Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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ITR107 | FINANCIAL ACCOUNTING | 1 | 3 | 3 | 6 |
GENERAL INFORMATION |
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Language of Instruction : | English |
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 | Assoc.Prof. ONUR ÖZDEMİR |
Instructor(s) of the Course Unit | Assist.Prof. NURHAN TOĞUÇ |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course aims to introduce the record and report of commercial transactions by means of tracking the financial status of business organizations, control and manage them and perform decisions by managers; introduce accounting transactions to be occurred in a business organization through a term based on balance sheet and income statement. |
Contents of the Course Unit: | Contents of the course include definition and classification of accounting, accounting record term and books, accounting concept and classification of accounts, uniform accounting plan process, balance sheet account specifications, income table accounts specifications, discrimination of cost and period cost accounts, cost accounts process, inventory procedures - assets – depreciations, year-end procedures in accounting, trial balance review, management reporting in accounting and application examples: monographs. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Explain basic concepts of accounting. |
Define financial accounts. |
Tell accounting equation and course of proceeding in accounting. |
Show the profit-loss account of the business organization by benefiting from income table. |
Outline the period-end accounting transactions, cost and companies accounting. |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading | Definition and Classification of Accounting | Lecture & Question and Answer & Discussion |
2 | Reading | Accounting Record Term and Books | Lecture & Question and Answer & Discussion |
3 | Reading | Accounting Concept and Classification of Accounts | Lecture & Question and Answer & Discussion |
4 | Reading | Uniform Accounting Plan Process | Lecture & Question and Answer & Discussion |
5 | Reading | Balance Sheet Account Specifications | Lecture & Question and Answer & Discussion |
6 | Reading | Income Table Accounts Specifications | Lecture & Question and Answer & Discussion |
7 | Reading | Discrimination of Cost and Period Cost Accounts | Lecture & Question and Answer & Discussion |
8 | - | MID-TERM EXAM | - |
9 | Reading | Cost Accounts Process | Lecture & Question and Answer & Discussion |
10 | Reading | Inventory Procedures - Assets - Depreciations | Lecture & Question and Answer & Discussion |
11 | Reading | Year-end Procedure in Accounting | Lecture & Question and Answer & Discussion |
12 | Reading | Trial Balance Review | Lecture & Question and Answer & Discussion |
13 | Reading | Management Reporting in Accounting | Lecture & Question and Answer & Discussion |
14 | Reading | Application Examples: Monographs | Lecture & Question and Answer & Discussion |
15 | Reading | General Revision | Lecture & Question and Answer & Discussion |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Deegan, C. (2013). Financial Accounting Theory. Australia: McGraw-Hill Education. |
Piper , M. (2012). Accounting Made Simple : Accounting Explained in 100 Pages or Less, Chicago, IL, United Kingdom: Simple Subjects. |
Brodersen, S. , Pysh, P. (2014). Warren Buffett Accounting Book: Reading Financial Statements for Value Investing, Kindle Edition. |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.
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3 | |||||
2 |
Recognize the entries in the book and financial balance sheet of the business organization.
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5 | |||||
3 |
Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.
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2 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Summarize historical development of the international trade theories by adhering to the chronological order.
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1 | |||||
2 |
Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.
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1 | |||||
3 |
Solve financial and legal problems confronted in international trade practices.
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2 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.
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5 | |||||
2 |
Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.
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4 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.
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2 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate knowledge about economic globalization and internationalization with current knowledge in the field.
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2 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.
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2 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain demands in written or verbally by using the foreign language skill in business and social life effectively.
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1 | |||||
2 |
Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.
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1 | |||||
3 |
Design a healthy communication network for themselves in the business world by using social life skills.
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2 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.
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1 | |||||
2 |
Develop suggestions for international trade policies by determining economic problems in the macro level.
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1 | |||||
3 |
Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market
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2 | |||||
4 |
Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.
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1 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 4 | 52 |
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 | 7 | 5 | 35 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 5 | 4 | 20 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 41 | 0 | 151 |
Total Workload of the Course Unit | 151 | ||
Workload (h) / 25.5 | 5,9 | ||
ECTS Credits allocated for the Course Unit | 6,0 |