FACULTY OF BUSINESS
Accounting and Auditing Program
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 | DiscussionProblem SolvingQ&ALecture / 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;
|
| 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. |
|
|
Core Courses | |
| 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 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 | Allocation of Support Department Costs: Common Costs and Revenues | Datar&Rajan: Chapter 15 |
| 10 | Process Costing | Williams et al.: Chapter 18; Datar&Rajan: Chapter 18 |
| 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
|
20
|
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
30
|
| Final Exam |
1
|
50
|
| Total |
| Weighting of Semester Activities on the Final Grade |
2
|
50
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
50
|
| 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 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
NEWS |ALL NEWS
Transfer to the ‘Big Four’
4 young people who graduated from Faculty of Business, Izmir University of Economics (IUE) quickly climbed the ladder of success and transferred
Exemplary cooperation from IUE and PwC to support education
The agreement made with PwC firm will provide priority internship and job opportunities to the students of IUE Accounting and Auditing Program.
