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FOREIGN TRADE ACCOUNTING PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
UIT202 FOREIGN TRADE ACCOUNTING 4 3 3 6

GENERAL INFORMATION

Language of Instruction : Turkish
Level of the Course Unit : BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course : Compulsory
Mode of Delivery of the Course Unit -
Coordinator of the Course Unit Prof. MUSTAFA KÖKSAL
Instructor(s) of the Course Unit
Course Prerequisite No

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: Objective of this course is to help students to understand the basic concepts of accounting and related legislation in accordance with the foreign currency, bank, check and note transactions to create accounting records in business life.
Contents of the Course Unit: The contents of the course include; Fundamental concepts of accounting, Uniform Chart of Account on Foreign Trade Transactions, Accounting of Foreign Currency Transactions, Accounting of Imports of Machinery and Services, Calculation of Unit Cost of Imported Goods in the Same Lot.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Organize the basic account plan that can be used in foreign trade practices (Blooms 3).
Calculate exchange rate by applying period end valuation in foreign currency (effective, checks, bank accounts, bills) transactions (Blooms 3).
Apply the accounting transactions of exchange rate differences for assets with foreign currencies (effective, checks, bank accounts, notes, etc.) (Blooms 3).
Implement the accounting of direct export and export registered goods and services (Blooms 3).
List the methods used for the calculation of commercial foreign travel expenses (Blooms 1).
Apply accounting records in the importation of goods or fixed assets (Blooms 3)
Analyze by calculating the cost of more than one kind of goods imported in the same lot (Blooms 4).

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Creating the first impression in the student, preparing the presentation about the course content and methods Fundamental Concepts of Accounting Lecture, Discussion, Assessment
2 Literature research and course preparation Uniform Accounting Plan on Foreign Trade Transactions Lecture, Discussion, Assessment
3 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Register Transactions Based on Foreign Currency Lecture, Discussion, Assessment
4 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Check Transactions Based on Foreign Currency Lecture, Discussion, Assessment
5 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Bank Transactions Based on Foreign Currency Lecture, Discussion, Assessment
6 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Bank Transactions Based on Foreign Currency Lecture, Discussion, Assessment
7 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Bill Transactions Based on Foreign Currency Lecture, Discussion, Assessment
8 - MID-TERM EXAM -
9 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Bill Transactions Based on Foreign Currency Lecture, Discussion, Assessment
10 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Direct Export Transactions Lecture, Discussion, Assessment
11 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Export Registered Sales Transactions Lecture, Discussion, Assessment
12 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Service Export Transactions and Calculation of Foreign Travel Expenses Lecture, Discussion, Assessment
13 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Good Import Transactions Lecture, Discussion, Assessment
14 Creating the first impression in the student, preparing the presentation about the course content and methods Accounting of Machinery and Service Import Transactions Lecture, Discussion, Assessment
15 Creating the first impression in the student, preparing the presentation about the course content and methods Calculation of Unit Cost for Goods Imported in Same Lot Lecture, Discussion, Assessment
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Kirtiş, K. (2013) Dış Ticaret İşlemleri Muhasebesi: Teorik ve Uygulamalı, İstanbul: İstanbul Gelişim Üniversitesi, Yayınları
Arzova, S.B. (2017) Dış Ticaret İşletmeleri ve Muhasebesi, İstanbul: Beta Yayınevi
Gürsoy, Y., Dış Ticaret İşlemleri Muhasebesi, (12. Baskı), Ekin Yayınları
D. Choi, F.(2010) International Accounting, (7. Edition), Pearson Education

ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Summarizing basic and advanced topics in International Trade and Business.
2
2
To define the theories, concepts and principles of International Trade and Business and its sub-fields.
1
3
Interpreting the relationship of International Trade and Business with other disciplines.
2
4
Using the theoretical knowledge gained in the field of International Trade and Business in professional practices and daily life.
2

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Explaining current events and phenomena in the field with a holistic perspective analytically and systematically based on advanced knowledge and skills.
3
2
Solving problems encountered in business life, at individual and organizational level.
2
3
Effective use of computer programs (such as SPSS, R, Excel, Stata) in the face of complex business problems.
1
4
Evaluating the developments in the world from an intellectual perspective in the light of the joint faculty courses taken.
2

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Recognizing new theoretical and practical approaches in the field of International Trade and Business.
3
2
Recognize the relevant literature effectively.
3
3
Independently organize activities towards organizational goals and objectives.
3

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
To conduct qualitative and quantitative research on the subjects related to the field.
4

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
To be able to work independently in the light of the knowledge gained in the field of International Trade and Business and to take responsibility for the work done.
4

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Adopting the philosophy of lifelong learning.
4

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
To use Turkish in written and oral communication in accordance with the rules and effectively.
3
2
Using foreign language skills effectively in business and social life, explaining their demands in writing or verbally.
3
3
To design a healthy communication network in the business world by using social life skills.
4

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Benefiting from the theoretical and historical knowledge of international trade and business; analyzes current issues, events and problems.
3
2
Continually improving their knowledge of the structure and characteristics of the variables of international trade and business.
3

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT

Workload for Learning & Teaching Activities

Type of the Learning Activites Learning Activities (# of week) Duration (hours, h) Workload (h)
Lecture & In-Class Activities 14 3 42
Preliminary & Further Study 12 4 48
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 0 0 0
Assignment (Homework) 0 0 0
Project Work 0 0 0
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 0 0 0
Implementation/Application/Practice 0 0 0
Practice at a workplace 0 0 0
Occupational Activity 0 0 0
Social Activity 0 0 0
Thesis Work 0 0 0
Field Study 0 0 0
Report Writing 0 0 0
Final Exam 1 1 1
Preparation for the Final Exam 6 5 30
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 6 5 30
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 40 0 152
Total Workload of the Course Unit 152
Workload (h) / 25.5 6
ECTS Credits allocated for the Course Unit 6,0