Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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UIT408 | COST MANAGEMENT | 5 | 3 | 3 | 5 |
GENERAL INFORMATION |
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Language of Instruction : | Turkish |
Level of the Course Unit : | BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
Type of the Course : | Elective |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | Assist.Prof. RAMAZAN İNAN |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | In this course, students will be able to understand the cost management process and gain the ability to make cost management in business life. At the end of the course, students will be able to explain how cost management is done in a business. |
Contents of the Course Unit: | Contents of the course include; Cost Management, Cost Behaviors and Estimation Methods, Cost - Volume - Profit Analysis, Budgeting as Cost Management Tool, Cost Control and Deviation Analysis through Standard Costs, Measurement of Success of Investment Centers and Transfer Pricing, Use of Costs in Decision Making and Pricing Decisions, Strategic Cost Management. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Classify cost behavior and costs (Bloom 4). |
Explain cost estimation methods (Bloom 2). |
Analyze Cost Volume Profit level. (Bloom 4). |
Explain budget preparation process and budgets. (Bloom 2) |
Calculate cost control, standard costs and deviations. (Blooms 3) |
Use methods of achievement measurement and transfer pricing. (Bloom 3) |
Use costs in pricing decisions. (Bloom 3) |
Explain strategic cost management. (Bloom 2) |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Creating the first impression in the student, preparing the presentation about the course content and methods | Introduction to Cost Management | LECTURE, PRESENTATION, SAMPLEMENT |
2 | Literature research and course preparation | Cost Behaviors and Estimation Methods | LECTURE, PRESENTATION, SAMPLEMENT |
3 | Literature research and course preparation | Cost- Volume- Profit Analysis | LECTURE, PRESENTATION, SAMPLEMENT |
4 | Literature research and course preparation | Cost- Volume- Profit Analysis | LECTURE, PRESENTATION, SAMPLEMENT |
5 | Literature research and course preparation | Budgets as a Cost Management Tool | LECTURE, PRESENTATION, SAMPLEMENT |
6 | Literature research and course preparation | Budgets as a Cost Management Tool | LECTURE, PRESENTATION, SAMPLEMENT |
7 | Literature research and course preparation | Cost Control and Standard Costs | LECTURE, PRESENTATION, SAMPLEMENT |
8 | - | MID-TERM EXAM | - |
9 | Literature research and course preparation | Deviation Analysis | LECTURE, PRESENTATION, SAMPLEMENT |
10 | Literature research and course preparation | Measurement of Success of Investment Centers and Transfer Pricing | LECTURE, PRESENTATION, SAMPLEMENT |
11 | Literature research and course preparation | Measurement of Success of Investment Centers and Transfer Pricing | LECTURE, PRESENTATION, SAMPLEMENT |
12 | Literature research and course preparation | Using Valid Costs in Decision Making Process and Pricing Decisions | LECTURE, PRESENTATION, SAMPLEMENT |
13 | Literature research and course preparation | Using Valid Costs in Decision Making Process and Pricing Decisions | LECTURE, PRESENTATION, SAMPLEMENT |
14 | Literature research and course preparation | Strategic Cost Management | LECTURE, PRESENTATION, SAMPLEMENT |
15 | Literature research and course preparation | Strategic Cost Management | LECTURE, PRESENTATION, SAMPLEMENT |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Gürdal, K. (2007), Maliyet Yönetiminde Güncel Yaklaşımlar, Ankara: Siyasal Kitabevi |
Çaldağ, Y. (2015), Maliyet Yönetim Muhasebesi Uygulamaları, Ankara: Gazi Kitabevi |
Basık, F.O., Rekabet Stratejisinde Maliyet Yönetimi, Türkmen Kitabevi |
Wouters, M., Hilton, M.W., Selto, F. (2012), Cost Management: Strategies for Business Decisions, McGraw Hill Press |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Describe the basic characteristics of the tourism industry and the basic concepts related to the Tourism Guidance profession and relate those with the characteristics of tourism businesses
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2 |
Discusses the structure, operation and importance of tourism industry in country development and relates with tourism business
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KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explains and interprets culture, history, religion, art, geography way of thinking and way of life the various civilizations who lived in Turkey.
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SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Plans a tour program considering the travel purpose, the type and the characteristics of the touristic region in accordance with the theoretical knowledge gained in the field of Tourism Guidance and discusses the functioning.
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2 |
Underlines the importance of professional development by following scientific and current developments in the fields of tourism, art and archeology, and acts defensive attitude and behavior towards the necessity of lifelong learning.
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SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyzes numerical and statistical data and results in accordance with ethical values for current practices in the field of tourism .
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2 |
Knows and applies the legal regulations related to tourism field, tourist guidance professional law and professional organizations.
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OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
By taking leadership role in tour groups; administers the tour program and solves possible problems during the tour.
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OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Uses the skills of explaining and presenting Turkey's and other regions natural and cultural assets that have, ancient city, ruins and historical artefacts and architectural art, culture, cuisine, folklore, flora and fauna features of regions etc.
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OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Shows the communication skill and presentation skill effectively in written and verbal and expresse his / her professional knowledge accurately and effectively.
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2 |
Shows reading, writing, comprehension, speaking and writing skills in English and in a second foreign language (Arabic, Russian, Chinese).)
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OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Uses knowledge and competences related to preparation, implementation and supervision of a tour.
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2 |
By using the personality traits that have social skills required by the Tourism Guidance profession; arranges projects, organizations and activities with sustainable, societal and social content specific to the field.
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3 |
Shows a sensitive attitude towards the negative effects of tourism on the physical and social environment, acts with the consciousness of preserving abstract and concrete cultural assets
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WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 14 | 2 | 28 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 7 | 5 | 35 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 5 | 4 | 20 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 42 | 0 | 127 |
Total Workload of the Course Unit | 127 | ||
Workload (h) / 25.5 | 5 | ||
ECTS Credits allocated for the Course Unit | 5,0 |