Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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BUS222 | COST ACCOUNTING | 4 | 3 | 3 | 6 |
GENERAL INFORMATION |
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Language of Instruction : | English |
Level of the Course Unit : | BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
Type of the Course : | Compulsory |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | Assist.Prof. ÇAĞLA TUĞBERK ARIKER |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course aims to develop the ability to identify, explain the method and record systems of cost calculation and to analyze these. |
Contents of the Course Unit: | Contents of the course include Concepts on Cost, Types and Systems of Cost, Cost Calculation Methods and Issuing Statement of Cost of Goods Sold. |
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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Explain Terminology of Cost Accounting, Its Basic Concepts and Principles |
Define Cost Accounting Systems. |
Draw Statement of Cost of Goods Sold. |
Analyze Accounting Inputs According to Order Cost and Process Costing Methods. |
Use Cost Accounting Theory in Problem Analysis. |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Relevant chapters of the coursebook | Basic Concepts on Costs | Lecture & Practical Examples and Exercises |
2 | Relevant chapters of the coursebook | Types and Systems of Cost | Lecture & Practical Examples and Exercises |
3 | Relevant chapters of the coursebook | Determining the costs for raw materials and supplies and indirect material | Lecture & Practical Examples and Exercises |
4 | Relevant chapters of the coursebook | Stock Valuation Methods, net and variable cost | Lecture & Practical Examples and Exercises |
5 | Relevant chapters of the coursebook | Cost Calculation for direct and indirect labour | Lecture & Practical Examples and Exercises |
6 | Relevant chapters of the coursebook | Wage Systems | Lecture & Practical Examples and Exercises |
7 | Relevant chapters of the coursebook | General Production Costs | Lecture & Practical Examples and Exercises |
8 | - | MID-TERM EXAM | - |
9 | Relevant chapters of the coursebook | Cost areas and allocation of costs | Lecture & Practical Examples and Exercises |
10 | Relevant chapters of the coursebook | Cost allocation sheet and classic allocation methods | Lecture & Practical Examples and Exercises |
11 | Relevant chapters of the coursebook | Adjustment of Sales Cost Statement – Cost account and records in Uniform Chart of Accounts | Lecture & Practical Examples and Exercises |
12 | Relevant chapters of the coursebook | Classification of cost systems, factors effecting cost systems | Lecture & Practical Examples and Exercises |
13 | Relevant chapters of the coursebook | Standard Cost System | Lecture & Practical Examples and Exercises |
14 | Relevant chapters of the coursebook | Standard Cost System | Lecture & Practical Examples and Exercises |
15 | Relevant chapters of the coursebook | Standard Cost System | Lecture & Practical Examples and Exercises |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Buyukmirza, H. K. (2014). Maliyet ve yonetim muhasebesi: tekduzen'e uygun bir sistem yaklasimi. Gazi Bookstore. |
Civelek, M., & Ozkan, A. (2006). Maliyet ve yonetim muhasebesi. Detay Publications. |
Madhav, R., Horngren, C., & Datar, S. (2015). Cost Accounting: A Managerial Emphasis, 15. Auflage, Edinburgh. |
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 |
Define the theories, concepts and principles of the basic and sub-fields of business.
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5 | |||||
2 |
Explain business functions and processes based on current scientific sources.
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4 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate internationally valid business cases with the theories and concepts of other social sciences.
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4 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has.
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5 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Use the theoretical and factual knowledge in business for occupational practices.
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4 | |||||
2 |
Solve individual and organizational problems in business life.
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4 | |||||
3 |
Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems.
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4 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Plan research and work using knowledge and skills gained in the field of business.
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2 | |||||
2 |
Organize the activities for organizational goals and purposes independently.
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2 |
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 |
Criticize advanced knowledge and skills in the field with a critical approach.
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3 | |||||
2 |
Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments.
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3 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Express his/her knowledge, thoughts and solutions on business to related stakeholders in written and verbal ways.
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4 | |||||
2 |
Use the information and communication technology software and equipment required for business.
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3 |
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 |
Apply the social, scientific, cultural and ethical values at the stages of collection of data, their implementation, interpretation and announcement of results in the field of business.
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3 | |||||
2 |
Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life.
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1 |
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 | 3 | 42 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 14 | 1 | 14 |
Assignment (Homework) | 14 | 2 | 28 |
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 | 1 | 10 | 10 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 1 | 10 | 10 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 60 | 0 | 148 |
Total Workload of the Course Unit | 148 | ||
Workload (h) / 25.5 | 5,8 | ||
ECTS Credits allocated for the Course Unit | 6,0 |