KOÇ
UNIVERSITY
College of Administrative Sciences
ACCT
301 -
Cost Accounting,
Fall 2008
Prof. Dr. Nuri UMAN
Office :
CAS Building, Room # 201
Office Phone : 0212- 338- 16 32
Office Hours : Tuesday and Thursday 9.00 - 11.00;
e- mail :
numan@ku.edu.tr
Required materials :
Ralph S. Polimeni, F. J. Fabozzi and A. H. Adelberg, Cost Accounting,
Concept and Applications for Managerial Decision Making, McGraw-Hill International
Editions, Third Edition, 1991
Class handouts on certain topics
Course Objectives :
The primary goal of this course is to enable accounting students in product costing.
All the major areas of cost accounting are covered, including cost classifications product cost
accumulation systems, costing and control of materials, labor, and factory overhead, job order
costing systems, process cost systems, joint product and by product costing, standard costing
direct and absorption costing.
Course Content: The topics covered in this course may be summarized as follows:
Chapter 1
The nature, concepts and classifications of costs
Chapter 2
Product cost accumulation systems
Chapter 3
Costing and control of materials and labor
Chapter 4
Costing and control of factory overhead
Chapter 5
Job order cost system
Chapter 6
Process cost I, nature and characteristics
Chapter 7
Process cost II expanded concepts
Chapter 8
Joint product and by-product costing
Chapter 10
Standard cost I, Establishment of standards
Chapter 11
Standard cost II, Computation and analysis of variances
Chapter 12
Standard cost III, Journal entries and disposition of variances
Chapter 13
Direct and absorption costing
Chapter 14
Operation costing, just-in-time systems, back flush costing
Grading :
1) Two mid-term examinations :
First mid-term
November, 2008
Second mid-term December, 2008
17.00 - 19.30 (20 points)
17.00 - 20.30 ( 25 points)
No make–ups will be given, its weight will be shifted to other mid-term and final
exams
2) Final Examination
: 45%
(The minimum requirement for the final exam is 50 pts. Full pts is 100)
3) Attendance and class participation: 10 %
All students are required to attend classes and problem sessions. The students who fail to
attend 1/3 of classes and discussion sessions may get an automatic F.