| 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 | 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 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 | |
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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 | 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 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
