COURSE INTRODUCTION AND APPLICATION INFORMATION


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 Problem Solving
Lecture / 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;
  • Apply the fundamental accounting principles in recognition of assets, liabilities, equity, expense and revenue items from business transactions.
  • Prepare journal, ledger (T-accounts), trial balance, adjusting and closing entries of an entity.
  • Prepare basic financial statements.
  • Perform bookkeeping and inventory costing of key merchandise transactions.
  • Determine assets depreciation based on different depreciation methods.
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.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Introduction to Accounting Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 1
2 Overview of the Accounting Environment Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 1
3 Financial Statements and Underlying Accounting Concepts Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 2
4 Financial Statements and Underlying Accounting Concepts Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 2
5 Completing the Accounting Cycle - Preparation of single entity financial statements Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 3
6 Completing the Accounting Cycle - Preparation of single entity financial statements Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 3
7 Merchandise Transactions Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 4
8 Inventories Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 5
9 Current Assets and Current Liabilities Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 7&8
10 Current Assets and Current Liabilities Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 7&8
11 Measures of Operating Capacity - Non-Current Assets Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 10
12 Long Term Liabilities and Equity Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 11&12
13 Financial Statements and basic analysis Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 14
14 Financial Statements and basic analysis Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill Chapter 14
15 Review of the Semester
16 Final Exam
Course Notes/Textbooks

Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill, ISBN 9780077145934

Suggested Readings/Materials

http://highered.mcgraw-hill.com/sites/0077138058/information_center_view0/book_preface.html

Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2018), Financial & Managerial Accounting. The basis for business decisions, 18th Edition, McGraw-Hill Education, ISBN 9781259922183 (Online book and assessment tool)

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
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

ECTS / WORKLOAD TABLE

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
19
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
18
Final Exams
1
27
    Total
140

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
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

To be able to solve the legal problems with an analytic and integral point of view.

3

To be able to evaluate the legal knowledge and abilities obtained with a critical approach.

4

To be able to evaluate the developments in legal theory and practice by monitoring local, international and interdisciplinary dimensions.

5

To be able to have awareness of social, professional and scientific principles of ethic behaviour.

6

To be able to take responsibility in solving problems by creative and innovative thinking.

7

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.

8

Working efficiently and effectively, learning how to be a team member, taking responsibilities, being open minded, constructive, open to criticism and having self confidence

9

To be able to use the daily scientific sources and court judgments in the framework of life time learning approach.

10

To be able to inform the related persons and institutions about legal matters both verbally and in written.

11

To be able to monitor the daily legal information/court decisions and interacts with the colleagues in a foreign language (“European Language Portfolio Global Scale” Level B1) .

12

To be able to use 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