COURSE INFORMATION
Course Title: COST ACCOUNTING
Code Course Type Regular Semester Lecture Recit. Lab Credits ECTS
BUS 331 B 5 - - - 4 5
Lecturer and Office Hours: Alba Kruja
Teaching Assistant(s) and Office Hours: -
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: N/A
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 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 Job-Order Costing
5 Process Costing
6 Process Costing
7 Activity-Based Costing
8 Midterm Exam
9 Activity-Based Management
10 Cost-Volume-Profit Analysis
11 Cost-Volume-Profit Analysis
12 Variable Costing
13 Segment Reporting
14 Review Before Final Exam
Prerequisite(s):
Textbook: Hongren-Datar-Foster, Cost Accounting, 14th Edition, Prentince Hall Brewer-Garrison-Noreen, Introduction to Managerial Accounting, 6th Global Edition, McGraw-Hill Irvin
Other References: Weygandt-Kimmel-Kieso, Managerial Accounting, 6th Edition, Wiley.
Laboratory Work: N/A
Computer Usage: N/A
Others: No
COURSE LEARNING OUTCOMES
1 Summarize and apply financial, cost, and managerial accounting terms, concepts, and principles.
2 Demonstrate the ability to use cost information to support operating decisions and strategic decisions regarding products, customers and technology.
3 Prepare reports for use by management in decision-making.
4 Demonstrate the ability to understand how accounting can facilitate planning, control, and decision-making.
5 Solve business problems using information provided by cost and managerial accounting.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
30
Project
1
15
Quiz
1
20
Final Exam
1
35
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 4 64
Hours for off-the-classroom study (Pre-study, practice) 16 2 32
Mid-terms 1 10 10
Assignments
Final examination 1 10 10
Other 1 9 9
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5