FACULTY OF BUSINESS
Accounting and Auditing Program
BA 221 | 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
|
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| Course Language |
English
|
|||||
| Course Type |
Service Course
|
|||||
| Course Level |
First Cycle
|
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| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | Problem SolvingLecture / 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;
|
| 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. |
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 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 Exams | ||
| 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 |
|---|---|---|---|
| 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
|
2
|
28
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
1
|
19
|
19
|
| Presentation / Jury |
0
|
||
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
18
|
18
|
| Final Exam |
1
|
27
|
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 acquire theoretical and practical knowledge and skills in the area. |
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| 2 | To be able to approach problems with an analytical and holistic viewpoint. |
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| 3 | To be able to gain knowledge about both national and international accounting and auditing standards. |
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| 4 | To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats. |
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| 5 | To be able to critically evaluate the performance of accounting and other related management information systems, and organizations. |
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| 6 | To be able to develop innovative and creative approach to real-life business issues. |
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| 7 | To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective. |
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| 8 | To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing. |
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| 9 | To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member. |
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| 10 | To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions. |
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| 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). |
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| 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. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
NEWS |ALL NEWS
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Exemplary cooperation from IUE and PwC to support education
The agreement made with PwC firm will provide priority internship and job opportunities to the students of IUE Accounting and Auditing Program.
