| School/Faculty/Institute | Faculty of Engineering | ||||
| Course Code | ACCT 204 | ||||
| Course Title in English | Financial and Managerial Accounting | ||||
| Course Title in Turkish | Finans ve Yönetim Muhasebesi | ||||
| Language of Instruction | EN | ||||
| Type of Course | Ters-yüz öğrenme,Lecture | ||||
| Level of Course | Başlangıç | ||||
| Semester | Spring | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 127 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites | None | ||||
| Co-requisites | None | ||||
| Expected Prior Knowledge | None | ||||
| Registration Restrictions | None | ||||
| Overall Educational Objective | To learn how to use basic financial and managerial accounting tools for decision making | ||||
| Course Description | The aim of this course is to provide the students with a conceptual framework for identifying and resolving accounting issues faced by managers and to give an understanding of how financial and managerial accounting concepts, tools, and techniques are used throughout an organization for decision support. The course covers the following topics: job order costing; process costing; activity-based costing; cost volume profit (CVP) analysis; pricing; budgetary planning and control; preparation of balance sheet, net income and cash flow statements; financial statement analysis; and introduction to equity valuation models. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) differentiate between costing systems and apply the most suitable costing system for different manufacturing and service environments; 2) apply basic Cost-Volume-Profit Analysis concepts; 3) prepare budgets and have an understanding of budgetary control; 4) comprehend the basics of financial accounting and interpret financial statements. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
| 1) An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics | ||||
| 2) An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors | ||||
| 3) An ability to communicate effectively with a range of audiences | ||||
| 4) An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts | ||||
| 5) An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives | ||||
| 6) An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions | ||||
| 7) An ability to acquire and apply new knowledge as needed, using appropriate learning strategies |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics | S | Exam,Homework,Derse Katılım |
| 2) | An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors | N | |
| 3) | An ability to communicate effectively with a range of audiences | N | |
| 4) | An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts | S | Exam,Homework,Derse Katılım |
| 5) | An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives | N | |
| 6) | An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions | N | |
| 7) | An ability to acquire and apply new knowledge as needed, using appropriate learning strategies | S | Exam,Homework,Derse Katılım |
| Prepared by and Date | HANDE KÜÇÜKAYDIN , March 2024 |
| Course Coordinator | HANDE KÜÇÜKAYDIN |
| Semester | Spring |
| Name of Instructor | Öğr. Gör. AHMET AKÇA |
| Week | Subject |
| 1) | Introduction to Financial and Managerial Accounting |
| 2) | Job Order Costing I |
| 3) | Job Order Costing II |
| 4) | Process Costing |
| 5) | Activity-based Costing |
| 6) | CVP Analysis |
| 7) | CVP – Additional Issues |
| 8) | Incremental Analysis |
| 9) | Pricing |
| 10) | Budgetary Planning |
| 11) | Budgetary Control |
| 12) | Planning for Capital Investments |
| 13) | Financial Statement Analysis |
| 14) | Equity Valuation Models |
| 15) | Final Exam/Project/Presentation Period |
| 16) | Final Exam/Project/Presentation Period |
| Required/Recommended Readings | Weygandt, J.J., Kimmel, P.D., and Kieso, D.E. (2015). Managerial Accounting. Seventh Edition, International Student Edition. Wiley. ISBN: 978-1-118-95773-8 | ||||||||||||||||||
| Teaching Methods | Lectures/contact hours using “flipped classroom” as an active learning technique | ||||||||||||||||||
| Homework and Projects | Homeworks | ||||||||||||||||||
| Laboratory Work | None | ||||||||||||||||||
| Computer Use | Compulsory to bring calculators to the classes and exams. Exchange of calculators are not allowed during exams. Optional to bring a notebook as MS Excel might be used during classes. | ||||||||||||||||||
| Other Activities | None | ||||||||||||||||||
| Assessment Methods |
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| Course Administration |
akcaa@mef.edu.tr Attitude: A professional and academic attitude is expected throughout this course. Measurable examples of non-academic or unprofessional attitude include but are not limited to: talking to others when the instructor is speaking, mocking another’s opinion, cell phones ringing, emailing, texting or using the internet whether on a phone or computer. If any issues arise with regards to these, a student may be asked to leave the classroom. Late arrival: Unless you have a signed course conflict form, you will not be allowed into the class if you arrive more than 15 minutes late after the class begins. Notify the instructor at least 2 hours before the class begins of any such arrivals. Note that this rule is also valid for class start times after the breaks. Missing a homework or a take-home assignment: No make-up. Missing an in-class quiz: Provided that proper documents of excuse are presented, each missed quiz by the student will be given a grade by taking the average of all of the other quizzes. No make-up will be given. Missing a midterm: Provided that proper documents of excuse are presented, each missed midterm by the student will be given the grade of the final exam. No make-up will be given. Missing a final: Faculty regulations. A reminder of proper classroom behavior, code of student conduct: YÖK Regulations Statement on plagiarism: YÖK Regulations (http://3fcampus.mef.edu.tr/uploads/cms/webadmin.mef.edu.tr/4833_2.pdf ) |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 1 | 3 | 56 | |||
| Homework Assignments | 3 | 5 | 4 | 27 | |||
| Quiz(zes) | 4 | 1 | 1 | 8 | |||
| Midterm(s) | 1 | 20 | 2 | 22 | |||
| Final Examination | 1 | 12 | 2 | 14 | |||
| Total Workload | 127 | ||||||
| Total Workload/25 | 5.1 | ||||||
| ECTS | 5 | ||||||