COST ACCOUNTING

Course Description

In this course, the development, interpretation, and use of relevant cost behavior, control, and tractability concepts for management planning, controlling and decision making are emphasized. This course focuses on corporate decision-making skills for managers by concentrating on the concepts and practices of managerial accounting. The emphasis is on building a general framework for choosing among alternative cost systems for operational control and product cost and profitability measurement. The course covers recent conceptual and analytical developments in the area of management accounting, including study of modern and relevant planning, control techniques and their underlying concepts as applied to various functional areas within the firm, and performance evaluation

COST ACCOUNTING

Evaluation Tools (Active Term)

Course outcomes

1. 01 By the completion of the course the students should be able to evaluate production decisions in light of costs and profits and make decision whether to continue producing or stop in light of buy or produce decision.

Course Syllabus

Reference Books & Course Materials

1. 01 1. Fundamentals of Cost Accounting, Lanen, Anderson, Maher, 5th edition, Mc.Graw Hill.
2. 02 2. Financial & Managerial Accounting, Williams, Haka, Bettner, Carcello, 17th edition, McGraw-Hill.

Learning Outcomes

1. L01 By the completion of the course the students should be able to evaluate production decisions in light of costs and profits and make decision whether to continue producing or stop in light of buy or produce decision. SOLO 5
2. L02 Explains cost accounting systems SOLO 3
3. L03 Explains cost accounting systems SOLO 3

Program Outcomes

1. P01 1. To be able to examine the basic problems in the field of Accounting and Finance with scientific methods, to interpret and evaluate the data.
2. P02 2. Muhasebe ve Finans alanındaki problemlere ilişkin uygulamada karşılaşılan karmaşık sorunları çözmek için bireysel ve grup üyesi olarak sorumluluk alabilmek ve çözüm üretebilmek.
3. P03 3. To be able to critically evaluate the knowledge and skills acquired in the fields of Accounting and Finance, to determine learning needs and to carry the learning process to an advanced level.
4. P04 4. To inform experts or non-experts on financial issues, to share their ideas and problems and solution methods by supporting them with quantitative and qualitative data.
5. P05 5. To be able to interpret and evaluate the discussions on the theoretical aspects of Accounting and Finance.
6. P06 6. To be able to identify regional and global problems that directly or indirectly affect financial issues, to develop solutions and strategies based on evidence and research.
7. P07 7. To be able to define, evaluate and interpret the classical and current theories of accounting and finance policies and strategies, differences and relationships between them.
8. P08 8. To have social, scientific and ethical values in the collection, interpretation, announcement and application of data in the field of accounting and finance and to assimilate these values.
9. P09 9. To be able to follow, understand, interpret and analyze the changing trends in accounting and financial activities in the world at an advanced level, and apply innovation and innovative working principles.
10. P10 10. To be able to set goals and take initiatives to achieve them, to be creative and open to criticism and to have professional competencies at an advanced level.
11. P11 11. To have an advanced level of foreign language to follow and use the information in the field and to communicate with colleagues.
12. P12 12. To have advanced computer software and hardware knowledge required by the field of Accounting and Finance, and to be able to use information and communication technologies at an advanced level.
13. P13 13. To be able to use theoretical and practical knowledge gained in the field of Accounting and Finance at an advanced level.
14. P14 14. To be able to benefit from other fields that form the basis of financial policies and to understand the interaction between these disciplines.

Po-Lo Matrix