Information Package / Course Catalogue
| Business Administration | |||||
| Bachelor | Length of the Programme: 4 | Number of Credits: 240 | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF: Level 6 |
Ders Genel Tanıtım Bilgileri
| 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 |
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| Estimated Student Workload | 126 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| 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 CompetencesUpon 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. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 |
|---|---|---|---|
| 1) Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences | |||
| 2) Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors | |||
| 3) Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects | |||
| 4) Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability | |||
| 5) Demonstrates individual and professional ethical behavior and social responsibility | |||
| 6) Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues | |||
| 7) Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions | |||
| 8) Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting | |||
| 9) Displays computer proficiency to support problem solving and decision-making | |||
| 10) Demonstrates teamwork, leadership, and entrepreneurial skills | |||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
Relation to Program Outcomes and Competences
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences | S | Participation |
| 2) | Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors | S | Participation |
| 3) | Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects | S | Participation |
| 4) | Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability | S | Participation |
| 5) | Demonstrates individual and professional ethical behavior and social responsibility | S | Exam |
| 6) | Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues | S | Exam |
| 7) | Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions | H | Participation |
| 8) | Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting | H | Participation |
| 9) | Displays computer proficiency to support problem solving and decision-making | S | HW |
| 10) | Demonstrates teamwork, leadership, and entrepreneurial skills | S | Participation |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | S | Participation |
| 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 |
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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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ECTS Student Workload Estimation
| 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 | 1 | 84 | ||
| Homework Assignments | 2 | 3 | 6 | ||||
| Midterm(s) | 3 | 10 | 2 | 36 | |||
| Total Workload | 126 | ||||||
| Total Workload/25 | 5.0 | ||||||
| ECTS | 5 | ||||||