
28
Guided Problem Solving
14
2
28
Resolution of Homework Problems and Submission as a Report
5
1
5
Term Project
1
20
20
Presentation of Project / Seminar
1
2
2
Quiz
2
10
20
Midterm Exam
1
16
16
General Exam
1
31
31
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 MANAGEMENT and ACCOUNTING
ECO2253320
Spring 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
Required
Course Coordinator
Prof.Dr. Serhat YÜKSEL
Name of Lecturer(s)
Assoc.Prof. Orhan ÖZAYDIN
Assistant(s)
Aim
Students are aimed to have abilities related to cost management and accounting process.
Course Content
This course contains; General Concepts about Cost,Identify Different Types of the Costs of the Companies,Cost and Revenue Analysis,Introduction to Budgeting,Preparing the Budget of the Companies,The Role of the Cost in Financial Planning,Different Techniques of Financial Planning,Introduction to Cost Accounting,Cost Accounting Records in Uniform Chart of Account,Preparing Statement of Cost of Goods Sold,Preparing Statement of Cost of Goods Sold,Direct Raw Materials and Supplies Cost,Direct Labor Cost,General Production Cost.
Course Learning Outcomes
Teaching Methods
Assessment Methods
1.Will be able to explain the concepts of cost and revenue.
10, 9
A
1.1.Define different types of the costs
10, 9
1.2.Make cost and revenue analysis
10, 9
2.Will be able to make budgeting of the companies
10, 9
A
2.1.Implement budgeting methods
10, 9
2.2.Prepare proforma financial tables of the companies
10, 9
3.Will be able to make fundamental application about cost accounting
10, 9
A
3.1.Prepare statement of cost of goods sold
10, 9
3.2.Calculate direct raw materials and supplies expenses
10, 9
4.1.Make records of cost accounting
10, 9
4.2.Calculate direct labor cost
10, 9
5.Will be able to use FIFO, LIFO and weighted average methods
10, 9
A
5.1.Explain general production cost
10, 9
5.2.Carries out transactions on BIST and VOB stock exchanges.
10, 9
4. Will be able to make financial planning using different budgeting methods.
10, 9
A
Teaching Methods:
10: Discussion Method, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
General Concepts about Cost
2
Identify Different Types of the Costs of the Companies
3
Cost and Revenue Analysis
4
Introduction to Budgeting
5
Preparing the Budget of the Companies
6
The Role of the Cost in Financial Planning
7
Different Techniques of Financial Planning
8
Introduction to Cost Accounting
9
Cost Accounting Records in Uniform Chart of Account
10
Preparing Statement of Cost of Goods Sold
11
Preparing Statement of Cost of Goods Sold
12
Direct Raw Materials and Supplies Cost
13
Direct Labor Cost
14
General Production Cost
Resources
1- Cost Accounting (2023) : A Managerial Emphasis, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan, Pearson Education
Additional Readings
1. Rhee, R. J. (2023). Corporate Finance. Aspen Publishing.
2. Kaur, P. (2023). Financial markets and institutions. Sultan Chand & Sons
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.
X
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).
X
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
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.
X
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.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
X
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
X
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.
