| Course Name | Financial Accounting |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| EBA 560 | Fall/Spring | 3 | 0 | 3 | 5 |
| Prerequisites | None | |||||
| Course Language | English | |||||
| Course Type | Service Course | |||||
| Course Level | Second Cycle | |||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | ||||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | - | |||||
| Course Objectives | The principles of accounting course introduces to actual accounting practices and techniques. The real focus of the course is uncovering 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. Moreover, how to use accounting information for managers in decision making process will be examined. Basic accounting issues will be covered more detailed in the context of graduate students. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | This course aims to set the fundamental basis for the future accounting courses by covering the bookkeeping process and the reporting of the basic financial statements as the balance sheet, income statement, the statement of cash flows, and the statement of retained earnings. |
| 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 | Financial accounting and its economic context | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 1; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 1 |
| 2 | A closer look at financial statements, The Principles of Accounting, The fundamental accounting equation | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapters 2 and 3; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 2 |
| 3 | Financial Statements and Underlying Accounting Concepts. The mechanics of accounting, recording business transactions, preparing the unadjusted trial balance. | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 4; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 2 |
| 4 | Completing the Accounting Cycle | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 4; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 3 |
| 5 | Completing the Accounting Cycle | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 4; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 3 |
| 6 | Preparing Cash-Flow Statement and Using Financial Statement Information. What is the indirect method of cash-flow statement? | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 14; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapters 6 and 13 |
| 7 | Financial Statements Analysis | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 5; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 14 |
| 8 | Merchandise Transactions | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 7; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 4 |
| 9 | Merchandise Business Operations and reporting in financial statements, LIFO, FIFO, and average cost methods | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 7; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 4 |
| 10 | Long Lived Assets. What is depreciation? What are the methods of Depreciation? | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 9; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 10 |
| 11 | Long Lived Assets. What is depreciation? What are the methods of Depreciation? | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 9; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 10 |
| 12 | What are the Current and the Long Term Liabilities? What are the provisions and contingent liabilities? What are the shareholder's equity items? | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapters 10 and 12; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapters 8, 11 and 12 |
| 13 | What are the Current and the Long Term Liabilities? What are the provisions and contingent liabilities? What are the shareholder's equity items? | Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapters 10 and 12; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapters 8, 11 and 12 |
| 14 | Review of the semester | |
| 15 | Review of the semester | |
| 16 | Final Exam |
| Course Notes/Textbooks | |
| Suggested Readings/Materials |
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | 1 | 20 |
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | ||
| Final Exam | 1 | 80 |
| Total |
| Weighting of Semester Activities on the Final Grade | 1 | 20 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 80 |
| 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 | 15 | 3 | 45 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | 1 | 20 | |
| Presentation / Jury | |||
| Project | |||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | |||
| Final Exams | 1 | 30 | |
| Total | 143 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
