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: |
Prof.Dr. SERHAN DURAN |
| 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.
