IZMIR UNIVERSITY OF ECONOMICS
DEPARTMENT OF BUSINESS ADMINISTRATION
FALL 2014-2015
BA240 Financial and Cost Accounting
CAN SIMGA-MUGAN, Ph.D.
OFFICE: C 837 PH: 488 8124
OFFICE HOURS: BY APPOINTMENT
e-mail: can.mugan@ieu.edu.tr
MEETING PLACE and TIME: Section 1 Monday 8-9-10
Section 2 Tuesday 8-9-10
TEXT BOOKS:
Principles of Financial Accounting-IFRS Based, Mugan and Akman,
McGraw Hill- Http://highered.mcgraw-hill.com/sites/0077138058/information_center_view0/
Cost Accounting: A managerial Emphasis by Horngren, Datar, Foster, Rajan, Ittner Pearson
Prentice Hall, 13th edition.
http://highered.mcgraw-hill.com/sites/0073526924/student_view0/index.html
Please visit the web site of both books for presentations, quizzes, videos and other material and
download.
Additional material for the course will be provided at
http://homes.ieu.edu.tr/cmugan/
AIM OF THE COURSE:
The course is designed to familiarize the students with financial, managerial and cost accounting
concepts and applications. In so doing, we try to develop an understanding for the uses of the
accounting system of a company; and how to make intelligent decisions using the system. Thus,
the emphasis will be placed on utilizing accounting data for decision making.
PREREQUISITES: none
COURSE REQUIREMENTS AND GRADING POLICY:
This course will be run on flipped classroom basis. Please read the following information on
flipped class requirements. http://learningcommons.ubc.ca/students-guide-to-a-flippedclassroom/
Students are required to come to class after studying the assigned lecture material for the
session, be ready to ask and answer relevant questions. In class we will conduct mini case
studies, problems and group discussion to review and fill in the gaps in prep material. These in
class activities will be assigned one week prior to the discussion date.
Make up exams are administered only upon presentation of a report from the health center,
and then only during the finals week a single comprehensive make-up exam will be given.
Therefore, the students are strongly urged to take the exams on the scheduled dates.
Grading Policy
Midterm Exam
Final examination
Case presentation and class participation
Term paper
% 30
% 30
% 30
% 10
Assessment and Grading:
The following will be used to assess the learning outcomes:
1. In class participation: Attendance by itself is a necessary but not a sufficient condition
to receive a class participation grade. Active participation will be assessed based on the
contribution of the individuals to class discussions.
2. In class assignments and case studies: There will be in-class assignments and case
studies on selected topics. You are expected to work out questions and analyses within a
group. You may be asked to discuss your findings in class. At the end of each session
each group is required to submit their written solution. Therefore, I recommend you to
study the course material and be ready to ask and answer questions before coming to
class. There will be no make up for in-class assignments and case studies. The cases and
the solutions to these cases will be posted on the web site for the students who missed the
session, but these students can not make up for missed in class activities.
3. Term Project: You will be assigned a term project on a topic of your choice in
managerial accounting. It may done on individual or group basis. Group size may range
from 2-4.
4. Midterm and Final Examinations: There will be a midterm and a final examination to
evaluate the students’ course performance. Exams will include problem and essay
questions. The questions will be designed to assess the students’ knowledge of the course
content and their critical thinking abilities.
ACADEMIC HONESTY:
All university, faculty, and department principles on academic honesty will be strictly enforced.
The usual consequence for academic dishonesty is failure in the course and additional
disciplinary action. Examinations, and homework are individual and are to be completed
without unauthorized outside assistance (including un-cited Internet and other sources of
information). Persons observed cheating during examinations will automatically receive a failing
grade in the course. In addition to the consequences above, the instructor will initiate disciplinary
action against the student(s) involved in academic dishonesty.
TENTATIVE COURSE
SCHEDULE
Week
Date
Topic
1
22-23
Sept
Introduction to the course
2
29-30
Sept
Role of Accounting – Financial and
Managerial and Cost Accounting
Relations
The Financial Statements and
Interpreting Financial Statements
3
6-7
Oct
HOLIDAY – NO CLASS
4
13-14
Oct
Accounting cycle and basic
bookkeeping
5
20-21
Oct
Accounting Cycle
6
27-28
Oct
Preparation of financial statements
MIDTERM – Financial Accounting
7
3-4
Nov
Nature of Costs and Cost Behavior
and Cost Estimation
8
10-11
Nov
Product Costing Systems and Unit
cost computations
9
17-18
Nov
Activity-Based Costing and
Management
Activity Analysis,
10
24 –
25
Nov
Cost-Volume-Profit Analysis
11
1-2
Dec
Absorption and Variable Costing
Budgeting
Standard Costs
Reading
assignments
Assignment
Download and read financial
statements of Cimentas from
http://homes.ieu.edu.tr/cmugan/
Chap. 1
Mugan
Akman
Read the financial statements,
compare them to the example
in the book.
12
8-9
Dec
Standard Costs and performance
Overhead Variances
13
15-16
Dec
Target Costing and Cost Analysis for
Pricing Decisions
14
22-23
Dec
Decision Making: Relevant Costs and
Benefits
15
29-30
Dec
Decision Making: Relevant Costs and
Benefits
Final examination – Cost
accounting part only
To be announced