FACULTY OF BUSINESS

Department of Business Administration

BA 350 | 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 -
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.
  • Separate fixed and variable portions of full cost.
  • 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.

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 The Accountant’s Role in the Organization- Basic Cost Terms, Concepts and Classifications Chapter 1-2
2 Basic Cost Terms, Concepts and Classifications (continued) - Financial Statements of Manufacturing Companies Chapter 2
3 Financial Statements of Manufacturing Companies (continued) Chapter 2
4 Cost Behaviour: Analysis and Use – Separation of fixed and variable elements of full cost Chapter 10
5 Cost, Volume, Profit Relationships Chapter 3
6 Allocation of Support Department Costs to Production Departments Chapter 15
7 Job-Order Costing Chapter 4
8 Midterm Exam
9 Process Costing Chapter 17
10 Process Costing Chapter 17
11 Variable and Absorption Costing Chapter 9
12 Basics of Master Budgets Chapter 6
13 Basics of Flexible Budgets, Direct Cost and Overhead Variances Chapter 7-8
14 Relevant Cost Analysis, Short-term Managerial Decisions (Limiting factors, make-buy decisions, etc.) Chapter 11
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

Cost Accounting: A Managerial Emphasis by Hongren, Datar, Foster, Rajan, Ittner, Pearson Prentice Hall, 14th 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 Exams
Midterm
1
35
Final Exam
1
35
Total

Weighting of Semester Activities on the Final Grade
2
65
Weighting of End-of-Semester Activities on the Final Grade
1
35
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
14
3
42
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
1
32
32
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
20
20
Final Exam
1
28
28
    Total
170

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

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

To be able to solve problems with an analytical and holistic viewpoint in the field of business administration.

X
2

To be able to present the findings and solutions to the business problems in written and oral formats.

X
3

To be able to interpret the application of business and economic concepts, and philosophies at the national and international levels.

X
4

To be able to use innovative and creative approach for real-life business situations.

5

To be able to demonstrate leadership skills in different business situations.

6

To be able to interpret the reflections of new technologies and softwares to business dynamics.   

7

To be able to integrate knowledge gained in the five areas of business administration (marketing, production, management, accounting, and finance) through a strategic perspective.

X
8

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

9

To be able to work efficiently and effectively as a team member.

10

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

 


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