Cost accounting I
Course Contents as proposed by Natalia Puzankova
- Deakin, E.B., and Maher, M.W. Cost Accounting. 4th ed. Irwin. (DM)
- Selected articles in management accounting.
- Horngren, C.T., Datar, S.M., and Foster, G. Cost Accounting: A Managerial Emphasis. 11th ed. Prentice Hall, Pearson Education International. (HDF)
- Kaplan, R.S., and Atkinson, A.A. Advanced Management Accounting. 3rd ed. Prentice Hall International, Inc.(KA)
The course will consist of 72 academic hours, including 24 classes 3 hours each, covering the following topics:
- Introduction. The purpose of the course. Practical issues.
- Cost Accounting: Its Nature and Usefulness (Chapter 1 in DM); the role of Cost Accounting in the organization (Chapter 1 in HDF).
- Cost Concepts and Behavior (Chapter 2 in DM); cost terminology and cost behavior (Chapter 2 in HDF).
- Term Paper: first instructions.
- Job Costing (Chapter 3 in DM): theory and problems.
- Process Costing (Chapter 4 in DM): theory and problems.
- Accounting for Operations, Just-In-Time Production, and Spoilage (Chapter 5 in DM; Chapters 19-20 in HDF): theory.
- Solving problems to Chapter 5 in DM.
- Selected Articles on the topics 2, 3, 5-7: the nature and role of cost accounting in the organization; types of costs and cost behavior; costing methods. Group discussion.
- Allocating Costs to Departments (Chapter 6 in DM; Chapter 14, 15 in HDF; Chapter 3 in KA): theory. The issue of allocating overhead costs.
- Solving problems to Chapter 6 in DM.
- Cost Allocation to Products: Activity Based Costing and Activity Based Management. (Chapter 7 in DM; Chapter 5 in HDF; Chapters 4 and 5 in KA).
- Solving problems to Chapter 7 in DM.
- Term Paper: supervision, consultations and discussions.
- Allocating Joint Costs (Chapter 8 in DM; Chapter 15 in HDF).
- Solving problems to Chapter 8 in DM).
- Selected Articles on the topics 10, 12, 14: overhead costs allocation. Group discussion.
- Variable vs Full-Absorption Costing (Chapter 9 in DM; Chapter 9 in HDF): theory.
- Problem solving to Chapter 9 in DM.
- Selected articles on the issue of costing method choice and its implication for the organization.
- Term Paper: presentations and final discussions in groups.
- Pre-exam consultations; summary of the course.
- Written examination: problem solving and theoretical questions.
- Oral examination: theoretical questions; discussion.
Evaluation of the students’ performance will be based on the following percentage structure of the final grade:
10% - student’s participation in the classes;
20% - term paper;
40% - written examination;
30% - oral examination.