COURSE SYLLABUS

IE 206        EngIneerIng Cost AnalysIs   (3-0) 3

URL: http://ie.atilim.edu.tr/~ie206

Catalog Data:

Organization, measurement and interpretation of economic information. Basics of financial accounting. Preparation of financial statements. Cost concepts and costing techniques. Budgeting. Cost-Volume-Profit analysis. Pricing.

Textbook:

Weygandt J.J., Kieso D.E., and Kimmel P.D., Accounting Principles, 5th edition, Wiley, 1998.

References:

·         Moriarity, S., and Allen C.P., Cost Accounting, 3rd edition, Wiley, 1991.

·         Horngren C.T., and Foster,G., Cost Accounting A Management Emphasis, 11th  edition, Prentice Hall, 2002.

·         Needles, B.E., Powers, M., Caldwell, J.C., and Crosson S.V., Principles of Accounting, 7th edition, Houghton Mifflin, 1999.

·         Hollander, A., Cherrington, J.O., and Denna, E.L., Accounting, Information Technology, and Business Decisions, 2nd edition, McGraw-Hill, 1999.

Prerequisites by Topic:

None.

Method for Assessing Student Knowledge of Prerequisite Topics:

None.

Goals:

This course provides the tools necessary to interpret and use accounting information related to the business environment. By concentrating on the end uses of accounting information, the students should develop an understanding of the various techniques available that will help them in making decisions.

Objectives:

·         To give students a grasp of essential business and accounting terminology.

·         To help students become intelligent users of financial information in making critical business decisions.

·         To help students analyze manufacturing costs.

·         To help students understand behavior of costs.

·         To help students understand product costing and pricing.

·         To give students reading, communication and team working skills.

Topics:

1.        Accounting as an information system (1/3 weeks)

2.       The basic accounting model and the recording process (2 weeks)

3.       Measuring business income and completing the accounting cycle (1 week)

4.       Merchandising operations (1 week)

5.       Depreciation (2/3 weeks)

6.       Long term financing (1 week)

7.       Special statements and analysis of accounting information (1 week)

8.       Managerial accounting basics (1 week)

9.       Cost Volume Profit Analysis (1 week)

10.    Product costing: allocating costs; job costing; process costing (3 week)

11.     Information and analysis for planning and control (1 week)

12.    Budgeting and variance (1 week)

Computer Usage:

·         To prepare homework assignments.

·         To access to obtain homework assignments and solutions on the web.

·         To access resources on the web.

Laboratory Projects:

None.

Contribution to Professional Component:

1.        Mathematics and Basic Science                 0 credits

2.       Engineering Science or Design                   3 credits

3.       General Education                                     0 credits