FACULTY OF BUSINESS

Accounting and Auditing Program

ACC 341 | Course Introduction and Application Information

Course Name
Intermediate Accounting II
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ACC 341
Fall/Spring
3
0
3
8

Prerequisites
  BA 221 To succeed (To get a grade of at least DD)
or ACC 201 To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Service Course
Course Level
First Cycle
Mode of Delivery Blended
Teaching Methods and Techniques of the Course Discussion
Problem Solving
Case Study
Q&A
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives This course is a continuation of BA 341 Intermediate Accounting I. The course is designed to provide deeper understanding and proper application of core IFRS/IAS by emphasizing application of more complex accounting and reporting topics than those discussed in BA 341. By doing so, the course will develop a base for advanced accounting topics those mainly devoted to accounting for business groups.
Learning Outcomes The students who succeeded in this course;
  • Apply accounting and reporting procedures for current and non-current liabilities, provisions and contingent liabilities.
  • Understand dividend transactions.
  • Use accounting applications for treasury stock.
  • Explain the concepts and reporting requirements of lease transactions.
  • Use judgement in developing and applying an accounting policy.
  • Apply proper reporting procedures for errors and accounting policy changes.
Course Description As the second of two intermediate accounting courses, this course is designed to provide an in-depth analysis of current and non-current liabilities, provisions, contingencies, revenue recognition, accounting policy changes and error analysis, and accounting for pensions, leasing and stockholder's equity.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction to Course
2 Current Liabilities, Provisions and Contingencies Chapter 13
3 Current Liabilities, Provisions and Contingencies Chapter 13
4 Non-Current Liabilities Chapter 14
5 Non-Current Liabilities Chapter 14
6 Investments - Basics of accounting for subsidiaries and associates Chapter 17
7 Investments - Basics of accounting for subsidiaries and associates Chapter 17
8 Revenue Recognition Chapter 18
9 Midterm
10 Corporations and Stockholders’ Equity Chapter 19
11 Treasury Stock Chapter 19
12 Dividends Chapter 19
13 Accounting Policy Changes and Errors Handouts
14 Accounting for Leases IFRS 16
15 Review of the semester
16 Final Exam

 

Course Notes/Textbooks

Intermediate Accounting, IFRS Edition, 2nd Edition by Kieso, Weygandt and Warfield, Wiley, 2014, ISBN-13 978-1-118-44396-5

Suggested Readings/Materials

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

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
5
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
1
10
Project
1
15
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
4
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
14
5
70
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
0
Presentation / Jury
1
6
6
Project
1
20
20
Seminar / Workshop
0
Oral Exam
0
Midterms
1
35
35
Final Exam
1
45
45
    Total
224

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire theoretical and practical knowledge and skills in the area.

2

To be able to approach problems with an analytical and holistic viewpoint.

X
3

To be able to gain knowledge about both national and international accounting and auditing standards.

X
4

To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats.

5

To be able to critically evaluate the performance of accounting and other related management information systems, and organizations.

6

To be able to develop innovative and creative approach to real-life business issues.

7

To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective.

8

To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing.

X
9

To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member.

10

To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions.

11

To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout the human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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