It is intended to teach the management of the financial situation of the business and to instruct the end of the period for the registration and reporting of the business transactions in order to shed light on the decisions taken by the managers. At the end of the course, students are expected to come to the point where they can arrange financial statements such as balance sheet, income statement by accounting financial events that may occur during a period in an enterprise.
Course Content
This course contains; Introduction to Financial Accounting,Basic Concepts of Financial Accounts,Process of Financial Accounting; Financial Statements and documentsls,General Accounts of Finacial Accounting and Journal Entries,General ledger entries,Current and Fixed assets tranactions,Liabilities and equity transactions,Trial Balance,End-of-period adjustments,Income statement,Closing entries,Adjusted trial balance,Closing balance sheet,Monography.
Course Learning Outcomes
Teaching Methods
Assessment Methods
1. Will be able to explain the role of the financial accountanting, the difference from other accounting areas.
16, 9
A
1.1. Explains financial accounting
9
A
1.2. Explains the difference between financial accaounting and other accounting areas
14, 9
A
1.3. Evaluates the functions of financial accounting
16, 9
A
2. Wil be able to explain the financial statements and the accounts of the statements
16, 9
A
2.1. Explains the balance sheet and its accounts
16, 9
A
2.2. Explains income statement and its accounts
12, 9
A
2.3. Explains and exemplifies the balance sheet and income statement
16, 9
A
3. Will be able to make accounting transactions about current asset accounts.
16, 9
A
3.1. Records the journal entries of the Current Assets item in the journal
16, 9
A
3.2. Records the ledger entries of the Current Assets item in the ledger
16, 9
A
3.3 Performs valuation of current asset accounts
16, 9
A
4. Will be able to make accounting transactions about fixed asset accounts
16, 9
A
4.1. Records the journal entries of the fixed assets item in the journal
16, 9
A
4.2. Records the ledger entries of the fixed Assets item in the ledger
16, 9
4.3 Performs valuation of current asset accounts
16, 9
A
5. Will be able to make accounting transactions about liability accounts.
16, 9
A
5.1. Records the journal entries of the liabilities item in the journal
16, 9
A
5.2. Records the ledger entries of the liabilities item in the ledger
16, 9
A
5.3 Performs valuation of current asset accounts
16, 9
A
Teaching Methods:
12: Problem Solving Method, 14: Self Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introduction to Financial Accounting
2
Basic Concepts of Financial Accounts
3
Process of Financial Accounting; Financial Statements and documentsls
4
General Accounts of Finacial Accounting and Journal Entries
5
General ledger entries
6
Current and Fixed assets tranactions
7
Liabilities and equity transactions
8
Trial Balance
9
End-of-period adjustments
10
Income statement
11
Closing entries
12
Adjusted trial balance
13
Closing balance sheet
14
Monography
Resources
Lecture Notes
Financial Accounting, Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas, Pearson Education; 10th edition, 2014.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
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
0
0
0
Resolution of Homework Problems and Submission as a Report
14
2
28
Term Project
14
3
42
Presentation of Project / Seminar
0
0
0
Quiz
1
5
5
Midterm Exam
1
10
10
General Exam
1
15
15
Performance Task, Maintenance Plan
3
3
9
Total Workload(Hour)
151
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(151/30)
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
FINANCIAL ACCOUNTING
-
Fall Semester
3+0
3
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
English
Course Level
First Cycle (Bachelor's Degree)
Course Type
Required
Course Coordinator
Assist.Prof. Selman DURAN
Name of Lecturer(s)
Assist.Prof. Selman DURAN
Assistant(s)
Aim
It is intended to teach the management of the financial situation of the business and to instruct the end of the period for the registration and reporting of the business transactions in order to shed light on the decisions taken by the managers. At the end of the course, students are expected to come to the point where they can arrange financial statements such as balance sheet, income statement by accounting financial events that may occur during a period in an enterprise.
Course Content
This course contains; Introduction to Financial Accounting,Basic Concepts of Financial Accounts,Process of Financial Accounting; Financial Statements and documentsls,General Accounts of Finacial Accounting and Journal Entries,General ledger entries,Current and Fixed assets tranactions,Liabilities and equity transactions,Trial Balance,End-of-period adjustments,Income statement,Closing entries,Adjusted trial balance,Closing balance sheet,Monography.
Course Learning Outcomes
Teaching Methods
Assessment Methods
1. Will be able to explain the role of the financial accountanting, the difference from other accounting areas.
16, 9
A
1.1. Explains financial accounting
9
A
1.2. Explains the difference between financial accaounting and other accounting areas
14, 9
A
1.3. Evaluates the functions of financial accounting
16, 9
A
2. Wil be able to explain the financial statements and the accounts of the statements
16, 9
A
2.1. Explains the balance sheet and its accounts
16, 9
A
2.2. Explains income statement and its accounts
12, 9
A
2.3. Explains and exemplifies the balance sheet and income statement
16, 9
A
3. Will be able to make accounting transactions about current asset accounts.
16, 9
A
3.1. Records the journal entries of the Current Assets item in the journal
16, 9
A
3.2. Records the ledger entries of the Current Assets item in the ledger
16, 9
A
3.3 Performs valuation of current asset accounts
16, 9
A
4. Will be able to make accounting transactions about fixed asset accounts
16, 9
A
4.1. Records the journal entries of the fixed assets item in the journal
16, 9
A
4.2. Records the ledger entries of the fixed Assets item in the ledger
16, 9
4.3 Performs valuation of current asset accounts
16, 9
A
5. Will be able to make accounting transactions about liability accounts.
16, 9
A
5.1. Records the journal entries of the liabilities item in the journal
16, 9
A
5.2. Records the ledger entries of the liabilities item in the ledger
16, 9
A
5.3 Performs valuation of current asset accounts
16, 9
A
Teaching Methods:
12: Problem Solving Method, 14: Self Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introduction to Financial Accounting
2
Basic Concepts of Financial Accounts
3
Process of Financial Accounting; Financial Statements and documentsls
4
General Accounts of Finacial Accounting and Journal Entries
5
General ledger entries
6
Current and Fixed assets tranactions
7
Liabilities and equity transactions
8
Trial Balance
9
End-of-period adjustments
10
Income statement
11
Closing entries
12
Adjusted trial balance
13
Closing balance sheet
14
Monography
Resources
Lecture Notes
Financial Accounting, Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas, Pearson Education; 10th edition, 2014.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
