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 Banking and Finance (3 years) Program
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way. 5
2 They have knowledge about the finance and banking. 4
3 They have knowledge about the money and banking. 3
4 They have knowledge about the international finance and banking. 3
5 They have ability to use mathematical and statistical methods in banking and finance. 3
6 They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department. 2
7 They have necessary banking and finance skills that needed in private and public sector. 3
8 They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking. 2
9 They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance. 4
10 They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics. 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