Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|---|---|---|---|---|
COST ACCOUNTING | MVU2133310 | Fall Semester | 3+0 | 3 | 4 |
Course Program |
Prerequisites Courses | |
Recommended Elective Courses |
Language of Course | Turkish |
Course Level | Short Cycle (Associate's Degree) |
Course Type | Required |
Course Coordinator | Lect. Nuri GÜLTEKİN |
Name of Lecturer(s) | Lect. Nuri GÜLTEKİN |
Assistant(s) | |
Aim | The aim of this course is to give an understanding of fundamental concepts of cost accounting, classification of costs, cost elements, cost centres and cost allocation methods. After taking this course, students are also expected to have a broader perspective on the role and use of cost accounting in manufacturing companies. |
Course Content | This course contains; General information about the aim and content of the course, differences between cost accounting and financial accounting,Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system.,Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts,Cost of Goods Sold and Income Statement,Identifying and recording direct and indirect material costs,Identifying and recording direct and indirect labour costs,Case studies 1,Classification of overhead costs; cost categories, cost centres and cost allocation,Cost allocation keys and cost allocation methods,Job order costing system,Process costing system,Differences between costing systems,Identification and recording of shrinkage and spoilage,Case studies 2. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. They will be able to compare the differences and similarities between the accounting practices of manufacturing and trade enterprises. | 6, 9 | A |
2. Understand the basic purposes of cost accounting and apply unit cost calculation techniques. | 6, 9 | A |
3. Will be able to identify cost elements, cost centers and apply cost distribution methods. | 6, 9 | A |
4. Calculate raw materials, labor and general production costs. | 6, 9 | A |
5. It will be able to apply cost accounting. | 6, 9 | A |
Teaching Methods: | 6: Experiential Learning, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam |
Course Outline
Order | Subjects | Preliminary Work |
---|---|---|
1 | General information about the aim and content of the course, differences between cost accounting and financial accounting | |
2 | Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system. | |
3 | Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts | |
4 | Cost of Goods Sold and Income Statement | |
5 | Identifying and recording direct and indirect material costs | |
6 | Identifying and recording direct and indirect labour costs | |
7 | Case studies 1 | |
8 | Classification of overhead costs; cost categories, cost centres and cost allocation | |
9 | Cost allocation keys and cost allocation methods | |
10 | Job order costing system | |
11 | Process costing system | |
12 | Differences between costing systems | |
13 | Identification and recording of shrinkage and spoilage | |
14 | Case studies 2 |
Resources |
HAFTACI Vasfi, Cost Accounting, Umuttepe Publications, Kocaeli, 2013 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications | |||||||
No | Program Qualification | Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
1 | Having adequate infrastructure in the fields of accounting, law, basic management, management and field; To gain theoretical and practical knowledge in these areas. | X | |||||
2 | Gains knowledge about occupational health and safety, environmental awareness and quality processes. | ||||||
3 | To be able to interpret and evaluate data, to identify and analyze data using the basic knowledge and skills acquired in the field, and to be able to develop evidence-based solutions. | X | |||||
4 | To be able to design, plan and carry out projects using professional environments and tools related to the field. | X | |||||
5 | Follows current developments and applications for his/her profession and uses them effectively. | ||||||
6 | Awareness of the necessity of life-long learning; To follow the developments in science and technology and to gain the consciousness of renewing itself continuously. | X | |||||
7 | To gain the application skills by examining the processes related to the field of public and private sector organizations on site. | X | |||||
8 | To be able to identify and effectively use the modern techniques, tools and information technologies required for applications related to the field. | ||||||
9 | Having a level of foreign language knowledge that can follow the innovations in the field of judge and field to effective communication techniques. | ||||||
10 | To be able to present his/her thoughts effectively through written and oral communication at the level of knowledge and skills and express them clearly. | ||||||
11 | To be able to produce solutions, to take responsibilities in teams or to be able to do individual work in case of encountering unforeseen situations in field related applications. | X | |||||
12 | To have a command of professional principles and legal legislation in performing accounting and tax services and to explain auditing and accounting standards. | ||||||
13 | Organize and analyze financial statements. | ||||||
14 | Relate accounting and tax information with disciplines such as economics, sociology and law. | ||||||
15 | Explains the procedures and principles regarding commercial information, documents, books and notifications and their applications in electronic media. |
Assessment Methods
Contribution Level | Absolute Evaluation | |
Rate of Midterm Exam to Success | 40 | |
Rate of Final Exam to Success | 60 | |
Total | 100 |
ECTS / Workload Table | ||||||
Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
Course Hours | 14 | 3 | 42 | |||
Guided Problem Solving | 5 | 16 | 80 | |||
Resolution of Homework Problems and Submission as a Report | 1 | 2 | 2 | |||
Term Project | 0 | 0 | 0 | |||
Presentation of Project / Seminar | 0 | 0 | 0 | |||
Quiz | 0 | 0 | 0 | |||
Midterm Exam | 1 | 3 | 3 | |||
General Exam | 1 | 3 | 3 | |||
Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
Total Workload(Hour) | 130 | |||||
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(130/30) | 4 | |||||
ECTS of the course: 30 hours of work is counted as 1 ECTS credit. |
Detail Informations of the Course
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|---|---|---|---|---|
COST ACCOUNTING | MVU2133310 | Fall Semester | 3+0 | 3 | 4 |
Course Program |
Prerequisites Courses | |
Recommended Elective Courses |
Language of Course | Turkish |
Course Level | Short Cycle (Associate's Degree) |
Course Type | Required |
Course Coordinator | Lect. Nuri GÜLTEKİN |
Name of Lecturer(s) | Lect. Nuri GÜLTEKİN |
Assistant(s) | |
Aim | The aim of this course is to give an understanding of fundamental concepts of cost accounting, classification of costs, cost elements, cost centres and cost allocation methods. After taking this course, students are also expected to have a broader perspective on the role and use of cost accounting in manufacturing companies. |
Course Content | This course contains; General information about the aim and content of the course, differences between cost accounting and financial accounting,Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system.,Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts,Cost of Goods Sold and Income Statement,Identifying and recording direct and indirect material costs,Identifying and recording direct and indirect labour costs,Case studies 1,Classification of overhead costs; cost categories, cost centres and cost allocation,Cost allocation keys and cost allocation methods,Job order costing system,Process costing system,Differences between costing systems,Identification and recording of shrinkage and spoilage,Case studies 2. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. They will be able to compare the differences and similarities between the accounting practices of manufacturing and trade enterprises. | 6, 9 | A |
2. Understand the basic purposes of cost accounting and apply unit cost calculation techniques. | 6, 9 | A |
3. Will be able to identify cost elements, cost centers and apply cost distribution methods. | 6, 9 | A |
4. Calculate raw materials, labor and general production costs. | 6, 9 | A |
5. It will be able to apply cost accounting. | 6, 9 | A |
Teaching Methods: | 6: Experiential Learning, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam |
Course Outline
Order | Subjects | Preliminary Work |
---|---|---|
1 | General information about the aim and content of the course, differences between cost accounting and financial accounting | |
2 | Difference between of cost, expense and loss, classification of costs, key steps to implement a cost accounting system. | |
3 | Chart of accounts used in cost accounting, recording and year-end closing procedures of cost accounts | |
4 | Cost of Goods Sold and Income Statement | |
5 | Identifying and recording direct and indirect material costs | |
6 | Identifying and recording direct and indirect labour costs | |
7 | Case studies 1 | |
8 | Classification of overhead costs; cost categories, cost centres and cost allocation | |
9 | Cost allocation keys and cost allocation methods | |
10 | Job order costing system | |
11 | Process costing system | |
12 | Differences between costing systems | |
13 | Identification and recording of shrinkage and spoilage | |
14 | Case studies 2 |
Resources |
HAFTACI Vasfi, Cost Accounting, Umuttepe Publications, Kocaeli, 2013 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications | |||||||
No | Program Qualification | Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
1 | Having adequate infrastructure in the fields of accounting, law, basic management, management and field; To gain theoretical and practical knowledge in these areas. | X | |||||
2 | Gains knowledge about occupational health and safety, environmental awareness and quality processes. | ||||||
3 | To be able to interpret and evaluate data, to identify and analyze data using the basic knowledge and skills acquired in the field, and to be able to develop evidence-based solutions. | X | |||||
4 | To be able to design, plan and carry out projects using professional environments and tools related to the field. | X | |||||
5 | Follows current developments and applications for his/her profession and uses them effectively. | ||||||
6 | Awareness of the necessity of life-long learning; To follow the developments in science and technology and to gain the consciousness of renewing itself continuously. | X | |||||
7 | To gain the application skills by examining the processes related to the field of public and private sector organizations on site. | X | |||||
8 | To be able to identify and effectively use the modern techniques, tools and information technologies required for applications related to the field. | ||||||
9 | Having a level of foreign language knowledge that can follow the innovations in the field of judge and field to effective communication techniques. | ||||||
10 | To be able to present his/her thoughts effectively through written and oral communication at the level of knowledge and skills and express them clearly. | ||||||
11 | To be able to produce solutions, to take responsibilities in teams or to be able to do individual work in case of encountering unforeseen situations in field related applications. | X | |||||
12 | To have a command of professional principles and legal legislation in performing accounting and tax services and to explain auditing and accounting standards. | ||||||
13 | Organize and analyze financial statements. | ||||||
14 | Relate accounting and tax information with disciplines such as economics, sociology and law. | ||||||
15 | Explains the procedures and principles regarding commercial information, documents, books and notifications and their applications in electronic media. |
Assessment Methods
Contribution Level | Absolute Evaluation | |
Rate of Midterm Exam to Success | 40 | |
Rate of Final Exam to Success | 60 | |
Total | 100 |