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Course Detail

Course Description

CourseCodeSemesterT+P (Hour)CreditECTS
PRINCIPLES of ACCOUNTINGBUS1234480Spring Semester3+035
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of CourseEnglish
Course LevelFirst Cycle (Bachelor's Degree)
Course TypeRequired
Course CoordinatorAssist.Prof. Selman DURAN
Name of Lecturer(s)Assist.Prof. Selman DURAN
Assistant(s)
AimThe objective of the course is to acquire the basic accounting knowledge and skills which are necessary for the process related to financial reporting and financial tables.
Course ContentThis 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 KazanımlarıTeaching MethodsAssessment Methods
1. Will be able to interpret the basic principles and assumptions of financial accounting.12, 16, 6, 9A
1.1. Recognize the principles of accounting.6, 9A
1.2. Use uniform chart of accounts.16, 9A
1.3. Explains the accounts and groups in the uniform chart of accounts.6, 9A
2. Will be able to explain the financial reports and the financial statements of business organizations.12, 16, 6, 9A
2.1. Tell the types of financial statements.16, 6, 9A
2.2. Explain the users of financial tables.6, 9A
2.3. Tell why and how International (Turkish) Financial Reporting Standards are implemented.6, 9A
3. Will be able to explane the accounting process and cycles from transactions to presenting the financial statements of business organizations.12, 16, 9A
3.1. Define accounting information system.9A
3.2. Use the documents and books related to accounting.6, 9A
3.3. Apply the accounting entries during and at the end of the period.12, 16, 6, 9A
3.4. Interpret the accounting entries.6, 9A
4. Will be able to debate the performance of the business organization, considering the results in the financial statements.12, 16, 6, 9A
4.1. Illustrate the basic financial tables, such as income statement and the balance sheet.6, 9A
4.2. Calculate the profit / loss of a business organization.12, 6, 9A
4.3. Classifies income and expenses under related groups.9A
5. Will be able to analyze businesses financially.12, 16, 6, 9A
5.1. Categorize the assets and liabilities of a business organization according to their nature.6, 9A
5.2. Relate the business transactions and the results presented in the financial statements.12, 16, 9A
5.3. Applies the basic classification criteria in financial statements.6, 9A
Teaching Methods:12: Problem Solving Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:A: Traditional Written Exam

Course Outline

OrderSubjectsPreliminary Work
1Basic concepts, definitions and assumptions of accounting, generally accepted accounting principlesRelevant chapter from the first source book
2Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accountsRelevant chapter from the first source book
3Financial statements, users of and using financial statements, International Financial Reporting StandardsRelevant chapter from the first source book
4Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and booksRelevant chapter from the first source book
5Assets and liability accounts, inventories, sales revenue
6Inventory valuation methods
7Financial assets, tangible and intangible assets, fixed assets
8Calculating and recording depreciation
9Income and expenses, payroll accounting
10Expense accruals, revenue accruals
11Year-end adjustments, closing entries
12Preparation and presentation of financial statements (income statement)
13Preparation and presentation of financial statements (balance sheet)
14Owners’ equity accounts, capital, cash flow, earnings and dividends, and an evaluation of firm performance
Resources
Accounting Principles, Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Wiley , 12. Edition, 2015 Fundamentals of financial accounting Phillips, F., Clor-Proell, S., Libby, R., & Libby, P. A. 2022.
Principles of Management Accounting. Sultan Chand & Sons. Maheshwari, S. N., Maheshwari, S. K., 2021.

Course Contribution to Program Qualifications

Course Contribution to Program Qualifications
NoProgram QualificationContribution Level
12345
1
Defines the theoretical issues in the field of business administration
X
2
Describes the necessary qualitative and quantitative methods in the field of business and management.
X
3
Uses at least one computer program in the field of business and management
X
4
Sustains proficiency in a foreign language required for business and management.
X
5
Prepares managerial investment projects and work in a team.
X
6
Constantly renews himself / herself by following developments in business and management with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
X
7
Uses theoretical and practical expertise in the field of business administration
X
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication.
X
9
Adopts organizational / institutional and social ethical values.
X
10
Within the framework of service responsiveness, adopts social responsibility principles and takes initiative when necessary.
X
11
Uses and analyses basic facts and data in different disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
X
12
Uses and Analyses the fundamental and advanced techniques in the field to enhance business performance, productivity, sustainability,innovation and research, efficiency and effectiveness.
X

Assessment Methods

Contribution LevelAbsolute Evaluation
Rate of Midterm Exam to Success 40
Rate of Final Exam to Success 60
Total 100
ECTS / Workload Table
ActivitiesNumber ofDuration(Hour)Total Workload(Hour)
Course Hours14228
Guided Problem Solving14228
Resolution of Homework Problems and Submission as a Report14342
Term Project000
Presentation of Project / Seminar000
Quiz14114
Midterm Exam11111
General Exam11212
Performance Task, Maintenance Plan10110
Total Workload(Hour)145
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(145/30)5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.

Detail Informations of the Course

Course Description

CourseCodeSemesterT+P (Hour)CreditECTS
PRINCIPLES of ACCOUNTINGBUS1234480Spring Semester3+035
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of CourseEnglish
Course LevelFirst Cycle (Bachelor's Degree)
Course TypeRequired
Course CoordinatorAssist.Prof. Selman DURAN
Name of Lecturer(s)Assist.Prof. Selman DURAN
Assistant(s)
AimThe objective of the course is to acquire the basic accounting knowledge and skills which are necessary for the process related to financial reporting and financial tables.
Course ContentThis 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 KazanımlarıTeaching MethodsAssessment Methods
1. Will be able to interpret the basic principles and assumptions of financial accounting.12, 16, 6, 9A
1.1. Recognize the principles of accounting.6, 9A
1.2. Use uniform chart of accounts.16, 9A
1.3. Explains the accounts and groups in the uniform chart of accounts.6, 9A
2. Will be able to explain the financial reports and the financial statements of business organizations.12, 16, 6, 9A
2.1. Tell the types of financial statements.16, 6, 9A
2.2. Explain the users of financial tables.6, 9A
2.3. Tell why and how International (Turkish) Financial Reporting Standards are implemented.6, 9A
3. Will be able to explane the accounting process and cycles from transactions to presenting the financial statements of business organizations.12, 16, 9A
3.1. Define accounting information system.9A
3.2. Use the documents and books related to accounting.6, 9A
3.3. Apply the accounting entries during and at the end of the period.12, 16, 6, 9A
3.4. Interpret the accounting entries.6, 9A
4. Will be able to debate the performance of the business organization, considering the results in the financial statements.12, 16, 6, 9A
4.1. Illustrate the basic financial tables, such as income statement and the balance sheet.6, 9A
4.2. Calculate the profit / loss of a business organization.12, 6, 9A
4.3. Classifies income and expenses under related groups.9A
5. Will be able to analyze businesses financially.12, 16, 6, 9A
5.1. Categorize the assets and liabilities of a business organization according to their nature.6, 9A
5.2. Relate the business transactions and the results presented in the financial statements.12, 16, 9A
5.3. Applies the basic classification criteria in financial statements.6, 9A
Teaching Methods:12: Problem Solving Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:A: Traditional Written Exam

Course Outline

OrderSubjectsPreliminary Work
1Basic concepts, definitions and assumptions of accounting, generally accepted accounting principlesRelevant chapter from the first source book
2Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accountsRelevant chapter from the first source book
3Financial statements, users of and using financial statements, International Financial Reporting StandardsRelevant chapter from the first source book
4Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and booksRelevant chapter from the first source book
5Assets and liability accounts, inventories, sales revenue
6Inventory valuation methods
7Financial assets, tangible and intangible assets, fixed assets
8Calculating and recording depreciation
9Income and expenses, payroll accounting
10Expense accruals, revenue accruals
11Year-end adjustments, closing entries
12Preparation and presentation of financial statements (income statement)
13Preparation and presentation of financial statements (balance sheet)
14Owners’ equity accounts, capital, cash flow, earnings and dividends, and an evaluation of firm performance
Resources
Accounting Principles, Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Wiley , 12. Edition, 2015 Fundamentals of financial accounting Phillips, F., Clor-Proell, S., Libby, R., & Libby, P. A. 2022.
Principles of Management Accounting. Sultan Chand & Sons. Maheshwari, S. N., Maheshwari, S. K., 2021.

Course Contribution to Program Qualifications

Course Contribution to Program Qualifications
NoProgram QualificationContribution Level
12345
1
Defines the theoretical issues in the field of business administration
X
2
Describes the necessary qualitative and quantitative methods in the field of business and management.
X
3
Uses at least one computer program in the field of business and management
X
4
Sustains proficiency in a foreign language required for business and management.
X
5
Prepares managerial investment projects and work in a team.
X
6
Constantly renews himself / herself by following developments in business and management with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
X
7
Uses theoretical and practical expertise in the field of business administration
X
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication.
X
9
Adopts organizational / institutional and social ethical values.
X
10
Within the framework of service responsiveness, adopts social responsibility principles and takes initiative when necessary.
X
11
Uses and analyses basic facts and data in different disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
X
12
Uses and Analyses the fundamental and advanced techniques in the field to enhance business performance, productivity, sustainability,innovation and research, efficiency and effectiveness.
X

Assessment Methods

Contribution LevelAbsolute Evaluation
Rate of Midterm Exam to Success 40
Rate of Final Exam to Success 60
Total 100

Numerical Data

Ekleme Tarihi: 09/10/2023 - 09:58Son Güncelleme Tarihi: 09/10/2023 - 10:00