Syllabus
INSTRUCTOR : M. Mete DOÄžANAY (Ph.D)
TEXT : Blocher, J.E, K.H. Chen, G. Cokings, and T.W. Lin, Cost Management : A Strategic Emphasis, 3rd edition on newer, McGraw-Hill.
TIME AND PLACE : Thursday, 0940-1230, B-415
COURSE DESCRIPTION : This course builds upon the subjects learned in MAN 311-Management Accounting. Topics covered are: cost management and strategy, detailed examination of functional cost accounts, transfer accounts, and cost types based on Turkish Uniform Chart of Accounts, cost accounting journal entries with a special emphasis on labor and material costs, activity-based costing and management, customer profitability analysis, joint-product and by product costing, and marketing effectiveness and strategic profitability analysis.
EXAMS :
Two midterm exams: 30% each.
Final exam : 40%
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WEEK
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TOPICS
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1
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Cost Management and Strategy
- Basic cost concepts
- Functions of management and costs
- Strategic management and strategic cost management
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2-4
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Cost Accounting Journal Entries
- Functional cost accounts
- Cost types
- Cost pools
- Transfer accounts
- Cost accounting journal entries and transfer to the financial accounting by using transfer accounts
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5
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Material Costs
- Journalizing materials costs by using FIFO, weighted average and just-in time system
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6-7
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Labor Costs
- Components of labor costs
- Journalizing labor costs under job-costing and process costing systems
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8
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1st Midterm Exam
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9
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Activity-Based Costing and Management
- Basics of activity-based costing
- Activity-based cost management
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10
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Customer Profitability Analysis
- Importance of customer profitability analysis
- Customer revenue analysis
- Customer cost analysis
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11
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Joint Product and by product costing
- Definitions of joint product and by product
- Joint product costing methods
- By product costing methods
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12
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Standard Costing
- Essence of standard costing
- Accounts used in standard costing system
- Standard costing journal entries
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13-14
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Marketing Effectiveness, and Strategic Profitability Analysis
- Marketing variance analysis
- Strategic profitability analysis
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