COURSE INTRODUCTION AND APPLICATION INFORMATION


Course Name
Managerial and Cost Accounting
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 350
Fall
3
0
3
6
Prerequisites
None
Course Language
English
Course Type
Required
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Discussion
Problem Solving
Q&A
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives Cost accounting information adds value to an organization by improving managers’ decisions. This course mainly aims to explain the methods that would be used for the determination of costs, managerial planning, control and decision making. In other words the course provides the process of identifying, measuring and accumulating, analyzing, preparing, interpreting and communicating cost information that assists managers to fulfill organizational objectives. First the emphasis will be on cost information, how it is computed and then how it is used in decision-making.
Learning Outcomes The students who succeeded in this course;
  • Explain basic cost terms, concepts and classify costs
  • Prepare the statement of cost of goods sold for manufacturing companies.
  • Make cost- volume profit analysis
  • Calculate unit costs according to job order and process costing methods.
  • Allocate support department costs to production departments.
  • Prepare basic master budgets and flexible budgets to analyze basic direct cost and overhead variances.
  • Use cost information in short term decisions such as make-buy, limiting factors analysis.
Course Description Cost information and reports based on cost and management accounting technics guide management in decision making. The course presents the theory, procedures and practice relating to product costs, including job order, process and standard cost systems. Management accounting part of the course covers, CVP analysis, variable costing and absorption costing, budgeting and variance analysis methods to interpret accounting data in planning and controlling business activities. Additionally the course shows how accounting data supports short term decision making such as outsourcing decisions, using resources effectively when some factors are scarce.
Related Sustainable Development Goals

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 The Manager and Management Accounting Williams et al.: Chapter 16; Datar&Rajan: Chapter 1
2 Basic Cost Terms, Concepts and Classifications Williams et al.: Chapter 16; Datar&Rajan: Chapter 2
3 Financial Statements of Manufacturing Companies Williams et al.: Chapter 16; Datar&Rajan: Chapter 2
4 Cost, Volume, Profit Relationships Williams et al.: Chapter 20; Datar&Rajan: Chapter 3
5 Job-Order Costing Williams et al.: Chapter 17; Datar&Rajan: Chapter 4
6 Activity-Based Costing Williams et al.: Chapter 17; Datar&Rajan: Chapter 5
7 Activity-Based Costing Williams et al.: Chapter 17; Datar&Rajan: Chapter 5
8 Midterm Exam
9 Process Costing Williams et al.: Chapter 18; Datar&Rajan: Chapter 18
10 Allocation of Support Department Costs: Common Costs and Revenues Datar&Rajan: Chapter 15
11 Variable and Absorption Costing Datar&Rajan: Chapter 9
12 Basics of Master Budgets Williams et al.:Chapter 23; Datar&Rajan: Chapter 6
13 Basics of Flexible Budgets, Direct Cost and Overhead Variances Williams et al.: Chapter 23; Datar&Rajan: Chapter 7&8
14 Relevant Cost Analysis, Short-term Managerial Decisions (Limiting factors, make-buy decisions, etc.) Williams et al.:Chapter 21; Datar&Rajan: Chapter 12
15 Review of the Semester
16 Final exam
Course Notes/Textbooks

Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021), Financial & Managerial Accounting. The basis for business decisions, 19th Edition, McGraw-Hill Education, ISBN10: 1260247937 (Online book and assessment tool)

Suggested Readings/Materials

Horngren’s Cost Accounting: A Managerial Emphasis by Datar, Srikant M, Rajan, Madhav V., Pearson Prentice Hall, 17th edition

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
30
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
2
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
14
3
42
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
30
Final Exams
1
30
    Total
170

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire theoretical and practical knowledge and skills in the area.

X
2

To be able to approach problems with an analytical and holistic viewpoint.

X
3

To be able to gain knowledge about both national and international accounting and auditing standards.

X
4

To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats.

5

To be able to critically evaluate the performance of accounting and other related management information systems, and organizations.

6

To be able to develop innovative and creative approach to real-life business issues.

7

To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective.

X
8

To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing.

9

To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member.

10

To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions.

11

To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout the human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest