LOGISTICS (TURKISH)
Associate	TR-NQF-HE: Level 5	QF-EHEA: Short Cycle	EQF-LLL: Level 5

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
ENM4101	Cost Accounting for Engineers	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:	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.

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)	To have knowledge about logistics operations and the basic legislation
2)	To have knowledge about the politics, corporations and the developments in logistics.
3)	To have knowledge about the economical life and the basic features of the enterprises that take place in logistics sector.
4)	To have knowledge about the documents that are used in logistics and how to prepare them.
5)	To have knowledge about the new marketing and sales techniques and the principles of opening to new markets.
6)	To have knowledge and consciousness about the job security, worker health and environment protection in logistics sector.
7)	To have knowledge and consciousness about the basic legal attainments, social responsibility, ethics and social security rights in logistics.
8)	To be involved in communication network in logistics sector and follow the developments.	2
9)	To have the ability to comment and evaluate the classical and current theories by taking into account the developments in logistics and supply chain areas.
10)	To have the basic knowledge about foreign trade and customs legislation.
11)	To have knowledge about relationship between foreign trade and logistics management.
12)	To have basic knowledge in at least one foreign language.
13)	He/she can use information and communication tecnologies that necessary for their area, follows technological change and applies new technologies to business system.