TEK 485E - Cost Accounting

Course Objectives

For engineering students;
1.To give knowledge to be used in the systematic analysis of the factors that are either the source of manufacturing costs or effective parameters on them, and to evaluate the financial status and operations of the plants.
2.To teach the ways and methods to calculate manufacturing unit costs,
3.To teach the ways to utilize cost accounting data for controlling, planning and decision making in plant operations.

Course Description

Fundamental cost concept & accounting. Financial statements. Cost structure and classification. Direct & indirect material costs, labor cost & wage systems and manufacturing overheads. Cost allocation. Job and process cost accounting systems. Some important issues of managerial accounting related to decision making, planning and control processes.