COURSE INFORMATION
Course Title: COST ACCOUNTING
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 331 C 5 4 0 0 4 5
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Sidita Mema , NA
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Elective
Classroom and Meeting Time: NA
Course Description: Cost Accounting: Cost Accounting Course is designed to provide an overview of cost concepts and cost calculation methods in contemporary organizations. This course will focus on how costs behave, what relevancy is and how the accurate and timely cost information can be created. While financial accounting provides information for external users, cost accounting provides information for both external and internal users. Cost Accounting will address the usage of cost information which is used for product costing, planning and control processes
Course Objectives: The objective of this course is to describe the cost concepts, cost behaviors and cost accounting techniques applied in the manufacturing and non-manufacturing businesses. This course will equip students with skills and knowledge to the accounting methods used in calculating the costs, differentiation between different types of costs and how to apply cost analysis concepts in managerial decision making.
COURSE OUTLINE
Week Topics
1 The Accountant`s Role in the Organization
2 The Introduction to Cost Terms and Purposes
3 Cost-Volume-Profit Analysis
4 Job Costing and Process Costing
5 Activity-Based Costing and Activity-Based Management
6 Activity-Based Costing and Activity-Based Management
7 Review Before Midterm Exam
8 Midterm Exam
9 Cost Behavior: Analysis & Use
10 Fundamentals of Cost Management Systems
11 Planning and Budgeting
12 Pricing Decision and Cost Management
13 Strategy, Balanced Scorecard and Strategic Profitability Analysis
14 Review Before Final Exam
Prerequisite(s): NA
Textbook: Cost Accounting: A Managerial Emphasis 16th Edition Hongren-Datar-Foster, Prentince Hall
Other References: NA
Laboratory Work: NA
Computer Usage: yes
Others: No
COURSE LEARNING OUTCOMES
1 Describe the characteristics and elements of cost accounting in comparison with financial and managerial accounting.
2 Analyze, record and report transactions for manufacturing businesses.
3 Analyze the costs of labor in a cost accounting system
4 Demonstrate the ability to understand how accounting can facilitate planning, control, and decision-making.
5 Summarize and apply cost accounting terms, concepts, and principles.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Economics (3 years) Program
1 Students define the fundamental problems of economics 4
2 Students describe key economic theories 2
3 Students critically discuss current developments in economics 5
4 Students appropriately use software for data analysis 2
5 Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic 3
6 Students apply appropriate analytical methods to address economic problems 5
7 Students use effective communication skills in a variety of academic and professional contexts 4
8 Students effectively contribute to group work 5
9 Students conduct independent research under academic supervision 1
10 Students uphold ethical values in data collection, interpretation, and dissemination 5
11 Students critically engage with interdisciplinary innovations in social sciences 3
12 Student explain how their research has a broader social benefit 4
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Quiz
1
10
Final Exam
1
45
Other
1
10
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 9 9
Assignments 5 2 10
Final examination 1 10 10
Other 0
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5