| Course Name | Financial Accounting |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| BA 221 | Fall/Spring | 3 | 0 | 3 | 5 |
| Prerequisites | None | |||||
| Course Language | English | |||||
| Course Type | Elective | |||||
| Course Level | First Cycle | |||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | DiscussionProblem SolvingLecture / Presentation | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | This course introduces students to actual accounting practices and technics. The real focus of the course is covering the meaning of accounting information and how decision-makers use this information. Throughout this course, students will be provided with financial accounting concepts to give an understanding of how accounting information is made available for those who may be a manager at any level. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | This course is designed as an introductory accounting course in which the aim is to initiate the students in the use and preparation of financial statements. As aspiring managers, the students need to recognize the need for accounting principles, procedures, and financial statements in the decision-making process of companies. In doing so, the topics covered include the basic accounting principles, recording process, and tools to prepare and analysis of the financial statements. |
| Related Sustainable Development Goals |    |
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| Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Introduction to Accounting and Overview of the Accounting Environment | Chapter 1 – Accounting Information for Decision Making |
| 2 | Financial Statements and Underlying Accounting Concepts | IFRS Conceptual Framework Chapter 2 – Basic Financial Statements |
| 3 | Financial Statements and Underlying Accounting Concepts | IFRS Conceptual Framework Chapter 2 – Basic Financial Statements |
| 4 | Capturing Economic Events | Chapter 3 – The Accounting Cycle: Capturing Economic Events |
| 5 | Capturing Economic Events | Chapter 3 – The Accounting Cycle: Capturing Economic Events |
| 6 | Accruals and Deferrals | Chapter 4 – The Accounting Cycle: Accruals and Deferrals |
| 7 | Closing Temporary Accounts and Reporting Financial Results | Chapter 5 – The Accounting Cycle: Reporting Financial Results |
| 8 | Midterm Exam | |
| 9 | Merchandising Activities | Chapter 6 – Merchandising Activities |
| 10 | Inventories and Cost of Goods Sold | Chapter 8 – Inventories and Cost of Goods Sold |
| 11 | Plant and Intangible Assets | Chapter 9 – Plant and Intangible Assets |
| 12 | Value Added Tax | |
| 13 | Value Added Tax | |
| 14 | Basic Financial Statement Analysis | Chapter 14 – Financial Statement Analysis |
| 15 | Semester Review | |
| 16 | Final Exam |
| Course Notes/Textbooks | Williams, J.R., Better, M.S., Smith, K.R. (2024), Financial & Managerial Accounting. The Basis for Business Decisions, 20th Edition, McGraw-Hill Education, ISBN10: 1266850929, ISBN13: 9781266850929 |
| Suggested Readings/Materials | IFRS Conceptual Framework |
| Semester Activities | Number | Weighting |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | 1 | 30 |
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 30 |
| Final Exam | 1 | 40 |
| Total |
| Weighting of Semester Activities on the Final Grade | 2 | 60 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 40 |
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
| Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
| Study Hours Out of Class | 14 | 2 | 28 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | 1 | 24 | |
| Presentation / Jury | |||
| Project | |||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 17 | |
| Final Exams | 1 | 23 | |
| Total | 140 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to possess the knowledge in legal terminology, concepts and principles. | |||||
| 2 | Solves the legal problems with an analytic and integral point of view. | |||||
| 3 | Evaluates the legal knowledge and abilities obtained with a critical approach. | |||||
| 4 | Evaluates the developments in legal theory and practice by monitoring local, international and interdisciplinary dimensions. | |||||
| 5 | Is conscious of social, professional and scientific principles of ethic behaviour. | |||||
| 6 | Takes responsibility in solving problems by creative and innovative thinking. | |||||
| 7 | Interprets the sources of law by ways of legal methodology. | |||||
| 8 | To be able to interpret the legal norms with a sense of justice respectful to human rights and in the light of principles of democratic, secular and social state of law. | |||||
| 9 | To be able to use the daily scientific sources and court judgments in the framework of life time learning approach. | |||||
| 10 | Informs the related persons and institutions about legal matters both verbally and in written. | |||||
| 11 | Monitors the daily legal information/court decisions and interacts with the colleagues in a foreign language (“European Language Portfolio Global Scale” Level B1). | |||||
| 12 | Uses the information and communication technology together with the computer programs in a level required by the area of law (“European Computer Driving Licence, Advanced Level”). | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
