Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
-1ITF253Cost Accounting3+0+03618.08.2026

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program International Trade and Finance (Eng)
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course The objective of this course is to describe, use and evaluate methods of cost identification, accumulation, allocation and disclosure.
Course Content Topics covered include: Cost accounting principles and terminology, Cost Allocation, Joint and By-Product Costing, Process Costing, Inventory Management, Just-in-Time Inventory.
Course Methods and Techniques Lecture, Case Study, Problem Solving, Individual Work
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof. Fatma Dural fatma.dural@gedik.edu.tr
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Vanderbeck, E. J. (2010). Principles of Cost Accounting.
Course Notes Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) and lecture notes available at: ue.gedik.edu.tr

Course Category
Mathematics and Basic Sciences %25
Field %75

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Quizzes 2 % 20
Final examination 1 % 50
Total
4
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 3 42
Mid-terms 1 20 20
Practice 2 12 24
Final examination 1 25 25
Total Work Load   Number of ECTS Credits 6 153

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Explain the uses of cost accounting information
2 Illustrate basic cost accounting procedures.
3 Account for materials, labor costs, factory overhead costs and relate them accounting to the general ledger
4 Prepare a cost of production summary and journal entries
5 Assign costs to inventories

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to cost accounting (1.Teaching Method) Research the components of the production cost of a daily consumer product (e.g., a coffee or a pizza). Discussion about the difference between "raw materials" and "overhead costs" in the first session. Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 1, (pages:4-18)
2 COGS and Elements of Manufacturing Costs (1.Teaching Method) Reviewing Financial Accounting principles (Balance Sheet and Income Statement items). Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 1, (pages:12-25)
3 Cost Accounting System (1.Teaching Method, 8. Question-Answer Method) Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 1, (pages:27-36)
4 Accounting for materials (1.Teaching Method, 4.Case Study Method) Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 1, (pages:27-36). Chapter 2, (pages:64-91)
5 Just in time materials control (1.Teaching Method, 2.Discussion Method) Reading:The Iceberg Theory and Toyota's JIT Revolution Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 1, (pages:27-36) Chapter 2, (pages:91-96)
6 Accounting for labors (1.Teaching Method , 8. Question-Answer Method) Preliminary review of payroll calculation parameters (gross wage, deductions). Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 3, (pages:125-144)
7 Accounting for Factory overhead costs (1.Teaching Method , 8. Question-Answer Method) Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 4, (pages:172-192)
8 Applying Factory overhead to Production (1.Teaching Method , 8. Question-Answer Method) Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 4, (pages:192-198)
9 Illustration of Accounting (6. Collaborative Learning Model) Available at: ue.gedik.edu.tr
10 Work in process inventories (1.Teaching Method , 8. Question-Answer Method) Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 5, (pages:240-266)
11 Work in process inventories (1.Teaching Method , 8. Question-Answer Method) Vanderbeck, E. J., & Mitchell, M. R. (2015). Principles of Cost Accounting (17th ed.) Chapter 5, (pages:240-266)
12 Illustrative Problem 1 (6. Collaborative Learning Model) Available at: ue.gedik.edu.tr
13 Illustrative Problem 2 (6. Collaborative Learning Model) Available at: ue.gedik.edu.tr
14 Illustrative Problem 3 (6. Collaborative Learning Model) Available at: ue.gedik.edu.tr

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 1 1 1 1 4 2 2 1 1 2 2 5
C1 1 1 3 1 3 1 2 1 2 2 2 5
C2 1 1 1 1 4 3 2 1 2 2 2 5
C3 1 1 1 1 4 2 2 1 1 2 2 5
C4 1 1 1 1 4 2 2 1 1 2 2 5
C5 1 1 1 1 4 2 2 1 1 2 2 5

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