The Islamic University-Gaza
Faculty of Commerce
Department of Accounting
Course Name: Cost Accounting I
Course Code: ACTE 23011
Name of Instructor: DR. Hisham Madi
Academic Year: 2015/2016
Place and Time of Lecture:
Monday and Tuesday; Groups (201 and 101).
08:00 to 09:30 (L-317), 09:30 to 11:00 (K 304)
Office Hours:
Sunday and Tuesday from 11:00 am to 1:00 pm
Course Description:
This course addresses the principles of cost accounting systems including the
classification and elements of cost accounting. The course also discusses jobcosting, methods of allocating manufactured overhead cost, Activity based
costing (ABC) and activity base management.
Learning outcomes (LO)
At the end of this course, students will be able to:
LO1: Understand the principles and features of cost accounting systems.
LO2: Understand the different cost concept and classification.
LO3: Explain and understand the cost-volume-profit analysis.
LO4: Describe and understand the concept and process of job-costing system.
LO5: Understand the concept of activity based costing (ABC) and activity
based management.
LO6: Understand the different techniques to allocate costs.
LO7: Understand the concept of ideal management of inventory
Teaching Learning and Assessment Strategy
Learning Outcome
Teaching
and Assessment Strategy
Learning Strategy
LO1: Understand the Face to Face lecture
Tutorial Exercises
principles
and Tutorial classes
Mid-term examination
features of cost
Final examination
accounting
systems
LO2: Understand the
different
cost
concept
and
classification
LO3:
Explain
and
understand
the
cost-volumeprofit analysis
LO4: Describe and
understand
the
concept
and
process of jobcosting system
LO5: Understand the
concept of activity
based
costing
(ABC)
and
activity
based
management
LO6: Understand the
different
techniques
to
allocate costs
LO7: Understand the
concept of ideal
management
of
inventory
Face to Face lecture
Tutorial classes
Tutorial Exercises
Mid-term examination
Final examination
Face to Face lecture
Tutorial classes
Tutorial Exercises
Mid-term examination
Final examination
Face to Face lecture
Tutorial classes
Tutorial Exercises
Mid-term examination
Final examination
Face to Face lecture
Tutorial classes
Tutorial Exercises
Mid-term examination
Final examination
Face to Face lecture
Tutorial classes
Tutorial Exercises
Mid-term examination
Final examination
Face to Face lecture
Tutorial classes
Tutorial Exercises
Mid-term examination
Final examination
Course Topics
Week
Topic
1
Introduction
2-3
Cost terms and classifications
4-6
Job Costing
7-9
Activity Based Costing
10 - 11
Cost Behavior
12 - 14
Cost Allocation
15 - 16
Inventory Management
Main References Supporting the Course
Main Reference
Charles T. Horngren, Srikant M. Datar, and Madhav Rajan, Cost Accounting:
A Managerial Emphasis, Fourteenth Edition, Prentice Hall, 2012.
Additional References
- Michael W. Maher, Madhav V. Rajan, and William N. Laner,
Fundamentals of Cost Accounting, Mcgraw – Hill, 2006. (Library Code:
657.42)
- Charles T. Horngren, George Foster, Alnoor Bhimani, and Srikant M.
Datar, Management and Cost Accounting, 3rd ed., Prentice Hall, 2005.
(Library Code: 658.1552)
Assessment Methods and Types
Method
Assignments
Quizzes
Participation
Mid-term Examination
Final Examination
Weight
15 %
10 %
5%
20 %
50 %