FACULTY OF BUSINESS

Accounting and Auditing Program

ACC 450 | Course Introduction and Application Information

Course Name

Advanced Management Accounting

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ACC 450	Fall/Spring	3	0	3	6

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	-
Teaching Methods and Techniques of the Course	Discussion Problem Solving Case Study Q&A Lecture / Presentation
Course Coordinator	-
Course Lecturer(s)	-
Assistant(s)	-

Course Objectives	This course aims students to improve their basic knowledge in cost and management accounting area by providing advanced management accounting technics where they can use for higher level strategic and managerial decisions. The course emphasizes that the accountants are one of the members of crossfunctional teams as they are essential for modern business environment.
Learning Outcomes	The students who succeeded in this course; Estimate costs methodologically. Understand value chain costs. Analyze capacity costs to manage idle capacity. Understand the costing approach in lean manufacturing environments. Analyze and report environmental costs. Analyze and report the cost of quality. Explain value creation process for shareholders. Improve their decision making, judgmental and analytical skills
Course Description	This advanced level managerial accounting course covers relationships between strategy and management accounting, cost estimation, value chain costing, business process reengineering, target costing, measuring and managing cost of quality, cost of capacity, environmental costs, analyzing cost in lean manufacturing environment, measuring and managing shareholder value.

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

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week	Subjects	Related Preparation
1	Strategy and Management Accounting	Selected Readings
2	Cost Estimation	Selected Readings
3	Value Chain Costing	Selected Readings
4	Business Process Reengineering	Selected Readings
5	Target Costing	Selected Readings
6	Target Costing – Case studies	Selected Readings
7	Measuring and Managing Capacity Costs	Selected Readings
8	Midterm Exam
9	Measuring and Managing Quality Costs	Selected Readings
10	Measuring and Managing Quality Costs – Case studies	Selected Readings
11	Measuring and Managing Environmental Costs	Selected Readings
12	Management Accounting In the Age of Lean Production	Selected Readings
13	Management Accounting In the Age of Lean Production	Selected Readings
14	Measuring and Managing Shareholder Value Creation	Selected Readings
15	Measuring and Managing Shareholder Value Creation	Selected Readings
16	Review of the semester

Course Notes/Textbooks	Management Accounting: A Strategic Focus, Shahid Ansari, Janice Bell, Thomas Klammer, 2004, Cengage Learning.
Suggested Readings/Materials	Statements of Management Accounting, IMA (Institute of Management Accountants), http://www.imanet.org/

EVALUATION SYSTEM

Semester Activities	Number	Weigthing
Participation	1	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	1	10
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm	1	40
Final Exam	1	40
Total

Weighting of Semester Activities on the Final Grade		50
Weighting of End-of-Semester Activities on the Final Grade		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			0
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments	1	30	30
Presentation / Jury			0
Project			0
Seminar / Workshop			0
Oral Exam			0
Midterms	1	40	40
Final Exam	1	50	50
		Total	168

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to acquire theoretical and practical knowledge and skills in the area.
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.
4	To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats.			X
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.
8	To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing.		X
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

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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.

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