Department of Business Administration

Cost Accounting(G231)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
G231 Cost Accounting 3 3 0 0 3 5
Prerequisites G132
Admission Requirements G132
Language of Instruction Turkish
Course Type Compulsory
Course Level Bachelor Degree
Course Instructor(s) Rüstem HACIRÜSTEMOĞLU rhacirustemoglu@gsu.edu.tr (Email)
Assistant
Objective The objective of the course is to inform students about cost accounting methods and cost accounting systems used in manufacturing companies
Content - Basic Concepts and Objectives of Cost Accounting
- Direct Materials
- Direct Labor
- Factory Overhead
- Calculating Total and Unit Costs
- Cost Accounting Journals under Uniform Chart of Accounts
- Periodic Costs, Statement of Cost of Goods Sold, Income Statement
- Absorption Costing, Direct Costing, Normal Costing
- Job Order Costing System
- Process Costing
- Cost Methods-Standard Costing
- Joint Products and By-Products
- Cost Accounting Systems for Decision Making
Course Learning Outcomes This course will provide to
1. Have information on basic concepts of cost accounting.
2. Describe and analyze cost accounting system of a company.
3. Identify how costs are recorded in accounting books and how costs are reported in financial statements.
4. Understand the techniques applied for cost calculation and develop cost reduction trategies.
5. Use cost information in decision-making processes and develop cost strategies.
Teaching and Learning Methods
References * Maliyet Muhasebesi-Prof. Dr. Rüstem Hacırüstemoğlu
* Cost Accounting-Polimeni, Ralph S.; Fabozzi, Frank J.; Adelberg, Arthur H.
* Cost Accounting: A Managerial Emphasis- Charles T. Horngren, George Foster, Srikant M. Datar
Print the course contents
Theory Topics
Week Weekly Contents
1 Basic Concepts and Objectives of Cost Accounting
2 Manufacturing Costs- Direct Materials
3 Manufacturing Costs- Direct Labor
4 Manufacturing Costs- Factory Overhead
5 Manufacturing Costs- Factory Overhead
6 Calculating Total and Unit Costs
7 Cost Accounting Journals under Uniform Chart of Accounts
8 Periodic Costs, Statement of Cost of Goods Sold, Income Statement
9 Cost Methods-Absorption Costing, Direct Costing, Normal Costing
10 Cost Methods-Job Order Costing System
11 Cost Methods-Process Costing
12 Cost Methods-Standard Costing
13 Joint Products and By-Products
14 Cost Accounting Systems for Decision Making
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 1 40
Contribution of final exam to overall grade 1 60
Toplam 2 100
In-Term Studies
  Number Contribution
Assignments 0 0
Presentation 0 0
Midterm Examinations (including preparation) 1 40
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 0 0
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 0 0
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Toplam 1 40
No Program Learning Outcomes Contribution
1 2 3 4 5
1 The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. X
1 The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. X
1 The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. X
2 The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. X
2 The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. X
2 The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. X
3 The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. X
3 The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. X
3 The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. X
4 The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. X
4 The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. X
4 The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. X
5 The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. X
5 The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. X
5 The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. X
6 Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. X
6 Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. X
6 Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. X
7 Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. X
7 Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. X
7 Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. X
8 Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages.
8 Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages.
8 Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages.
9 The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. X
9 The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. X
9 The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. X
10 Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. X
10 Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. X
10 Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. X
11 Consciousness of taking into account ethical values, when making decisions and being involved in business life. X
11 Consciousness of taking into account ethical values, when making decisions and being involved in business life. X
11 Consciousness of taking into account ethical values, when making decisions and being involved in business life. X
12 Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. X
12 Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. X
12 Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. X
Activities Number Period Total Workload
Class Hours 14 3 42
Working Hours out of Class 12 3 36
Assignments 10 2 20
Presentation 0 0 0
Midterm Examinations (including preparation) 1 9 9
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 14 14
Quiz 0 0 0
Term Paper/ Project 0 0 0
Portfolio Study 0 0 0
Reports 0 0 0
Learning Diary 0 0 0
Thesis/ Project 0 0 0
Seminar 0 0 0
Other 0 0 0
Total Workload 121
Total Workload / 25 4,84
Credits ECTS 5
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