Academic Catalog

IE241 FINANCIAL AND MANAGERIAL ACCOUNTING FOR ENGINEERS

Course Code: 5680241
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Industrial Engineering
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Assoc.Prof.Dr. SMAL SERDAR BAKAL
Offered Semester: Spring Semesters.

Course Content

Basics of financial accounting. Preparation of balance sheet, income statement and flow of funds statement. Inventory valuation and depreciation methods. Basics of accounting. Definition of costs. Absorbtion cost techniques, with an emphasis on allocation of overhead in manufacturing organizations. Budgeting. Variance Analysis. Cost-Volume-Profit Analysis. Pricing decisions, special decisions based on incremental analysis.