COST ACCOUNTING-I

Course Description

The aims of this course are mainly to prepare students with a good understanding on the empirical foundation of cost accounting. In addition, this course prepares students with an overview of the principle of cost accounting and its application. By the completion of the course the students should be able to evaluate production decisions in light of costs and benefits and prepare budgetary cost with respect to management control. Also, the following topics will be covered; the Manager and Management Accounting, an Introduction to Cost Term and Purposes, Cost Volume Profit Analysis, Job Costing, Activity Based Costing and Activity Based Management, Master Budget and Responsibility Accounting and Flexible Budgets, Direct-cost Variances and Management Control.

COST ACCOUNTING-I

Evaluation Tools (Active Term)

Course outcomes

1. 01 The students should be able to evalute production decesionsin light of costs and benefits
2. 02 The students should be able to prepare budgetary cost with respect to management control.

Course Syllabus

Reference Books & Course Materials

1. 01 Lanen, Anderson and Maher, 2014, Fundamental of Cost Accounting. Mc Graw-Hill.

Learning Outcomes

1. L01 The students should be able to evalute production decesionsin light of costs and benefits
2. L02 The students should be able to prepare budgetary cost with respect to management control.
3. L03 Explain the basic concept of cost and how costs are presented in financial statements, SOLO 3
4. L04 Analyzing the distinction between financial and contribution margin income statements, SOLO 4
5. L05 Applying differential analysis to pricing and production decisions. SOLO 4
6. L06 using cost-volume-profit(CVP) analysis to analyze decision and incorporate taxes, multiple products, and alternative cost structure into CVP analysis SOLO 4
7. L07 Evaluating the advantages and disadvantages of alternative cost estimation methods SOLO 5
8. L08 Discuss how cost allocation is used in a cost management system and how a basic product costing system works SOLO 5
9. L09 Describe the three basic types of product costing systems: job order, Process, and operations. SOLO 3

Program Outcomes

1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

Po-Lo Matrix