COST & MANAGEMENT ACCOUNTING

Course Description

Objectives of this course are mainly to prepare students with a good understanding on the empirical foundation of cost accounting and decision-making skills for managers by concentrating on the concepts and practices of managerial accounting. 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 & MANAGEMENT ACCOUNTING

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 understand financial accounting
2. 02 understand cost concepts
3. 03 learn the techniques for cost management
4. 04 understand and use accounting information for planning, control and decision-making
5. 05 understand strategic cost management

Course Syllabus

Reference Books & Course Materials

1. 01 Management and Cost Accounting, Colin Drury, Cengage Learning, 2012, ISBN: 978-1-4080-4180-2
2. 02 Accounting: The Basis for business decisions, Meigs&Williams&Haka&Bettner, McGrawHill, 1996
3. 03 Cost Accounting, Horngren&Foster&Datar, Prentice Hall, 8th Edition, 1994

Learning Outcomes

1. L01 understand financial accounting
2. L02 understand cost concepts
3. L03 learn the techniques for cost management
4. L04 understand and use accounting information for planning, control and decision-making
5. L05 understand strategic cost management

Program Outcomes

1. P01 Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in complex engineering problems.
2. P02 Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
3. P03 Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose.
4. P04 Ability to devise, select, and use modern techniques and tools needed for analysing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively
5. P05 Ability to design and conduct experiments, gather data, analyse and interpret results for investigating complex engineering problems or discipline specific research questions.
6. P06 Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7. P07 Ability to communicate effectively in Turkish, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.
8. P08 Recognition of the need for lifelong learning ; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9. P09 Consciousness to behave according to ethical principles and professional and ethical responsibility; knowledge on standards used in engineering practice.
10. P10 Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development.
11. P11 Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions.

Po-Lo Matrix