FATIH UNIVERSITY

Faculty of Engineering

Department of Industrial Engineering

IE 325 COST ANALYSIS AND CONTROL

I. COURSE DESCRIPTION

Course Objectives: Introduction to accounting practices, cost accounting, standard cost, overhead cost, product costing methods, design of cost accounting systems, methods of cost analysis, cost control, computer applications.

Instructor: Asist.Prof. Ali COŞKUN

E-mail: alicoskun@fatih.edu.tr, Homepage: www.alicoskun.net  Office: F 605

Teaching Assistant: Mustafa AKKURT, E 616

Office Hours: Tuesday 11:00-12:00, Wednesday 11:00-12:00, Friday 8:00-9:00

Textbook: Cost Accounting, A Managerial Emphasis, 12/e, Charles T. Horngren, George Foster & Srikant M. Datar, 2006, Prentice Hall International, ISBN 0-13-149538-0

References and Other Materials:

Ø  Cost management: A strategic emphasis; Blocher, Stout, Cokins and Chen; 2008; Mc-Graw Hill.

Ø  Cost management: Accounting and Control, Hansen and Mowen, 2003, Thomson.

Ø  Financial and Managerial Accounting: Basis for Business Decisions; Williams (editor); 2002; Mc-Graw Hill

II. COURSE CONTENTS

1. Week: Introduction to Cost Accounting

2. Week: Costs and Accounting Information System

3. Week: Cost Terms and Purposes

4. Week: Job Costing

5. Week: Activity Based Costing and Activity Based Management

6. Week: Cost Allocation of Support Departments

7. Week: 1st Midterm Exam

8. Week: Process Costing

9. Week: Joint Products and Byproducts

10. Week: Cost-Volume-Profit Analysis

11. Week: Cost-Volume-Profit Analysis

12. Week: Flexible Budgets and Variance Analysis

13. Week: Decision Making and Relevant Information

14. Week: 2nd Midterm Exam

IV. EXAM DATES, GRADING POLICY AND ATTENDANCE

Midterm Exam: The dates will be announced fifteen days before the exam.       

Final Exams: January 8-20, 2008

Grading Policy

1st Midterm Exam: 30%, 2nd Midterm Exam: 30%, Final Exam: 40%, Class Participation: 10 % (Bonus).

Attendance

Classroom attendance is mandatory. Students, who are absent over 30% of the class time fail the course.