Syllabus
INSTRUCTOR : M. Mete DOÄžANAY (Ph.D)
TEXT : Edmonds, T., Edmonds, C., Tsay, B., Olds, P., and Schneider, N., Fundamentals of Managerial Accounting Concepts, McGrawHill Irwin, 2006.
TIME AND PLACE : Section 01 : Monday, 09401230, A417
Section 02 : Wednesday, 09401230, A410
COURSE DESCRIPTION : This course covers basic cost accounting and managerial accounting concepts. Topics included are: the distinction between financial accounting, managerial accounting and cost accounting, basic cost concepts, cost accumulation, cost allocation, cost flows, job order and process costing, variable costing, costvolumeprofit analysis, differential cost analysis, budgeting and variance analyses.
EXAMS : Students will take one midterm and one final exam which will be equally weighted.
WEEK

TOPICS

1

Introduction to Cost and Managerial Accounting
 Main Types of accounting
 Managerial accounting
 Cost accounting
 Basic cost concepts

2

Cost Accumulation
 Functional classification of costs and expenses
 Types of costs and expenses
 Cost pools
 Journal entries for cost flows

34

Cost Allocation
 Allocating support department costs to production departments by using direct method, step method, and mathematical method

5

JobOrder Costing
Characteristics of joborder costing
 Journal entries and posting to the accounts
 Cost flows
 Allocation of manufacturing overhead

6

Process Costing
 Characteristics of process costing
 Production cost report
 Process costing with multiple departments

7

VariableCosting
 Full absorption and variable costing
 Variable costing (contribution margin) income statement

8

Review and Problem Solving

9

Midterm Exam

10

CostVolumeProfit and Differential Cost Analysis
 Breakeven analysis
 Target pricing
 Variable and fixed cost analysis
 Differential cost analysis

1112

Budgeting
 Planning for business activities
 Advantages of budgeting
 Types of budgets
 Integrated budget preparation

13

Variance Analysis
 Flexible budgets
 Variance analysis

14

Review and Problem Solving
