Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| PRINCIPLES of 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 | The 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 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 |
| 1. Will be able to interpret the basic principles and assumptions of financial accounting. | 12, 16, 6, 9 | A |
| 1.1. Recognize the principles of accounting. | 6, 9 | A |
| 1.2. Use uniform chart of accounts. | 16, 9 | A |
| 1.3. Explains the accounts and groups in the uniform chart of accounts. | 6, 9 | A |
| 2. Will be able to explain the financial reports and the financial statements of business organizations. | 12, 16, 6, 9 | A |
| 2.1. Tell the types of financial statements. | 16, 6, 9 | A |
| 2.2. Explain the users of financial tables. | 6, 9 | A |
| 2.3. Tell why and how International (Turkish) Financial Reporting Standards are implemented. | 6, 9 | A |
| 3. Will be able to explane the accounting process and cycles from transactions to presenting the financial statements of business organizations. | 12, 16, 9 | A |
| 3.1. Define accounting information system. | 9 | A |
| 3.2. Use the documents and books related to accounting. | 6, 9 | A |
| 3.3. Apply the accounting entries during and at the end of the period. | 12, 16, 6, 9 | A |
| 3.4. Interpret the accounting entries. | 6, 9 | A |
| 4. Will be able to debate the performance of the business organization, considering the results in the financial statements. | 12, 16, 6, 9 | A |
| 4.1. Illustrate the basic financial tables, such as income statement and the balance sheet. | 6, 9 | A |
| 4.2. Calculate the profit / loss of a business organization. | 12, 6, 9 | A |
| 4.3. Classifies income and expenses under related groups. | 9 | A |
| 5. Will be able to analyze businesses financially. | 12, 16, 6, 9 | A |
| 5.1. Categorize the assets and liabilities of a business organization according to their nature. | 6, 9 | A |
| 5.2. Relate the business transactions and the results presented in the financial statements. | 12, 16, 9 | A |
| 5.3. Applies the basic classification criteria in financial statements. | 6, 9 | A |
| Teaching Methods: | 12: Problem Solving 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 | Relevant chapter from the first source book |
| 2 | Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accounts | Relevant chapter from the first source book |
| 3 | Financial statements, users of and using financial statements, International Financial Reporting Standards | Relevant chapter from the first source book |
| 4 | Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and books | Relevant chapter from the first source book |
| 5 | Assets and liability accounts, inventories, sales revenue | |
| 6 | Inventory valuation methods | |
| 7 | Financial assets, tangible and intangible assets, fixed assets | |
| 8 | Calculating and recording depreciation | |
| 9 | Income and expenses, payroll accounting | |
| 10 | Expense accruals, revenue accruals | |
| 11 | Year-end adjustments, closing entries | |
| 12 | Preparation and presentation of financial statements (income statement) | |
| 13 | Preparation and presentation of financial statements (balance sheet) | |
| 14 | Owners’ 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 | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Defines the theoretical issues in the field of information and management. | X | |||||
| 2 | Describes the necessary mathematical and statistical methods in the field of information and management. | ||||||
| 3 | Uses at least one computer program in the field of information and management. | ||||||
| 4 | Sustains proficiency in a foreign language requiredor information and management studies. | ||||||
| 5 | Prepares informatics/software projects and work in a team. | ||||||
| 6 | Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.7. Uses theoretical and practical expertise in the field of information and management | ||||||
| 7 | Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills. | X | |||||
| 8 | Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication. | ||||||
| 9 | Adopts organizational / institutional and social ethical values. | ||||||
| 10 | Within the framework of community involvement adopts social responsibility principles and takes initiative when necessary. | ||||||
| 11 | Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies. | X | |||||
| 12 | Writes software in different platforms such as desktop, mobile, web on its own and / or in a team. | ||||||
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 | 2 | 28 | |||
| 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 | 14 | 1 | 14 | |||
| Midterm Exam | 1 | 11 | 11 | |||
| General Exam | 1 | 12 | 12 | |||
| Performance Task, Maintenance Plan | 10 | 1 | 10 | |||
| 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
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| PRINCIPLES of 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 | The 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 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 |
| 1. Will be able to interpret the basic principles and assumptions of financial accounting. | 12, 16, 6, 9 | A |
| 1.1. Recognize the principles of accounting. | 6, 9 | A |
| 1.2. Use uniform chart of accounts. | 16, 9 | A |
| 1.3. Explains the accounts and groups in the uniform chart of accounts. | 6, 9 | A |
| 2. Will be able to explain the financial reports and the financial statements of business organizations. | 12, 16, 6, 9 | A |
| 2.1. Tell the types of financial statements. | 16, 6, 9 | A |
| 2.2. Explain the users of financial tables. | 6, 9 | A |
| 2.3. Tell why and how International (Turkish) Financial Reporting Standards are implemented. | 6, 9 | A |
| 3. Will be able to explane the accounting process and cycles from transactions to presenting the financial statements of business organizations. | 12, 16, 9 | A |
| 3.1. Define accounting information system. | 9 | A |
| 3.2. Use the documents and books related to accounting. | 6, 9 | A |
| 3.3. Apply the accounting entries during and at the end of the period. | 12, 16, 6, 9 | A |
| 3.4. Interpret the accounting entries. | 6, 9 | A |
| 4. Will be able to debate the performance of the business organization, considering the results in the financial statements. | 12, 16, 6, 9 | A |
| 4.1. Illustrate the basic financial tables, such as income statement and the balance sheet. | 6, 9 | A |
| 4.2. Calculate the profit / loss of a business organization. | 12, 6, 9 | A |
| 4.3. Classifies income and expenses under related groups. | 9 | A |
| 5. Will be able to analyze businesses financially. | 12, 16, 6, 9 | A |
| 5.1. Categorize the assets and liabilities of a business organization according to their nature. | 6, 9 | A |
| 5.2. Relate the business transactions and the results presented in the financial statements. | 12, 16, 9 | A |
| 5.3. Applies the basic classification criteria in financial statements. | 6, 9 | A |
| Teaching Methods: | 12: Problem Solving 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 | Relevant chapter from the first source book |
| 2 | Branches of accounting, double entry accounting, basic accounting equation, uniform chart of accounts | Relevant chapter from the first source book |
| 3 | Financial statements, users of and using financial statements, International Financial Reporting Standards | Relevant chapter from the first source book |
| 4 | Accounting process from transactions to presenting financial statements, accounting information systems, accounting documents and books | Relevant chapter from the first source book |
| 5 | Assets and liability accounts, inventories, sales revenue | |
| 6 | Inventory valuation methods | |
| 7 | Financial assets, tangible and intangible assets, fixed assets | |
| 8 | Calculating and recording depreciation | |
| 9 | Income and expenses, payroll accounting | |
| 10 | Expense accruals, revenue accruals | |
| 11 | Year-end adjustments, closing entries | |
| 12 | Preparation and presentation of financial statements (income statement) | |
| 13 | Preparation and presentation of financial statements (balance sheet) | |
| 14 | Owners’ 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 | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Defines the theoretical issues in the field of information and management. | X | |||||
| 2 | Describes the necessary mathematical and statistical methods in the field of information and management. | ||||||
| 3 | Uses at least one computer program in the field of information and management. | ||||||
| 4 | Sustains proficiency in a foreign language requiredor information and management studies. | ||||||
| 5 | Prepares informatics/software projects and work in a team. | ||||||
| 6 | Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.7. Uses theoretical and practical expertise in the field of information and management | ||||||
| 7 | Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills. | X | |||||
| 8 | Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication. | ||||||
| 9 | Adopts organizational / institutional and social ethical values. | ||||||
| 10 | Within the framework of community involvement adopts social responsibility principles and takes initiative when necessary. | ||||||
| 11 | Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies. | X | |||||
| 12 | Writes software in different platforms such as desktop, mobile, web on its own and / or in a team. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |