| International Trade and Business (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code: | MNG208 | ||||
| Course Name: | Cost and Managerial Accounting | ||||
| Semester: | Spring | ||||
| Course Credits: |
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| Language of instruction: | English | ||||
| Course Condition: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Compulsory Courses | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator: | Prof. Dr. NAZLI KEPÇE | ||||
| Course Lecturer(s): | Kadri Özgüneş | ||||
| Course Assistants: |
| Course Objectives: | The objective of the course is to acquaint each student with the basic elements of Cost & Managerial Accounting with a focus on relevant information for business decision making. Cost accounting is a process of recording, analyzing and reporting all of a company’s both variable and fixed costs related to the production of a product. By having accurate and well-designed cost accounting standards the management of the companies would be able to take better and well-measured business decisions. Management accounting refers to accounting information developed for managers within an organization. In other words, management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting, and communicating information that helps managers fulfill organizational objectives. The management makes use of all related accounting information for decision making purposes. Decision making is the purposeful choice from among a set of alternative courses of action designed to achieve the objectives and is the core of the management process. This course is designed to clearly present the basic concepts and techniques of management accounting. |
| Course Content: | Preparing annual reports, accounting for merchandising and cost of goods sold, cost accounting systems, costing and the value chain, cost-volume-profit analysis, incremental analysis, responsibility accounting and transfer pricing, operational budgeting, standard cost systems, planning information systems and managerial control systems, using accounting information for decision making, techniques for estimating fixed and variable costs, budgeting process, bridging planning and control, cash budgeting, budgetary control and variance analysis. |
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The students who have succeeded in this course;
1) Be familiar with basic accounting concepts 2) Detects and interprets critical steps and issues in accounting 3) Have a basic understanding and knowledge of how to identify critical issues in accounting and how to deal with them |
| Week | Subject | Related Preparation |
| 1) | Introduction to Managerial Accounting | |
| 2) | Management Accounting: Cost objects, direct costs, indirect costs and product costs. Product and period costs in financial statements. | |
| 3) | Job Costing: Accounting for manufacturing overhead, accounting for finished goods, sales and COGS. Allocation of manufacturing overhead. | |
| 4) | Process Costing: Conversion costs and equivalent units. Process costing for a second department. FIFO, LIFO and weighted average methods. | |
| 5) | Cost-Volume-Profit Analysis: Variable, fixed and mixed costs. Contribution margin income statement. Breakeven analysis. | |
| 6) | The Master Budget: Preparing the master budget. | |
| 7) | The Master Budget: Preparing the master budget – Cont’d | |
| 8) | Flexible Budgets and Standard Costs: The flexible budget and variance analysis. Standard costing. | |
| 9) | Activity-Based Costing: Developing an activity-based costing system. Using activity-based costing for decision making. | |
| 10) | National Holiday- 23 April National Sovereignty and Children's Day | |
| 11) | Activity-Based Costing – Cont’d | |
| 12) | Capital Investment Decisions | |
| 13) | National Holiday -12-15 May Eid Ramadan | |
| 14) | National Holiday -19 May Commemoration of Atatürk, and Youth and Sports Day | |
| 15) | Fİnal |
| Course Notes / Textbooks: | Horngree’s Accounting 12th edition, Pearson |
| References: | Horngree’s Accounting 12th edition, Pearson |
| Course Learning Outcomes | 1 |
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| Program Outcomes | |||||||||||||
| 1) Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics, | |||||||||||||
| 2) Possess the knowledge and skills related to different functions and interactions of international business and trade. | |||||||||||||
| 3) Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods. | |||||||||||||
| 4) Use different theoretical approaches to understanding and solving various business and trade problems. | |||||||||||||
| 5) Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment. | |||||||||||||
| 6) Understands the value of developing new trade projects and generating strategies within international market needs. | |||||||||||||
| 7) Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively. | |||||||||||||
| 8) Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | |||||||||||||
| 9) Develops teamwork, negotiation, leadership and entrepreneurship skills. | |||||||||||||
| 10) Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge. | |||||||||||||
| 11) Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them. | |||||||||||||
| 12) Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms. | |||||||||||||
| 13) Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field. | |||||||||||||
| No Effect | 1 Lowest | 2 Average | 3 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics, | |
| 2) | Possess the knowledge and skills related to different functions and interactions of international business and trade. | |
| 3) | Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods. | |
| 4) | Use different theoretical approaches to understanding and solving various business and trade problems. | |
| 5) | Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment. | |
| 6) | Understands the value of developing new trade projects and generating strategies within international market needs. | |
| 7) | Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively. | |
| 8) | Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | |
| 9) | Develops teamwork, negotiation, leadership and entrepreneurship skills. | |
| 10) | Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge. | |
| 11) | Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them. | |
| 12) | Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms. | |
| 13) | Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field. |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 14 | % 10 |
| Quizzes | 4 | % 20 |
| Midterms | 1 | % 30 |
| Final | 1 | % 40 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| total | % 100 | |
| Activities | Number of Activities | Workload |
| Course Hours | 14 | 42 |
| Application | 14 | 42 |
| Study Hours Out of Class | 14 | 14 |
| Presentations / Seminar | 2 | 6 |
| Quizzes | 4 | 12 |
| Midterms | 2 | 16 |
| Final | 3 | 21 |
| Total Workload | 153 | |