Cost Accounting I

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

None.

Course Contents

This course provides students with the knowledge of the basic concepts of cost accounting and classification, raw material and supply costs, labor costs and overhead expenses, identification, examination of the features and elements, manufacturing costs and subcontracting costs related to production.

Weekly Schedule

1) Description of Accounting and Other Costs Associated With the Relationship Between Accounting Branch
2) Cost-Related Basic Concepts
3) Cost-Cost-spending Separations ,Study break-even Point ,Optimal Order Quantity
4) Cost of Sales and Income Statement with Table Relationship
5) The Uniform Accounting Plan 7 / A and 7 / B and Functioning of cost accounting
6) Classification of costs
7) Production Cost (Raw Material, Labor and Overhead)
8) Midterm examination/Assessment
9) The impact of costs, direct costs, and indirect costs in respect to production.
10) Inventory Tracking Cards, Average Cost, FIFO.
11) Inventory cards, Average Cost, FIFO
12) Calculation of raw material costs and accounting records
13) Labour Costs, Direct and Indirect Labour
14) Application 1
15) Application 2
16) Final examination

Recommended or Required Reading

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion
4) Group Study
5) Lab / Workshop

Assessment Methods and Criteria

Contribution of Midterm Examination to Course Grade	30%
Contribution of Final Examination to Course Grade	70%
Total	100%

Language of Instruction

Turkish

Work Placement(s)

Not Required