Course Name | Financial Accounting |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
---|---|---|---|---|---|
BA 560 | Fall/Spring | 3 | 0 | 3 | 7.5 |
Prerequisites | None | |||||
Course Language | English | |||||
Course Type | Elective | |||||
Course Level | Second Cycle | |||||
Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | ||||||
Course Coordinator | ||||||
Course Lecturer(s) | ||||||
Assistant(s) |
Course Objectives | The Financial accounting course introduces the principles of accounting, focuses on the preparation of financial statements 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 users. Moreover, how to use accounting information 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 and finance 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 stockholder’s equity. |
Related Sustainable Development Goals | |
| Core Courses | |
Major Area Courses | X | |
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Required Materials |
1 | Financial accounting and its economic context | Pratt and Peters (2017), ch.1; Sımga-Mugan and Hosal-Akman (2012), ch.1 |
2 | A closer look at financial statements, The Principles of Accounting, The fundamental accounting equation | Pratt and Peters (2017), ch.2-3; Sımga-Mugan and Hosal-Akman (2012), ch.2 |
3 | The mechanics of accounting, recording business transactions, preparing the unadjusted trial balance. | Pratt and Peters (2017), ch.4; Sımga-Mugan and Hosal-Akman (2012), ch.2 |
4 | The mechanics of accounting, The adjusting process, Completing the accounting cycle, Preparing the financial statements | Pratt and Peters (2017), ch.4;Sımga-Mugan and Hosal-Akman (2012), ch.3 |
5 | Preparing Cash-Flow Statement and Using Financial Statement Information. What is the indirect method of cash-flow statement? | Pratt and Peters (2017), ch.14; Sımga-Mugan and Hosal-Akman (2012), ch.6 and 13 |
6 | Financial Statements Analysis | Pratt and Peters (2017), ch.5; Sımga-Mugan and Hosal-Akman (2012), ch.14 |
7 | Financial Statements Analysis | Pratt and Peters (2017), ch.5; Sımga-Mugan and Hosal-Akman (2012), ch.14 |
8 | Midterm | |
9 | Merchandise Business Operations and reporting in financial statements, LIFO, FIFO, and average cost methods | Pratt and Peters (2017), ch.7; Sımga-Mugan and Hosal-Akman (2012), ch.4 |
10 | Merchandise Business Operations and reporting in financial statements, LIFO, FIFO, and average cost methods | Pratt and Peters (2017), ch.7; Sımga-Mugan and Hosal-Akman (2012), ch.4 |
11 | Long Lived Assets. What is depreciation? What are the methods of Depreciation? | Pratt and Peters (2017), ch.9; Sımga-Mugan and Hosal-Akman (2012), ch.10 |
12 | Long Lived Assets. What is depreciation? What are the methods of Depreciation? | Pratt and Peters (2017), ch.9; Sımga-Mugan and Hosal-Akman (2012), ch.10 |
13 | What are the Current and the Long Term Liabilities? What are the provisions and contingent liabilities? What are the shareholder's equity items? | Pratt and Peters (2017), ch.10 and 12; Sımga-Mugan and Hosal-Akman (2012), ch.8, 11 and 12 |
14 | Review of the semester | |
15 | Review of the semester | |
16 | Final Exam |
Course Notes/Textbooks | Pratt, J., Peters, F.M. (2017), Financial Accounting in an Economic Context, 10th Edition, Wiley, ISBN: 978-1-119-30616-0 (http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1119306167&bcsId=10565) Sımga-Mugan, C., Hosal-Akman, N. (2012), Principles of Financial Accounting based on IFRS, 5th Edition, McGraw-Hill, ISBN 9780077145934 (http://highered.mheducation.com/sites/0077138058/information_center_view0/book_preface.html) |
Suggested Readings/Materials | Nobles, Mattison, Matsumura (2017), Horngren’s Accounting, 12th edition, Pearson, ISBN-13: 978-0134486789 |
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 | 1 | 30 |
Final Exam | 1 | 50 |
Total |
Weighting of Semester Activities on the Final Grade | 2 | 50 |
Weighting of End-of-Semester Activities on the Final Grade | 1 | 50 |
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 | 4 | 60 |
Field Work | |||
Quizzes / Studio Critiques | |||
Portfolio | |||
Homework / Assignments | 1 | 20 | |
Presentation / Jury | |||
Project | |||
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 30 | |
Final Exams | 1 | 45 | |
Total | 203 |
# | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
1 | To improve and deepen expertise in economics and finance. | |||||
2 | To be able to comprehend the interaction between economics, finance and related fields. | X | ||||
3 | To be able to apply the advanced level knowledge acquired in economics and finance. | |||||
4 | To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods. | X | ||||
5 | To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels. | |||||
6 | To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems. | X | ||||
7 | To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it. | |||||
8 | To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values. | |||||
9 | To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently. | |||||
10 | To be able to use a foreign language for both following scientific progress and for written and oral communication. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest