Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:
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| Knowledge
(Described as Theoritical and/or Factual Knowledge.)
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1) Define the three classes of manufacturing costs and distinguish between product and period costs.
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2) Explain the characteristics and purposes of cost accounting.
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3) Describe the flow of costs in a job order cost system and in a process cost system.
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4) Define and distinguish manufacturing overhead costs, and explain how they are allocated to the cost of product.
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5) Understand and tells what types of companies uses job order costing or process costing.
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6) Recognize the differences between traditional costing and activity-based costing.
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7) Understand the benefits and limitations of activity-based costing.
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| Skills
(Describe as Cognitive and/or Practical Skills.)
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1) Explain how cost of goods manufactured is determined.
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2) Make the journal entries to assign manufacturing costs under different costing systems.
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3) Compute equivalent units under process costing.
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4) Prepare cost reports and documents including cost of goods manufactured statement, job cost sheets and production cost reports.
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| Competences
(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)
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| Week |
Subject |
Materials Sharing * |
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Related Preparation |
Further Study |
| 1) |
Definition of cost concepts and the role of cost accounting in management |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 2) |
Classification of cost and manufacturing cost components |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 3) |
Financial statements of a manufacturing company |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 4) |
Preparation of the statement of cost of goods manufactured |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 5) |
Costing systems, differences and similarities of job order and process cost systems |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 6) |
Job order costing, assigning costs under job order costing |
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| 7) |
Job order costing practices |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 8) |
Mid-term exam |
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| 9) |
Process costing and assigning manufacturing costs under process costing |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 10) |
Process costing and equivalent units of production |
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| 11) |
Process costing practices and production cost report |
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| 12) |
Assignment of overhead costs |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 13) |
Differences between traditional costing systems and activity-based costing |
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| 14) |
Assigning overhead costs under activity-based costing |
Managerial Accounting, Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. John Wiley & Sons, Inc.
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| 15) |
Review |
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Programme Learning Outcomes |
Contribution Level (from 1 to 5) |
| 1) |
Able to evaluate the basic functions required by business management and commerce. |
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| 2) |
Able to explain the theoretical information about the field of logistics management. |
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| 3) |
Able to assess all aspects of the supply chain process. |
3 |
| 4) |
Able to explain purchasing and supplier relationship management issues. |
3 |
| 5) |
Able to follow national and international legislation and regulations. |
4 |
| 6) |
Has the knowledge to carry out logistics activities such as transportation operations, warehouse business processes, stock management, order management, material handling, packaging and labeling activities. |
4 |
| 7) |
Be able to plan logistics operations in management information systems. |
4 |
| 8) |
Be able to the theoretical knowledge in business life during a semester. |
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| 9) |
Be able to apply the stages of project management to solve problems that may be encountered in business life. |
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| 10) |
Be able to acquire communication in a Foreign Language (English) competence defined on the level of at least B2 in European Language Portfolio. |
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| 11) |
Be able to follow the developments in digitalization processes in logistics operations. |
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| 12) |
Be able to develop theoretical knowledge about the field through teamwork and present it in front of a community. |
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| 13) |
Be able to evaluate and interpret theoretical knowledge in the field using analytical methods. |
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| 14) |
Has awareness of corporate social responsibility and sustainability issues. |
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| WORKLOAD OF TEACHING & LEARNING ACTIVITIES |
| Teaching & Learning Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
| Course |
14 |
3 |
42 |
| Laboratory |
0 |
0 |
0 |
| Application |
4 |
12 |
48 |
| Special Course Internship (Work Placement) |
0 |
0 |
0 |
| Field Work |
0 |
0 |
0 |
| Study Hours Out of Class |
0 |
0 |
0 |
| Presentations / Seminar |
0 |
0 |
0 |
| Project |
0 |
0 |
0 |
| Homework Assignments |
0 |
0 |
0 |
| Total Workload of Teaching & Learning Activities |
- |
- |
90 |
| WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES |
| Assesment & Evaluation Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
| Quizzes |
1 |
1 |
1 |
| Midterms |
1 |
1 |
1 |
| Semester Final Exam |
1 |
1 |
1 |
| Total Workload of Assesment & Evaluation Activities |
- |
- |
3 |
| TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) |
93 |
| ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) |
4 |