INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Management
2014-2015

SYLLABUS
Code Name Level Year Semester
BAF 224 Cost Accounting Undergraduate 2 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 5 2 + 1 0 English

Instructor Assistant Coordinator
Sanel Halilbegović, Assist. Prof. Dr. Elvisa Buljubašić Uğur ERGUN, Assoc. Prof. Dr.
[email protected] [email protected] no email

The course focuses on a global view of Cost Accounting. The course will take both a practical and theoretical approach. It provides key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focusing on basic concepts, analyses, uses, and procedures instead of procedures alone, we recognize cost accounting as a managerial tool.

COURSE OBJECTIVE
This course is designed to describe the cost concepts, cost behaviours, and cost accounting techniques that are applied to manufacturing and service businesses. It applies cost concepts and cost behaviours in the solving of management decision.

COURSE CONTENT
Week
Topic
  1. Cost Terms, Concepts and Classifications General cost calssifications Product costs versus period costs Cost classifications on financial statements Cost classifications for assigning costs to cost objects Cost classifications for decision making Excercises
  2. Systems Design Job-Order Costing Excercises
  3. Systems Design Process Costing Comparison of Job-order and Process costing Excercises
  4. Cost-Volume Profit Relations The basics of cost-volume profit analysis Break-even analysis Excercises
  5. Problem solving sessions
  6. Problem solving sessions
  7. Overview
  8. MID-TERM EXAM
  9. Variable Costing: A Tool for Management Overview of absorption and variable costing Income comparison of absorption and variable costing Excercises
  10. Activity-Based Costing: A Tool to Aid Decision Making How costs are treated under activity-based costing Designing an activity-based costing system The mechanics of activity-based costing Excercises
  11. Standard Costs and the Balanced Scorecard Standard cost – Management by Exception Setting standard costs Using standard costs-Direct materials variances Using standard costs-Direct labor variances Using standard costs-Variable manufacturing overhead variances Balances Scorecard
  12. Problem solving sessions
  13. Guest lecture
  14. Overview
  15. FINAL EXAM

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Lectures
    • Practical Sessions
    • Excersises
    • Presentation
    • Seminar
    Description (%)
    Method Quantity Percentage (%)
    Quiz220
    Homework15
    Midterm Exam(s)125
    Final Exam150
    Total: 100
    Learning outcomes
    • Identify and calculate different types of costs (direct, indirect, variable and fixed costs)
    • Determine the product cost by means of full-costing and direct-costing methods
    • Distinguish between job-costing and process-costing
    • Prepare and interpret a cost-volume-profit graph
    • Distinguish between variable and activity based costing
    TEXTBOOK(S)
    • Garrison, H. R., Noreen, W.E. and Brewer, C.P. (2008). Managerial Accounting. Twelfth Edition. McGraw – Hill. (Compulsory)
    • - Kinney M.R. and Raiborn C.A.(2012). Cost Accounting: Foundations and Evolutions.Cengage Learning; 9 edition. (Axiliary)

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week) 0
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week) 0
    Midterm Examination (1 week) 0
    Final Examination(1 week) 0
    Preparation for Midterm Examination 0
    Preparation for Final Examination 0
    Assignment / Homework/ Project 0
    Seminar / Presentation 0
    Total Workload: 0
    ECTS Credit (Total workload/25): 0