School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
Course Code | ACCT 332 | ||||
Course Title in English | Accounting for Start-ups | ||||
Course Title in Turkish | Girişimcilik için Muhasebe Yönetimi | ||||
Language of Instruction | EN | ||||
Type of Course | Flipped Classroom | ||||
Level of Course | Intermediate | ||||
Semester | Spring | ||||
Contact Hours per Week |
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Estimated Student Workload | 134 hours per semester | ||||
Number of Credits | 5 ECTS | ||||
Grading Mode | Standard Letter Grade | ||||
Pre-requisites |
ACCT 201 - Financial Accounting |
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Expected Prior Knowledge | None | ||||
Co-requisites | None | ||||
Registration Restrictions | Only Undergraduate Students | ||||
Overall Educational Objective | To learn to use and examine accurate records of financial transactions to identify opportunities for growth and improvement. | ||||
Course Description | Accounting is one of the key ingredients for successful startups. Many entrepreneurs, however, lack knowledge of accounting. This course teaches basic accounting knowledge needed in starting and operating startups to entrepreneurs or would-be entrepreneurs who did not major in accounting. Students of this course will learn to read and understand financial statements such as balance sheets, income statements and cash flow statements. They will also practice simple financial planning of a startup. This course also covers the concept company valuation as well as how startups get funding. This is a practical course aimed at direct application of the knowledge gained into running real startups. It also aims to enable entrepreneurs and would-be-entrepreneurs to understand the "language of account" so that they can talk to professionals with confidence. | ||||
Course Description in Turkish | Muhasebe başarılı bir başlangıç için anahtar bileşenlerden biridir. Ancak birçok girişimci muhasebe bilgisinden yoksundur. Bu ders, işe girişimlerde ve işletmede gerekli olan temel muhasebe bilgilerini öğretir; Bu dersin öğrencileri bilanço, gelir tablosu ve nakit akışı tablosu gibi finansal tabloları okumayı ve anlamayı öğrenir. Ayrıca, bir başlangıç için basit finansal planlama pratiği yapacaklardır. Bu kurs aynı zamanda konsept şirket değerlemesinin yanı sıra yeni başlayanların nasıl fon alacağını da kapsar. Bu, gerçek başlangıçların başlatılması için edinilen bilgilerin doğrudan uygulanmasını amaçlayan pratik bir derstir. Ayrıca girişimcilerin ve girişimcilerin "hesap dilini" anlamalarını ve böylece profesyonellerle güvenle konuşabilmelerini sağlamayı amaçlamaktadır. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) handle the accounting operations of a startup 2) prepare financial records in line with the Turkish Accounting Standards (TMS); 3) prepare financial reports according to the TMS. |
Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 |
---|---|---|---|
1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | |||
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | |||
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | |||
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | |||
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | |||
6) Internalization and dissemination of professional ethical standards. | |||
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | |||
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | |||
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | |||
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | |||
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | |||
12) Ability to acquire knowledge independently, and to plan one’s own learning. | |||
13) Demonstration of advanced competence in the clarity and composition of written work and presentations. |
N None | S Supportive | H Highly Related |
Program Outcomes and Competences | Level | Assessed by | |
1) | Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | N | |
2) | Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | N | |
3) | Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | H | Exam,HW,Participation |
4) | Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | N | |
5) | Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | N | |
6) | Internalization and dissemination of professional ethical standards. | N | |
7) | Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | N | |
8) | Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | N | |
9) | Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | S | Participation |
10) | Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | S | HW,Participation |
11) | Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | N | |
12) | Ability to acquire knowledge independently, and to plan one’s own learning. | S | Exam,HW |
13) | Demonstration of advanced competence in the clarity and composition of written work and presentations. | H | Exam,HW |
Prepared by and Date | ÖZNUR AKMAN , May 2023 |
Course Coordinator | MERVE ÖZ |
Semester | Spring |
Name of Instructor | Öğr. Gör. ÖZNUR AKMAN |
Week | Subject |
1) | Introduction to Turkish Accounting System |
2) | Accounting Principles and Practices |
3) | The Accounting Cycle, Completion of the Accounting Cycle |
4) | Accounting For a Merchandisers |
5) | 1. Mid-term exam |
6) | Cash and Internal Control |
7) | Receivables |
8) | Long-Term Operational Assets |
9) | Current Liabilities and Payroll |
10) | 2. Mid-term Exam |
11) | Long-Term Liabilities |
12) | Stockholders' Equity, Earnings and Dividends |
13) | Statement of Cash Flows |
14) | Financial Statement Analysis |
15) | Final Examination Period |
16) | Final Examination Period |
Required/Recommended Readings | Nuhoğlu, İrem (2014), Principles of Accounting, Boğaziçi Üniversitesi Döner Sermaye, İstanbul. ISBN: 9789755182988. | |||||||||||||||
Teaching Methods | Lecture (flipped classroom), quiz, participation, exam | |||||||||||||||
Homework and Projects | The students will be making one presentation as a group at the end of the course. The groups will be formed and the details of the projects will be announced later by the instructor. Each group will have maximum 3 members and each team member will present their part individually. Before the presentations, the group projects have to be submitted as a PPT file within a deadline provided by the instructor. Late assignments will not get full points. | |||||||||||||||
Laboratory Work | ||||||||||||||||
Computer Use | ||||||||||||||||
Other Activities | ||||||||||||||||
Assessment Methods |
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Course Administration |
akmanoz@mef.edu.tr Students are expected to attend all sessions and be in class on time. When they cannot attend due to a sickness (which should require a report from a full facility hospital) or an excuse accepted my MEF regulations, they should inform the instructors by mail. As the feedback and questions are very valuable for making the course a distinctive learning experience, students may visit the instructors during office hours or send e mails, for any course related issues. Academic dishonesty and plagiarism will be subject to the YÖK disciplinary regulation. |
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 | 2 | 3 | 2 | 98 | ||
Project | 1 | 12 | 2 | 14 | |||
Midterm(s) | 2 | 9 | 2 | 22 | |||
Total Workload | 134 | ||||||
Total Workload/25 | 5.4 | ||||||
ECTS | 5 |