School/Faculty/Institute |
Faculty of Econ., Admin. and Social Sciences |
Course Code |
ACCT 201 |
Course Title in English |
Financial Accounting |
Course Title in Turkish |
Finansal Muhasebe |
Language of Instruction |
EN |
Type of Course |
Flipped Classroom |
Level of Course |
Introductory |
Semester |
Fall |
Contact Hours per Week |
Lecture: 3 |
Recitation: |
Lab: |
Other: |
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Estimated Student Workload |
126 hours per semester |
Number of Credits |
5 ECTS |
Grading Mode |
Standard Letter Grade
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Pre-requisites |
BUS 101 - Introduction to Business (Decision Making)
ECON 101 - Microeconomics
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Expected Prior Knowledge |
Introduction to business, economics |
Co-requisites |
None |
Registration Restrictions |
Only Undergraduate Students |
Overall Educational Objective |
To learn the basic theory, concepts and practice of financial accounting and to learn to understand information contained in the published financial statements of companies and other organizations. |
Course Description |
This course is an introduction to the basic concepts and standards underlying financial accounting systems. The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation. |
Course Description in Turkish |
Bu ders finansal muhasebe sistemlerinin temel kavram ve standartlarına giriş niteliğindedir. Dersin temel hedefi, temel finansal muhasebe tablolarının oluşturulması ve yorumlanmasıdır. |
Course Learning Outcomes and Competences
Upon successful completion of the course, the learner is expected to be able to:
1) prepare journal and ledger entries and basic financial statements
2) analyze the financial situation of a corporation based on its financial statements;
3) read and understand annual reports.
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Program Learning Outcomes/Course Learning Outcomes |
1 |
2 |
3 |
1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. |
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2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. |
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3) Displays a sound comprehension of microeconomic and macroeconomic theory.
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4) Applies economic concepts to solve complex problems and enhance decision-making capability. |
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5) Uses quantitative techniques to analyze different economic systems.
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6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. |
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7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. |
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8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
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9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. |
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10) Exhibits individual and professional ethical behavior and social responsibility. |
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11) Displays learning skills necessary for further study with a high degree of autonomy |
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Relation to Program Outcomes and Competences
N None |
S Supportive |
H Highly Related |
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Program Outcomes and Competences |
Level |
Assessed by |
1) |
Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. |
N |
|
2) |
Demonstrates knowledge and skills in understanding the interactions of different areas of economics. |
N |
|
3) |
Displays a sound comprehension of microeconomic and macroeconomic theory.
|
N |
|
4) |
Applies economic concepts to solve complex problems and enhance decision-making capability. |
N |
|
5) |
Uses quantitative techniques to analyze different economic systems.
|
N |
|
6) |
Applies theoretical knowledge to analyze issues regarding Turkish and global economies. |
N |
|
7) |
Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. |
N |
|
8) |
Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
|
N |
|
9) |
Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. |
N |
|
10) |
Exhibits individual and professional ethical behavior and social responsibility. |
N |
|
11) |
Displays learning skills necessary for further study with a high degree of autonomy |
N |
|
Prepared by and Date |
SEMEN SON TURAN , May 2023 |
Course Coordinator |
CEYHAN MUTLU |
Semester |
Fall |
Name of Instructor |
Öğr. Gör. ÖZNUR AKMAN |
Course Contents
Week |
Subject |
1) |
Conceptual Framework and Financial Statements |
2) |
Recording Business Transactions |
3) |
Accrual Accounting |
4) |
Mid-term Exam 1 and Presentation of Financial Statements |
5) |
Inventory and Merchandising Operations |
6) |
PPE and Intangibles |
7) |
PPE and Intangibles |
8) |
Investments and Mid-Term Exam 2 |
9) |
Liabilities |
10) |
Shareholders’ Equity |
11) |
The Statement of Cash Flows |
12) |
The Statement of Cash Flows continued and Mid-Term Exam 3 |
13) |
Financial Statement Analysis I |
14) |
Financial Statement Analysis II |
15) |
Final Examination Period |
16) |
Final Examination Period |
Required/Recommended Readings | Required: Financial Accounting (global edition 11/E) International Financial Reporting Standards Harrison, Horngren, Thomas, Tietz, Suwardy. ISBN: 9781292211145 |
Teaching Methods | Lecture (flipped classroom), quiz, exam |
Homework and Projects | |
Laboratory Work | |
Computer Use | |
Other Activities | |
Assessment Methods |
Assessment Tools |
Count |
Weight |
Homework Assignments |
2 |
% 25 |
Midterm(s) |
3 |
% 75 |
TOTAL |
% 100 |
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Course Administration |
sons@mef.edu.tr
212 3953646
The instructor may act as facilitator for class/group discussions and observe how each student contributes / adds value to the discussed topic. The topic may either cover previous material or assigned new material from videos and book chapters. Homework, if assigned, must be submitted on time and in the requested format. Late submission will not be accepted. Quizzes may or may not be announced and can be cumulative in terms of coverage or may cover material from the upcoming topic only.
This is a flipped course where each student is expected to read assigned material and watch videos in advance, follow class and Blackboard, and actively participate. If you are sick on the day of the exam you need to submit a legitimate doctor’s report explicitly stating that your excuse prevents you from taking the exam in line with university regulations.
Academic dishonesty and plagiarism will be subject to the YÖK disciplinary regulation.
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