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
Secondary and won the high school level, including current information on the basis of competence in the field of books and documents, to have the basic theoretical and practical knowledge supported with other sources.
2
Theoretical and practical knowledge acquired in the field of basic level, in an area on the same level and / or acquire the skills to use a higher level of education.
X
3
The field gain using the basic level of knowledge and skills, analyze, identify problems, interpret and evaluate the data obtained, develop solutions based on problems.
4
To conduct an independent study on the basic level in the area.
X
5
Take responsibility to solve complex problems encountered in applications related and unforeseen area.
6
To identify learning needs, the basic level of knowledge and skills to evaluate critical thinking, to meet.
X
7
Learning a profession or a higher level of education be able to and lifelong learning has gained consciousness.
8
Issues related to the area where thoughts have learned to transfer knowledge and skills at the level of oral and written communication.
X
9
Their thoughts and suggestions share for solutions to problems related to the field.
10
European Computer Driving Licence to use together with information and communication technologies.
X
11
In the field of social, scientific, cultural and ethical values.
X
12
Social justice, quality and cultural values, environmental protection, occupational health and safety issues have sufficient awareness of the universality of social rights.
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
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
-
Spring 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
Elective
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
Secondary and won the high school level, including current information on the basis of competence in the field of books and documents, to have the basic theoretical and practical knowledge supported with other sources.
2
Theoretical and practical knowledge acquired in the field of basic level, in an area on the same level and / or acquire the skills to use a higher level of education.
X
3
The field gain using the basic level of knowledge and skills, analyze, identify problems, interpret and evaluate the data obtained, develop solutions based on problems.
4
To conduct an independent study on the basic level in the area.
X
5
Take responsibility to solve complex problems encountered in applications related and unforeseen area.
6
To identify learning needs, the basic level of knowledge and skills to evaluate critical thinking, to meet.
X
7
Learning a profession or a higher level of education be able to and lifelong learning has gained consciousness.
8
Issues related to the area where thoughts have learned to transfer knowledge and skills at the level of oral and written communication.
X
9
Their thoughts and suggestions share for solutions to problems related to the field.
10
European Computer Driving Licence to use together with information and communication technologies.
X
11
In the field of social, scientific, cultural and ethical values.
X
12
Social justice, quality and cultural values, environmental protection, occupational health and safety issues have sufficient awareness of the universality of social rights.
