Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| BASIC PRINCIPLES of ACCOUNTING | HVY1141250 | Fall Semester | 3+0 | 3 | 5 |
| Course Program | Cuma 16:30-17:15 Cuma 17:30-18:15 Cuma 18:30-19:15 |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Selman DURAN |
| Name of Lecturer(s) | Assist.Prof. İpek YAYLALI |
| Assistant(s) | |
| Aim | The objective of the course is to get familiar with financial reporting and basic financial statements of business organizations, and to acquire the basic knowledge and the skills for preparing, presenting and interpreting financial statements. |
| Course Content | This course contains; Basic concepts, definitions and assumptions of accounting, generally accepted accounting principles,Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accounts,Financial statements, users of and using financial statements, International Financial Reporting Standards,Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and books,Assets and liability accounts, inventories, sales revenue,Inventory valuation methods,Financial assets, tangible and intangible assets, fixed assets,Calculating and recording depreciation,Income and expenses, payroll accounting,Expense accruals, revenue accruals,Year-end adjustments, closing entries,Preparation and presentation of financial statements (income statement),Preparation and presentation of financial statements (balance sheet),Owners’ equity accounts, capital, cash flow, earnings and dividends, and an evaluation of firm performance. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| Will be able to record financial activities in appropriate accounting books. | 12, 14, 6, 9 | A |
| 1. Will be able to interpret the basic principles and assumptions of financial accounting. | 16, 9 | A |
| 1.1. Tells the branches of accounting. | ||
| 1.2. Recognizes the generally accepted accounting principles. | ||
| 1.3. Explains the financial reports and the financial statements of business organizations. | ||
| 1.4. Explains the users of financial statements. | ||
| 1.5. Uses uniform chart of accounts. | ||
| 1.6. Tells why and how International (Turkish) Financial Reporting Standards are implemented. | ||
| 2. Will be able to demonstrate the accounting process and cycles from transactions to presenting the financial statements of business organizations. | 16, 6, 9 | A |
| 2.1. Defines accounting information system. | ||
| 2.2. Uses the documents and books related to accounting. | ||
| 2.3. Applies the accounting entries during and at the end of the period. | ||
| 2.4. Interprets the accounting entries. | ||
| 3. Will be able to debate the performance of the business organization, considering the results in the financial statements. | 14, 16, 6, 9 | A |
| 3.1. Illustrates the income statement and the balance sheet. | ||
| 3.2. Calculates the profit / loss of a business organization. | ||
| 3.3. Categorizes the assets and liabilities of a business organization according to their nature. | ||
| 3.4. Relates the business transactions and the results presented in the financial statements. | ||
| 4.1. Records daily financial events in the journal. | ||
| 4.2. Transfers the transactions recorded in the journal to the general ledger appropriately. | ||
| 4.3. Prepares the periodical trial balance based on the general ledger records. | ||
| 5. Will be able to apply accounting equivalence and balance sheet equality. | 14, 6, 9 | A |
| 5.1. Applies the procedures to ensure that assets and resources are equal. | ||
| 5.2. Keeps the debit side amount equal to the credit side amount in recording transactions. | ||
| 5.3. Distinguishes the accounts in the general ledger that give credit and debit balance. |
| Teaching Methods: | 12: Problem Solving Method, 14: Self Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Basic concepts, definitions and assumptions of accounting, generally accepted accounting principles | Reading and preparing business and accounting concepts |
| 2 | Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accounts | Reading and preparing business and accounting concepts |
| 3 | Financial statements, users of and using financial statements, International Financial Reporting Standards | Reading lecture notes |
| 4 | Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and books | Reading lecture notes |
| 5 | Assets and liability accounts, inventories, sales revenue | Reading lecture notes |
| 6 | Inventory valuation methods | Reading lecture notes |
| 7 | Financial assets, tangible and intangible assets, fixed assets | Reading lecture notes |
| 8 | Calculating and recording depreciation | Reading and preparing business and accounting concepts |
| 9 | Income and expenses, payroll accounting | Reading and preparing business and accounting concepts |
| 10 | Expense accruals, revenue accruals | Reading lecture notes |
| 11 | Year-end adjustments, closing entries | Reading lecture notes |
| 12 | Preparation and presentation of financial statements (income statement) | Reading lecture notes |
| 13 | Preparation and presentation of financial statements (balance sheet) | Reading lecture notes |
| 14 | Owners’ equity accounts, capital, cash flow, earnings and dividends, and an evaluation of firm performance | Reading lecture notes |
| Resources |
| "Financial Accounting: An Introduction to Concepts, Methods and Uses" - Clyde P. Stickney, Roman L. Weil, and Katherine Schipper, Cengage Learning, 2021 "Financial Accounting: Tools for Business Decision Making" - Paul D. Kimmel, Jerry J. Weygandt, and Donald E. Kieso, Wiley, 2021 Genel Muhasebe: İlkeler ve Tekdüzen Hesap Planı Uygulamaları, Gürbüz Gökçen, Beta Yayınları, 6. Edition, 2018 Genel Muhasebe, Orhan Sevilengül, Gazi Kitabevi, 19. Edition, 2020. Genel Muhasebe, Gülnihal Toramanlı, Detay Yayınevi, 2019 |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Defines the theoretical knowledge in the field of aviation management. | ||||||
| 2 | Explains the necessary of mathematical and statistical methods in the field of aviation management. | X | |||||
| 3 | Uses at least one computer program required in the field of aviation management. | ||||||
| 4 | Demonstrates proficiency in foreign language proficiency required in the field of aviation management. | ||||||
| 5 | Prepares projects about his field and manages team works. | ||||||
| 6 | It critically evaluates the knowledge and skills that it constantly renews and acquires by following the developments in the field of Aviation management with the awareness of lifelong learning in the professional field, | ||||||
| 7 | Uses theoretical and practical information in the field of aviation management. | ||||||
| 8 | Follows up to date technologies and communicates verbally/writing using a foreign language at least A2 level. | ||||||
| 9 | Adopts and uses organizational / corporate, business and social ethical values. | ||||||
| 10 | It adopts social responsibility principles and takes initiative when necessary, within the framework of public service sensitivity. | ||||||
| 11 | In order to carry out interdisciplinary studies, analyze basic information and data in different disciplines and use them in the field. | X | |||||
| 12 | It offers appropriate suggestions in both micro and macro frameworks in the face of problems in the aviation management sectors. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 14 | 2 | 28 | |||
| Resolution of Homework Problems and Submission as a Report | 14 | 3 | 42 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 0 | 0 | 0 | |||
| Midterm Exam | 1 | 10 | 10 | |||
| General Exam | 1 | 11 | 11 | |||
| Performance Task, Maintenance Plan | 10 | 2 | 20 | |||
| Total Workload(Hour) | 153 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(153/30) | 5 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| BASIC PRINCIPLES of ACCOUNTING | HVY1141250 | Fall Semester | 3+0 | 3 | 5 |
| Course Program | Cuma 16:30-17:15 Cuma 17:30-18:15 Cuma 18:30-19:15 |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Selman DURAN |
| Name of Lecturer(s) | Assist.Prof. İpek YAYLALI |
| Assistant(s) | |
| Aim | The objective of the course is to get familiar with financial reporting and basic financial statements of business organizations, and to acquire the basic knowledge and the skills for preparing, presenting and interpreting financial statements. |
| Course Content | This course contains; Basic concepts, definitions and assumptions of accounting, generally accepted accounting principles,Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accounts,Financial statements, users of and using financial statements, International Financial Reporting Standards,Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and books,Assets and liability accounts, inventories, sales revenue,Inventory valuation methods,Financial assets, tangible and intangible assets, fixed assets,Calculating and recording depreciation,Income and expenses, payroll accounting,Expense accruals, revenue accruals,Year-end adjustments, closing entries,Preparation and presentation of financial statements (income statement),Preparation and presentation of financial statements (balance sheet),Owners’ equity accounts, capital, cash flow, earnings and dividends, and an evaluation of firm performance. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| Will be able to record financial activities in appropriate accounting books. | 12, 14, 6, 9 | A |
| 1. Will be able to interpret the basic principles and assumptions of financial accounting. | 16, 9 | A |
| 1.1. Tells the branches of accounting. | ||
| 1.2. Recognizes the generally accepted accounting principles. | ||
| 1.3. Explains the financial reports and the financial statements of business organizations. | ||
| 1.4. Explains the users of financial statements. | ||
| 1.5. Uses uniform chart of accounts. | ||
| 1.6. Tells why and how International (Turkish) Financial Reporting Standards are implemented. | ||
| 2. Will be able to demonstrate the accounting process and cycles from transactions to presenting the financial statements of business organizations. | 16, 6, 9 | A |
| 2.1. Defines accounting information system. | ||
| 2.2. Uses the documents and books related to accounting. | ||
| 2.3. Applies the accounting entries during and at the end of the period. | ||
| 2.4. Interprets the accounting entries. | ||
| 3. Will be able to debate the performance of the business organization, considering the results in the financial statements. | 14, 16, 6, 9 | A |
| 3.1. Illustrates the income statement and the balance sheet. | ||
| 3.2. Calculates the profit / loss of a business organization. | ||
| 3.3. Categorizes the assets and liabilities of a business organization according to their nature. | ||
| 3.4. Relates the business transactions and the results presented in the financial statements. | ||
| 4.1. Records daily financial events in the journal. | ||
| 4.2. Transfers the transactions recorded in the journal to the general ledger appropriately. | ||
| 4.3. Prepares the periodical trial balance based on the general ledger records. | ||
| 5. Will be able to apply accounting equivalence and balance sheet equality. | 14, 6, 9 | A |
| 5.1. Applies the procedures to ensure that assets and resources are equal. | ||
| 5.2. Keeps the debit side amount equal to the credit side amount in recording transactions. | ||
| 5.3. Distinguishes the accounts in the general ledger that give credit and debit balance. |
| Teaching Methods: | 12: Problem Solving Method, 14: Self Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Basic concepts, definitions and assumptions of accounting, generally accepted accounting principles | Reading and preparing business and accounting concepts |
| 2 | Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accounts | Reading and preparing business and accounting concepts |
| 3 | Financial statements, users of and using financial statements, International Financial Reporting Standards | Reading lecture notes |
| 4 | Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and books | Reading lecture notes |
| 5 | Assets and liability accounts, inventories, sales revenue | Reading lecture notes |
| 6 | Inventory valuation methods | Reading lecture notes |
| 7 | Financial assets, tangible and intangible assets, fixed assets | Reading lecture notes |
| 8 | Calculating and recording depreciation | Reading and preparing business and accounting concepts |
| 9 | Income and expenses, payroll accounting | Reading and preparing business and accounting concepts |
| 10 | Expense accruals, revenue accruals | Reading lecture notes |
| 11 | Year-end adjustments, closing entries | Reading lecture notes |
| 12 | Preparation and presentation of financial statements (income statement) | Reading lecture notes |
| 13 | Preparation and presentation of financial statements (balance sheet) | Reading lecture notes |
| 14 | Owners’ equity accounts, capital, cash flow, earnings and dividends, and an evaluation of firm performance | Reading lecture notes |
| Resources |
| "Financial Accounting: An Introduction to Concepts, Methods and Uses" - Clyde P. Stickney, Roman L. Weil, and Katherine Schipper, Cengage Learning, 2021 "Financial Accounting: Tools for Business Decision Making" - Paul D. Kimmel, Jerry J. Weygandt, and Donald E. Kieso, Wiley, 2021 Genel Muhasebe: İlkeler ve Tekdüzen Hesap Planı Uygulamaları, Gürbüz Gökçen, Beta Yayınları, 6. Edition, 2018 Genel Muhasebe, Orhan Sevilengül, Gazi Kitabevi, 19. Edition, 2020. Genel Muhasebe, Gülnihal Toramanlı, Detay Yayınevi, 2019 |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Defines the theoretical knowledge in the field of aviation management. | ||||||
| 2 | Explains the necessary of mathematical and statistical methods in the field of aviation management. | X | |||||
| 3 | Uses at least one computer program required in the field of aviation management. | ||||||
| 4 | Demonstrates proficiency in foreign language proficiency required in the field of aviation management. | ||||||
| 5 | Prepares projects about his field and manages team works. | ||||||
| 6 | It critically evaluates the knowledge and skills that it constantly renews and acquires by following the developments in the field of Aviation management with the awareness of lifelong learning in the professional field, | ||||||
| 7 | Uses theoretical and practical information in the field of aviation management. | ||||||
| 8 | Follows up to date technologies and communicates verbally/writing using a foreign language at least A2 level. | ||||||
| 9 | Adopts and uses organizational / corporate, business and social ethical values. | ||||||
| 10 | It adopts social responsibility principles and takes initiative when necessary, within the framework of public service sensitivity. | ||||||
| 11 | In order to carry out interdisciplinary studies, analyze basic information and data in different disciplines and use them in the field. | X | |||||
| 12 | It offers appropriate suggestions in both micro and macro frameworks in the face of problems in the aviation management sectors. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |