Course Objectives: |
1. Teaching the accounting process, financial transactions and their entries as well as how to show them in financial statements by presenting fundamental accounting rules and concepts.
2. Teaching fundamental accounting items and working mechanisms as well as how to keep general ledger records, trial balance and closing entries, and how to prepare fundamental financial statements.
3. Teaching fundamental inventory valuation and depreciation methods.
4. Teaching fundamentals of financial statement analysis.
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Course Content: |
This is an introductory course, which is designed to engage undergraduate students with the key concepts and notions of financial accounting. Hence, students who will comprehend the language of accounting will learn the mechanism of double-entry accounting system and they will learn accounting process of several accounting items in detail. The lecture begins with Fundamental Accounting Equation and General Information and goes on with Monitoring Financial Transactions, fundamental financial statements. Afterwards, Cash and Cash Equivalents & Marketable Securities, Accounts Receivables, Inventories, Non-Current Assets, Short-Term & Long-Term Liabilities and Equities. Following these balance sheet items, Revenue and Expense accounts as well as the working mechanism of the income statement will be treated. Lastly, from the perspective of reporting and analysis functions of financial accounting, financial statement analysis will be discussed. |
Week |
Subject |
Related Preparation |
1) |
Conceptual Framework and Financial Statements-1 |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012) - Chapter 1 |
2) |
Conceptual Framework and Financial Statements - 2 |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)- Chapter 1 and Chapter 2 |
3) |
Recording Business Transactions |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012) Chapter 3 |
4) |
Accrual Accounting |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)- Chapter 3 |
5) |
Inventories & Merchandising Activities |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)- Chapter 4 |
6) |
Sales & Purchases |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)-Chapter 4 |
7) |
Internal Control, Cash & Cash Equivalents, Receivables |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012) - Chapter 7 |
8) |
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8) |
MIDTERM |
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9) |
Plant, Property and Equipment |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)- Chapter 10 |
10) |
Intangibles
Investments and International Operations
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Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)- Chapter 11 |
11) |
Liabilities |
Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2012)- Chapter 11 |
12) |
Equities
Income – Expense Accounts-1
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13) |
Income – Expense Accounts-2
Cash Flows
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14) |
Financial Statement Analysis |
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15) |
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15) |
FINAL EXAM |
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Course Notes / Textbooks: |
• Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2007). Principles of Financial Accounting (3rd edition). Gazi Kitabevi.
• Horngren Charles T., Sundem, Gary L., Elliott, John A., & Philbrick, D. (2014). Introduction to Financial Accounting: Pearson New International Edition (11th edition). Pearson.
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References: |
• Şımga-Muğan, F. N. C., & Hoşal-Akman, N. (2007). Principles of Financial Accounting (3rd edition). Gazi Kitabevi.
• Horngren Charles T., Sundem, Gary L., Elliott, John A., & Philbrick, D. (2014). Introduction to Financial Accounting: Pearson New International Edition (11th edition). Pearson.
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Program Outcomes |
Level of Contribution |
1) |
Using other social sciences and mathematics, they have a broad and interdisciplinary perspective on business and management sciences. |
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1) |
Using other social sciences and mathematics, they have a broad and interdisciplinary perspective on business and management sciences. |
2 |
2) |
They have knowledge and skills about different functions and interactions of the enterprise. |
2 |
3) |
They can use different theoretical approaches to understanding and solving various business problems. |
1 |
4) |
Being aware of the needs of society, they use business knowledge to meet these needs. |
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5) |
They have knowledge depthly about current problems of Turkey and Global Business World’s |
1 |
6) |
They can determine the objectives of the institution in which they are involved, taking into account the market needs and economic conditions. |
2 |
7) |
They can solve complex business problems by using various statistical techniques and numerical methods and makes analysis by using statistical programs effectively. |
2 |
8) |
They can use a foreign language at least B1 General Level in terms of European Language Portfolio criteria according to the education level of a foreign language. |
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9) |
They can develops teamwork, negotiation, leadership and entrepreneurship skills. |
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10) |
They have the knowledge of universal ethical values, social responsibility awareness and sufficient level of labor law. |
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11) |
They can identify the individual learning needs and carries out studies to correct them by developing positive attitudes about lifelong learning. |
2 |
12) |
They can express their ideas and solutions both written and orally, and if required they can present and publish them on both national and international platforms. |
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13) |
They use information and communication technologies together with computer software at the advanced level of European Computer Driving License required by the field. |
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