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FINANCIAL ACCOUNTING I PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
BUS103 FINANCIAL ACCOUNTING I 1 3 3 7

GENERAL INFORMATION

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 Assist.Prof. ÇAĞLA TUĞBERK ARIKER
Instructor(s) of the Course Unit Assist.Prof. MERVE ÖZ
Course Prerequisite No

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: This course is designed to teach the students basic accounting transaction used in a company's operation. Students learn the basic accounting principles and how to prepare financial statements.
Contents of the Course Unit: The course of Accounting I starts with foundations, definitions and types of accounting. It also includes the accounting cycle containing commercial transactions, balance, joint entries and preparation of financial statements.

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

Define concepts underlying accounting measurement
Explain the role of accounting information system and functions of accounting.
Listing and providing the financial data from the annual reports of the company.
Calculate VAT
Explain concepts and procedures of financial reporting including trial balance, balance sheet, and income statement

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Literature Review Accounting Definition, Types, Users and Concepts Lecture, problem solving
2 Literature Review Basic Financial Statements in Accounting Lecture, problem solving
3 Literature Review Concept of Accounts and Operation of Account Records Lecture, problem solving
4 Literature Review Double-Sided Recording Method Sample Applications Problem Solving, Student Application
5 Literature Review TDHP and Ledger Lecture, problem solving
6 Literature Review Current and Fixed Assets Lecture, problem solving
7 Literature Review Foreign Resources and Equity Lecture, problem solving
8 - MID-TERM EXAM -
9 Literature Review Trade Goods Account Registration method and VAT Calculation Lecture, problem solving
10 Literature Review Income Accounts Lecture, problem solving
11 Literature Review Expense and Cost Accounts Lecture, problem solving
12 Literature Review Accounting Process Lecture, problem solving
13 Literature Review Year-end transactions and inventory Lecture, problem solving
14 Literature Review Monography Example Covering All Processes Lecture, problem solving
15 Literature Review Monography Application Covering All Processes Lecture, problem solving
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Course notes
Deegan, C. (2013). Financial accounting theory. McGraw-Hill Education Australia.
Dauderis, H.,& Annand, D. (2014). Introduction to Financial Accounting, Valley Educational Services, Canada
Needles, Belverd E., Powers, Marian, Crosson, Susan V.. (2014). Principles of Accounting (12th ed. pdf ed.). United States: South-Western Cengage Learning.

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
Define the theories, concepts and principles of the basic and sub-fields of business.
4
2
Explain business functions and processes based on current scientific sources.
4

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Relate internationally valid business cases with the theories and concepts of other social sciences.
3

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has.
4

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Use the theoretical and factual knowledge in business for occupational practices.
4
2
Solve individual and organizational problems in business life.
3
3
Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems.
3

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Plan research and work using knowledge and skills gained in the field of business.
3
2
Organize the activities for organizational goals and purposes independently.
3

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Criticize advanced knowledge and skills in the field with a critical approach.
4
2
Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments.
4

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Express his/her knowledge, thoughts and solutions on business to related stakeholders in written and verbal ways.
4
2
Use the information and communication technology software and equipment required for business.
4

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Apply the social, scientific, cultural and ethical values at the stages of collection of data, their implementation, interpretation and announcement of results in the field of business.
4
2
Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life.
4

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 14 3 42
Land Surveying 0 0 0
Group Work 2 6 12
Laboratory 0 0 0
Reading 14 1 14
Assignment (Homework) 14 2 28
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 14 1 14
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 1 10 10
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 1 10 10
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 76 0 174
Total Workload of the Course Unit 174
Workload (h) / 25.5 6,8
ECTS Credits allocated for the Course Unit 7,0