COURSE INFORMATION
Course Title: COST ACCOUNTING
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 331 B 5 3 0 0 3 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: Alba Kruja , Tuesday 09:30-11:30
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: Compulsory
Classroom and Meeting Time: E 110 Tuesday 11:30 - 14:15
Course Description: 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 allow students to understand fundamentals of cost accounting needed for a business or professional accounting career. It provides students with a solid understanding of the principles of cost accounting, and involves both formal cost accounting principles and practical application in a business context.
COURSE OUTLINE
Week Topics
1 Review Syllabus. The Accountant`s Role in the Organization
2 Cost Terms and Purposes
3 Job-Order Costing
4 Process Costing
5 Activity-Based Costing
6 Activity-Based Management
7 Review Before Midterm Exam
8 Midterm Exam
9 Cost Behavior: Analysis & Use
10 Cost-Volume-Profit Analysis
11 Cost Structure & Profit Stability
12 Pricing Goods for External Sales
13 Transfer Pricing for Internal Sales
14 Review Before Final Exam
Prerequisite(s): NA
Textbook: Hongren-Datar-Foster, Cost Accounting, 14th Edition, Prentince Hall Brewer-Garrison-Noreen, Introduction to Managerial Accounting, 5th Edition, McGraw-Hill Irvin Weygandt-Kimmel-Kieso, Managerial Accounting, 6th Edition, Wiley
Other References: NA
Laboratory Work: NA
Computer Usage: NA
Others: No
COURSE LEARNING OUTCOMES
1 Describe cost accounting and its relationship to managerial and financial accounting.
2 Analyze, record and report transactions for manufacturing businesses.
3 Demonstrate the ability to use cost information to support operating decisions and strategic decisions regarding products, customers and technology.
4 Prepare reports for use by management in decision-making.
5 Demonstrate the ability to understand how accounting can facilitate planning, control, and decision-making.
6 Solve business problems using information provided by cost and managerial accounting.
7 Summarize and apply financial, cost, and managerial 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 International Marketing and Logistics Management (3 years) Program
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
40
Final Exam
1
50
Attendance
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