Cost Systems

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

None

Course Contents

Candidates are provided with knowledge on cost concept and related concepts, traditional costing methods: job order costing, process costing,actual costing, standart costing, estimated costing, variable costing, absorption costing, direct costing, normal costing, contemporary costing methods: activity based costing, target costing, product life – cycle costing, just in time costing, costing and its relation with planning, decision making and control.

Weekly Schedule

1) Cost Concept and Related Concepts
2) Job Order Costing
3) Process Costing
4) Process Costing
5) Actual Costing, Standart Costing, Estimated Costing
6) Actual Costing, Standart Costing, Estimated Costing
7) Variable Costing, Absorption Costing
8) Midterm examination/Assessment
9) Direct Costing, Normal Costing
10) Relationships between Variable Costing, Absorption Costing, Direct Costing, Normal Costing
11) Activity Based Costing
12) Target Costing
13) Product Life – Cycle Costing
14) Just in Time Costing
15) Costing and its relations with planning, decision making and control.
16) Final examination

Recommended or Required Reading

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion
4) Demonstration
5) Group Study

Assessment Methods and Criteria

Contribution of Semester Studies to Course Grade	50%
Number Percentage Semester Studies Midterm Examination 1 70% Quiz 1 30%
Contribution of Final Examination to Course Grade	50%
Total	100%

Language of Instruction

Turkish

Work Placement(s)

Not Required