MUHD327 Cost ManagementIstanbul Okan UniversityDegree Programs Genetics and BioengineeringGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Genetics and Bioengineering
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: MUHD327
Course Name: Cost Management
Course Semester: Fall
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: TR
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: Compulsory
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Assoc. Prof. HÜSEYİN MERT
Course Lecturer(s): Assoc. Prof. HÜSEYİN MERT
Dr.Öğr.Üyesi İLKER CALAYOĞLU
Course Assistants:

Course Objective and Content

Course Objectives: Cost methods and cost analysis techniques are aimed at managing business budgets, inventory planning and control.
Course Content: Cost and Elements, Cost Loading Methods; Full Cost, Normal Cost and Variable Cost methods; Standard Costs and Deviation Analysis; Valid Cost Analysis in Management Decisions; Cost, Volume and Profit Analysis; Business Budget; Inventory Planning and Control.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
1) • Interprets the events encountered while performing the accounting profession ethically. • Explains the cost and its elements. • Explains Cost Calculation methods and differences. • Know how to make cost analysis for management decisions. • Explains cost-quantity and profit relationships. • Explain the use of budgets in business management.
Competence to Work Independently and Take Responsibility

Lesson Plan

Week Subject Related Preparation
1) • Cost and elements. The course will be reviewed. Topics covered in the course will be repeated.
2) • Full cost method. The course will be reviewed. Topics covered in the course will be repeated.
3) • Normal cost method. The course will be reviewed. Topics covered in the course will be repeated.
4) • Variable cost method. The course will be reviewed. Topics covered in the course will be repeated.
5) • Standard Cost Method. The course will be reviewed. Topics covered in the course will be repeated.
6) • Deviation analysis applications. The course will be reviewed. Topics covered in the course will be repeated.
7) • Management decisions and cost analysis. The course will be reviewed. Topics covered in the course will be repeated.
8) • Cost analysis applications for management decisions The course will be reviewed. Topics covered in the course will be repeated.
9) • Cost, volume and profit relationships. The course will be reviewed. Topics covered in the course will be repeated.
10) • Cost, volume and profit relationships. The course will be reviewed. Topics covered in the course will be repeated.
11) • Operating budgets. The course will be reviewed. Topics covered in the course will be repeated.
12) • Business Budget Applications The course will be reviewed. Topics covered in the course will be repeated
13) • Inventory planning The course will be reviewed. Topics covered in the course will be repeated
14) • Inventory planning The course will be reviewed. Topics covered in the course will be repeated.
16) Final Exam
16) Final Exam

Sources

Course Notes / Textbooks: Ders Hocasının Notları
References: Diğer K aynaklar

Course-Program Learning Outcome Relationship

Learning Outcomes

1

Program Outcomes
1) Sufficient knowledge in mathematics, science and engineering related to their branches; and the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems.
2) The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose.
3) The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.)
4) Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively.
5) Ability to design experiments, conduct experiments, collect data, analyze and interpret results to examine engineering problems or discipline-specific research topics.
6) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill.
7) Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge; ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions.
8) Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal.
9) Conform to ethical principles, and standards of professional and ethical responsibility; be informed about the standards used in engineering applications.
10) Awareness of applications in business, such as project management, risk management and change management; awareness of entrepreneurship, and innovation; information about sustainable development.
11) Information about the universal and social health, environmental and safety effects of engineering applications and the ways in which contemporary problems are reflected in the engineering field; awareness of the legal consequences of engineering solutions.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Sufficient knowledge in mathematics, science and engineering related to their branches; and the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems.
2) The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose.
3) The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.)
4) Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively.
5) Ability to design experiments, conduct experiments, collect data, analyze and interpret results to examine engineering problems or discipline-specific research topics.
6) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill.
7) Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge; ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions.
8) Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal.
9) Conform to ethical principles, and standards of professional and ethical responsibility; be informed about the standards used in engineering applications.
10) Awareness of applications in business, such as project management, risk management and change management; awareness of entrepreneurship, and innovation; information about sustainable development.
11) Information about the universal and social health, environmental and safety effects of engineering applications and the ways in which contemporary problems are reflected in the engineering field; awareness of the legal consequences of engineering solutions.

Learning Activity and Teaching Methods

Field Study
Peer Review
Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Group study and homework
Lab
Reading
Homework
Problem Solving
Project preparation

Assessment & Grading Methods and Criteria

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Quizzes 2 % 0
Homework Assignments 2 % 10
Midterms 1 % 40
Final 1 % 50
total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Workload
Course Hours 16 48
Study Hours Out of Class 16 96
Presentations / Seminar 1 6
Midterms 1 12
Final 1 15
Total Workload 177