BUSINESS ADMINISTRATION (TURKISH) | |||||
Associate | TR-NQF-HE: Level 5 | QF-EHEA: Short Cycle | EQF-LLL: Level 5 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ENM4101 | Cost Accounting for Engineers | Spring Fall |
3 | 0 | 3 | 6 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Associate (Short 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. |
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 |
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 |
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 |
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 |
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 |
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 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | He/she applies theoretical business management knowledge on business life. | |
2) | He/she uses business management function and applies and follows new management technics. | |
3) | He/she performs legal responsibilities of business, follows and applies legislation. | |
4) | He/she can use information and communication tecnologies that necessary for their area, follows technological change and applies new technologies to business system. | |
5) | He/she determines, analyses and solves problems that appear in vocational applications. | |
6) | He/she manages business finance, analyses business financial situation, and solves financial problems. | |
7) | He/she gains management skill by managing and enhanging human resource effectively in accordance with business aims. | |
8) | He/she can understand production and marketing functions as a whole, applies new production and marketing techniques. | |
9) | He/she calculates cost, makes entry, prepares and interprets financial statements. | |
10) | He/she has vocational ethical value that market needs in qualified staff, can use Turkish effectively in writing and speaking communication; have proficiency in foreign language knowledge to making international correspond. | |
11) | He/she follows and applies vocational current and economic developments in national and international area. | 2 |