Information Package / Course Catalogue
Cost Accountıng
Course Code: IYO257
Course Type: Required
Couse Group: Short Cycle (Associate's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 4
Objectives of the Course

To learn cost methods according to cost, expenditure, spend concept; applying them to accounting according to uniform chart of accounts.

Course Content

The basic concepts of cost accounting, Cost accounting within the uniform accounting system, classifying the costs, manufacturing costs and it’s accounts, Manufacturing overhead costs and cost allocating, cost accounting systems

Name of Lecturer(s)
Lec. Durmuş Ali KIZILYALÇIN
Learning Outcomes
1.Expenses, costs and losses of the concepts can be distinguished
2.To organize cost accounts at production, service and trade companies
3.Application of cost centers and allocation process at production companies
4.Application of cost centers and allocation process at production companies
5.To learn and apply job-order costing method
6.To learn and apply process costing method
7.Can able to calculate unit production cost under assumption of process and job order costing
Recommended or Required Reading
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to cost accounting and the place of cost accounting among the accounting system
Week 1 - Preparation Work
Related chapter in the course book
Week 2 - Theoretical
Basic concepts related to cost accounting
Week 2 - Preparation Work
Related chapter in the course book
Week 3 - Theoretical
Statements of sales cost
Week 3 - Preparation Work
Related chapter in the course book
Week 4 - Theoretical
Classification of costs; manufacturing costs,
Week 4 - Preparation Work
Related chapter in the course book
Week 5 - Theoretical
Material Costs; Inventory Evaluation Method
Week 5 - Preparation Work
Related chapter in the course book
Week 6 - Theoretical
LIFO (Last-In-First-Out) and FIFO (First-In-First-Out)
Week 6 - Preparation Work
Related chapter in the course book
Week 7 - Theoretical
Average cost inventory evaluation methods
Week 7 - Preparation Work
Related chapter in the course book
Week 8 - Theoretical
Labor costs
Week 8 - Preparation Work
Related chapter in the course book
Week 9 - Theoretical
Labor costs (Midterm Exam)
Week 9 - Preparation Work
Related chapter in the course book
Week 10 - Theoretical
Manufacturing overhead costs
Week 10 - Preparation Work
Related chapter in the course book
Week 11 - Theoretical
The first step in allocating the manufacturing overhead costs
Week 11 - Preparation Work
Related chapter in the course book
Week 12 - Theoretical
The second and third steps in allocating the manufacturing overhead costs
Week 12 - Preparation Work
Related chapter in the course book
Week 13 - Theoretical
Job order costing system
Week 13 - Preparation Work
Related chapter in the course book
Week 14 - Theoretical
Process costing system
Week 14 - Preparation Work
Related chapter in the course book
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination110111
Final Examination117118
TOTAL WORKLOAD (hours)99
Contribution of Learning Outcomes to Programme Outcomes