ISL 332 - Cost Accounting

Faculty of Business and Management Sciences · Business Administration · Undergraduate

ECTS: 5 T+P+L: 3+0+0 Departmental Elective
Coordinator:

Course Objective

It is aimed to teach cost accounting registration methods in Turkish GAAP (7 / A and 7 / B options) and to report cost information.

Course Content

The course comprises of the definition of cost accounting and its basic concepts, objectives, classification of cost elements, accounting, expense distribution methods, unit cost calculation methodsand cost, volume, profit analysis.

Course Learning Outcomes

  1. The ability to calculate costs in a job order and a process cost accounting system and understand how the costsflow through the system.
  2. An understanding of the types of budgets and be able to prepare operating budgets, financial budgets and capitalbudget.
  3. General production expenses, indirect expenses problem
  4. Material costs, labor costs
  5. Accounts in cost accounting, transfer from accounts to financial tables
  6. An understanding of the types of costs and how they behave in order to calculate cost-volume-profitrelationships.
  7. Secondary Distribution
  8. Introduction to Managerial accounting, differences between managerial and general accounting, importance of managerial accounting in business management, notion of cost, division of cost, difference between loss and expense

Core Area Distribution

(34) Business and Administration%50 (46) Mathematics and Statistics%50