ENM4101 Cost Accounting for EngineersBahçeşehir UniversityDegree Programs MANAGEMENT ENGINEERINGGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
MANAGEMENT ENGINEERING
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ENM4101 Cost Accounting for Engineers Fall
Spring
3 0 3 6
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Departmental Elective
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi MEHMET EMİN YILDIZ
Recommended Optional Program Components: N/A
Course Objectives: ENM 4101 covers the concepts and theories of cost accounting. It starts with introducing the concept of cost, how cost is determined and how it is related to financial statements and capital budgeting process. Similarities and differences between manufacturing and merchandising are covered. The course presents different methods of cost accounting methods such as process costing, job costing, activity based costing. Throughout the course the cost volume profit and variance analysis accompany the subjects covered. The course concludes with pricing and relevant cost concepts in order to provide a link to the following Managerial Accounting course.

Learning Outcomes

The students who have succeeded in this course;
After completing this course students will be able to:

I. . Introducing the fundamentals of cost accounting,
II. Explain the various tools used to evaluate, analyze and study the cost structure of a manufacturing and merchandising firm.
III. Explaining how various methods of cost accounting applies on a case base,
IV. Providing knowledge of variance analysis,
V. Providing knowledge of cost profit analysis
VI. Explaining how alternative approaches in cost accounting could generate differences in results

Course Content

1st Week An Introduction to Cost Terms and Purposes
2nd Week Cost–Volume–Profit Analysis
3rd Week Job Costing
4th Week Activity-Based Costing and Activity-Based Management
5th Week 1st Mid Term & Solving The Mid Term in class
6th Week Master Budget and Responsibility Accounting 
7th Week Flexible Budgets, Direct-Cost Variances, and Management Control
8th Week Flexible Budgets, Overhead Cost Variances, and Management Control
9th Week Flexible Budgets and Variances
10th Week 2nd Mid Term & Solving The Mid Term in class
11th Week Strategy, Balanced Scorecard, and Strategic Profitability Analysis
12th Week Pricing Decisions and Cost Management
13th Week Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
14th Week Cost Allocation: Joint Products and Byproducts

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction of the concept of cost N/A
2) How to apply job order costing N/A
3) How to apply process costing N/A
4) Cost, volume, profit relationships are introduced N/A
5) Activity Based Costing will be introduced N/A
6) N/A N/A
7) Preparation of budgeting tables and interpretation of them N/A
8) Types of variances, calculation of variances and interpretation of them N/A
9) Types of variances, calculation of variances and interpretation of them N/A
10) N/A N/A
11) Relevant and irrelevant cost. How to distinguish between two. The problems that may arise if cost is misinterpreted N/A
12) Cost price relationship, capital invested and fixed profit margin N/A
13) How to decide which customer is more profitable. Customer specific cost allocation N/A
14) N/A Students are expected to review the material they wish to be review upon class

Sources

Course Notes / Textbooks: Horngren C.T., Datar S.M., Rajan M.V., Cost Accounting; A Managerial Emphasis, Pearson ed., 16th ed., 2018
References: N/A

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance 1 % 8
Homework Assignments 10 % 20
Midterms 2 % 32
Final 1 % 40
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 13 3 39
Study Hours Out of Class 3 18 54
Homework Assignments 10 4 40
Midterms 1 3 3
Final 1 3 3
Total Workload 139

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Build up a body of knowledge in mathematics, science and engineering subjects; use theoretical and applied information in these areas to model and solve engineering problems. 5
2) identify, formulate, and solve complex engineering problems; select and apply proper analysis and modeling methods for this purpose. 5
3) Design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues, according to the nature of the design.) 3
4) Devise, select, and use modern techniques and tools needed for engineering management practice; employ information technologies effectively.
5) Design and conduct experiments, collect data, analyze and interpret results for investigating engineering management problems.
6) Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working independently. 3
7) Demonstrate effective communication skills in both oral and written English and Turkish. 3
8) Recognize the need for lifelong learning; show ability to access information, to follow developments in science and technology, and to continuously educate him/herself.
9) Develop an awareness of professional and ethical responsibility.
10) Know business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development.
11) Know contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; recognize the legal consequences of engineering solutions.
12) Develop effective and efficient managerial skills.