| 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
|
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) |
Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics, |
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| 2) |
Possess the knowledge and skills related to different functions and interactions of international business and trade. |
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| 3) |
Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods. |
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| 4) |
Use different theoretical approaches to understanding and solving various business and trade problems. |
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| 5) |
Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment. |
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| 6) |
Understands the value of developing new trade projects and generating strategies within international market needs. |
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| 7) |
Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively. |
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| 8) |
Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. |
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| 9) |
Develops teamwork, negotiation, leadership and entrepreneurship skills. |
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| 10) |
Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge. |
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| 11) |
Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them. |
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| 12) |
Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms. |
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| 13) |
Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field. |
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