GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION

COST ACCOUNTING/7380007

Course Title:	COST ACCOUNTING
Credits	3	ECTS	7.5
Semester	1	Compulsory/Elective	Compulsory

COURSE INFO

-- LANGUAGE OF INSTRUCTION

Turkish

-- NAME OF LECTURER(S)

Prof. H. Kamil BUYUKMIRZA, Ph.D, MBA, CPA

-- WEB SITE(S) OF LECTURER(S)

http://websitem.gazi.edu.tr/site/bmirza

-- EMAIL(S) OF LECTURER(S)

bmirza@gazi.edu.tr

-- LEARNING OUTCOMES OF THE COURSE UNIT

Obtains knowledge on the structure, design and operation of cost accounting system.
Learns ways of solution to problems encountered during cost determination.
Enables the creation of strategic cost management database in enterprise.
Makes resource budgeting and budgeting activities using advanced cost data tables.

-- MODE OF DELIVERY

Face to face education.

-- PREREQUISITES AND CO-REQUISITES

There is no prerequisite or co-requisite for this course.

-- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS

There is no recommended optional program component for this course.

--COURSE CONTENT
1. Week	Introduction: Nature and scope of cost accounting.
2. Week	Terms: Cost, expense, expenditure, consumption, loss. Classifications: Accounting and opportunity cost, investment and operating costs, product and pe
3. Week	Flow of revenues and costs to financial statements.
4. Week	Development of cost accounts in a cost accounting system.
5. Week	Operation of main cost accounts: Option 7/A in Uniform Accounting System
6. Week	Operation of subsidiary cost accounts: Option 7/A in Uniform Accounting System. Option 7/A in service industries. Cost records in 7/B.
7. Week	Cost accumulation: materials, labor, depreciation and other costs.
8. Week	Mid-Term Exam.
9. Week	Cost centers and cost allocation among cost centers.
10. Week	Cost application to products: Full absorption, normal absorption and variable costing. Job costing.
11. Week	Predetermined overhead rates in job costing. Activity-based costing.
12. Week	Cost application to products: Process costing.
13. Week	Spoilage, defective units, waste and scrap.
14. Week	Costing joint products and by-products.
15. Week	Standard costing.
16. Week	Final exam

-- RECOMMENDED OR REQUIRED READING

Kamil Büyükmirza "Maliyet ve Yönetim Muhasebesi” Gazi Kitabevi, 17. Baskı, 2012. Charles T. Horngren, Srikant M. Datar, George Foster "Cost Accounting - A Managerial Emphasis" 11th Edition

-- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS

Lecture, Question & Answer, Drill-Practice.

-- WORK PLACEMENT(S)

None

-- ASSESSMENT METHODS AND CRITERIA

	Quantity	Percentage
Mid-terms	1	50
Assignment	0	0
Exercises	0	0
Projects	0	0
Practice	0	0
Quiz	0	0
Contribution of In-term Studies to Overall Grade		50
Contribution of Final Examination to Overall Grade		50

-- WORKLOAD

Efficiency	Total Week Count	Weekly Duration (in hour)	Total Workload in Semester
Theoretical Study Hours of Course Per Week	14	3	42
Practising Hours of Course Per Week			0
Reading	14	3	42
Searching in Internet and Library	14	3	42
Designing and Applying Materials			0
Preparing Reports			0
Preparing Presentation			0
Presentation			0
Mid-Term and Studying for Mid-Term	2	4	8
Final and Studying for Final	2	4	8
Other	10	4	40
TOTAL WORKLOAD:			182
TOTAL WORKLOAD / 25:			7.28
ECTS:			7.5

-- COURSE'S CONTRIBUTION TO PROGRAM

NO	PROGRAM LEARNING OUTCOMES	1	2	3	4	5
1	Learns the fundamental principles and concepts of accounting and knows fundamental accounting theories and compares them with the modern theories				X
2	Learns the functions and operations of national and international accounting regulations					X
3	Gains the ability of analyzing and solving all sorts of possible accounting problems that firms confront with				X
4	Comprehends the proper costing analysis for management decisions. Knows the fundamental accounting principles and financial statement analysis and analyzes special topics in joint venture accounting and understands their applications in accounting					X
5	Learns both fundamental and contemporary topics in cost accounting through up to date cases		X
6	Learns financial reporting standards and makes comparative analysis and applications.			X
7	Learns advanced business accounting and cost accounting. Analyzes complicated topics such as accounting of financial instruments.					X
8	Learns the fundamental principles and concepts of financial management	X
9	Follows up to date academic papers and new trends in financial management				X
10	Learns the working capital management and management of short term liabilities and current assets			X
11	Understands the financial and econometric models to value stocks and bonds and apply these models to the financial instruments in the market				X
12	Learns new financial instruments and derivatives market. Knows the valuation of financial derivatives.			X
13	Gains practical and teoretical financial information necessary for an entrepreneur to evaluate alternative investments, to make investment decision and management of investment			X
14	Deeply review the literature regarding the cost of capital, optimal capital structure and dividend policies	X
15	Gets comprehensive knowledge of auditing and learns independent auditing standards and their applications				X

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GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR