SECTION I: GENERAL INFORMATION ABOUT THE COURSE |
Course Code | Course Name | Year | Semester | Theoretical | Practical | Credit | ECTS |
60411MEEOZ-BUS0261 | Financial Accounting | 1 | Fall | 2 | 1 | 3 | 6 |
Course Type : | Compulsory |
Cycle: | Bachelor TQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree |
Language of Instruction: | English |
Prerequisities and Co-requisities: | N/A |
Mode of Delivery: | Face to face |
Name of Coordinator: | Doçent Dr. SEZİN AÇIK TAŞAR |
Dersin Öğretim Eleman(lar)ı: |
Instructor STAFF Doçent Dr. SEZİN AÇIK TAŞAR Dr. Öğr. Üyesi BURCU GÜVEN |
Dersin Kategorisi: | Field Specific |
SECTION II: INTRODUCTION TO THE COURSE |
Course Objectives: | The aim of this course is to enable students to understand the business operations’ financial aspects. With the help of the course, it is aimed that critical analysis perspective will be gained, accounting data will be interpreted and decision making process for the businesses will be simplified by the financial data. |
Course Content: | The course requires accounting principles that are used in preparing financial statements for in any scale businesses. The financial accounting course also emphasizes the logic of fundemental accounting concepts. In the course, in accordance with the Uniform Chart of Accounts: Balance Sheet Accounts, Income Statement Accounts, Expenses and Cost Accounting, Trial Balance, Income Statement and Balance Sheet are covered. |
At least 70% attendance is expected. |
Knowledge (Described as Theoritical and/or Factual Knowledge.) | ||
1) Explain financial aspects of a business. |
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2) Explain the importance of financial accounting data in a company. |
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Skills (Describe as Cognitive and/or Practical Skills.) | ||
Competences (Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.) | ||
1) Learn recording, classifying and summarizing financial information. |
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2) Understand the process of a record in general journal to balance sheet or income statement |
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3) Understand the key financial accounts and what kind of relationship of operating and financial activities have with the key financial accounts. |
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4) Apply the key concepts learned in the course to solve financial accounting problems. |
Week | Subject | ||
Related Preparation | Further Study | ||
1) | Basic concepts of business and accounting information. Business and accounting relationship | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
2) | Accounting and functioning of accounts - T-accounting -Accounting equalition | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
3) | Basic financial statements, uniform chart of accounts, functioning of accounts -To prepare balance of sheet and income statement | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
4) | Journal Entries and preparation of Trial Balance | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
5) | Accrual based accounting, Adjusting entries, Adjusted trial balance | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
6) | Closing entries, preparation of financial statements of service companies | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
7) | Review | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
8) | Midterm exam | ||
9) | Transactions of merchandising companies | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
10) | Transactions of Merchandising Companies Cont. | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
11) | Short term liquid assets | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
12) | Accounting for receivables, Valuation of account receivables, allowances for bad debt | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
13) | Accounting for inventories, inventory measurement, periodic and perpetual inventory methods | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
14) | Review | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
15) | Review | Principles of Accounting, Needles, Powers, Crosson 12 Edition, Cengage, 2014 Accounting "Tools for Decision Making " , Kimmel , 3rd Edition, Wiley Plus, 2009 . Financial Accounting , Libby and Hodge, 10th Edition, McGrawHill, 2019. Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners, Wayne Label, Sourcebooks, 3rd Edition, 2019. | |
16) | Final Exam |
Course Notes / Textbooks: | Öğretim Üyesinin hazırladığı ders notları, ders içeriği ile ilgili paylaşılan bilimsel yayınlar ile görsel kaynaklar (ted talks, film önerileri vb.) ● Needles, Powers & Crosson, (2014). Muhasebenin Prensipleri. 12th Edition, Cengage Yayınevi. ● Libby & Hodge (2019). Finansal Muhasebe. 10th Edition, McGrawHill Yayınevi. ● Sevilengül, O. (2020). Finansal Muhasebe. Ankara: Gazi Yayınevi. ● Saban, G., Gürkan, S. & Vargün, H. (2021). Finansal Muhasebe. Ankara: Beta Yayınevi ● Arslan, S. (2019). Finansal Muhasebe. Ankara: Gazi Yayınevi. Lecture notes prepared by the lecturer, scientific publications about the course content and visual resources (ted talks, movie suggestions, etc.) ● Needles, Powers & Crosson, (2014). Principles of Accounting. 12th Edition, Cengage Publishing. ● Libby & Hodge (2019). Financial Accounting. 10th Edition, McGrawHill Publishing. ● Sevilengül, O. (2020). Financial Accounting. Ankara: Gazi Publishing. ● Saban, G., Gürkan, S. & Vargün, H. (2021). Financial Accounting. Ankara: Beta Publishing House. ● Arslan, S. (2019). Financial Accounting. Ankara: Gazi Publishing House. |
References: | Öğretim Üyesinin hazırladığı ders notları, ders içeriği ile ilgili paylaşılan bilimsel yayınlar ile görsel kaynaklar (ted talks, film önerileri vb.) ● Needles, Powers & Crosson, (2014). Muhasebenin Prensipleri. 12th Edition, Cengage Yayınevi. ● Libby & Hodge (2019). Finansal Muhasebe. 10th Edition, McGrawHill Yayınevi. ● Sevilengül, O. (2020). Finansal Muhasebe. Ankara: Gazi Yayınevi. ● Saban, G., Gürkan, S. & Vargün, H. (2021). Finansal Muhasebe. Ankara: Beta Yayınevi ● Arslan, S. (2019). Finansal Muhasebe. Ankara: Gazi Yayınevi. Lecture notes prepared by the lecturer, scientific publications about the course content and visual resources (ted talks, movie suggestions, etc.) ● Needles, Powers & Crosson, (2014). Principles of Accounting. 12th Edition, Cengage Publishing. ● Libby & Hodge (2019). Financial Accounting. 10th Edition, McGrawHill Publishing. ● Sevilengül, O. (2020). Financial Accounting. Ankara: Gazi Publishing. ● Saban, G., Gürkan, S. & Vargün, H. (2021). Financial Accounting. Ankara: Beta Publishing House. ● Arslan, S. (2019). Financial Accounting. Ankara: Gazi Publishing House. |
SECTION III: RELATIONSHIP BETWEEN COURSE UNIT AND COURSE LEARNING OUTCOMES (CLOs) |
CLOs/PLOs | KPLO 1 | KPLO 2 | KPLO 3 | KPLO 4 | KPLO 5 | ||||||||||||||||||||||||||||||
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1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
CLO1 | |||||||||||||||||||||||||||||||||||
CLO2 | |||||||||||||||||||||||||||||||||||
CLO3 | |||||||||||||||||||||||||||||||||||
CLO4 | |||||||||||||||||||||||||||||||||||
CLO5 | |||||||||||||||||||||||||||||||||||
CLO6 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE |
Lectures | |
Discussion | |
Case Study | |
Problem Solving | |
Demonstration | |
Views | |
Laboratory | |
Reading | |
Homework | |
Project Preparation | |
Thesis Preparation | |
Peer Education | |
Seminar | |
Technical Visit | |
Course Conference | |
Brain Storming | |
Questions Answers | |
Individual and Group Work | |
Role Playing-Animation-Improvisation | |
Active Participation in Class |
Midterm | |
Presentation | |
Final Exam | |
Quiz | |
Report Evaluation | |
Homework Evaluation | |
Oral Exam | |
Thesis Defense | |
Jury Evaluation | |
Practice Exam | |
Evaluation of Implementation Training in the Workplace | |
Active Participation in Class | |
Participation in Discussions |
LEARNING & TEACHING METHODS | ASSESMENT & EVALUATION METHODS | ||||||||||||||||||||
CLO1 | CLO2 | CLO3 | CLO4 | CLO5 | CLO6 | ||||||||||||||||
-Lectures | -Midterm | ||||||||||||||||||||
-Discussion | -Presentation | ||||||||||||||||||||
-Case Study | -Final Exam | ||||||||||||||||||||
-Problem Solving | -Quiz | ||||||||||||||||||||
-Demonstration | -Report Evaluation | ||||||||||||||||||||
-Views | -Homework Evaluation | ||||||||||||||||||||
-Laboratory | -Oral Exam | ||||||||||||||||||||
-Reading | -Thesis Defense | ||||||||||||||||||||
-Homework | -Jury Evaluation | ||||||||||||||||||||
-Project Preparation | -Practice Exam | ||||||||||||||||||||
-Thesis Preparation | -Evaluation of Implementation Training in the Workplace | ||||||||||||||||||||
-Peer Education | -Active Participation in Class | ||||||||||||||||||||
-Seminar | - Participation in Discussions | ||||||||||||||||||||
-Technical Visit | |||||||||||||||||||||
-Course Conference | |||||||||||||||||||||
-Brain Storming | |||||||||||||||||||||
-Questions Answers | |||||||||||||||||||||
-Individual and Group Work | |||||||||||||||||||||
-Role Playing-Animation-Improvisation | |||||||||||||||||||||
-Active Participation in Class |
Measurement and Evaluation Methods | # of practice per semester | Level of Contribution |
Quizzes | 1 | % 15.00 |
Midterms | 1 | % 30.00 |
Semester Final Exam | 1 | % 50.00 |
Active Participation in Class | 1 | % 5.00 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
Total | % 100 |
SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE |
WORKLOAD OF TEACHING & LEARNING ACTIVITIES | |||
Teaching & Learning Activities | # of Activities per semester | Duration (hour) | Total Workload |
Course | 14 | 3 | 42 |
Laboratory | 0 | 0 | 0 |
Application | 6 | 18 | 108 |
Special Course Internship (Work Placement) | 0 | 0 | 0 |
Field Work | 0 | 0 | 0 |
Study Hours Out of Class | 0 | 0 | 0 |
Presentations / Seminar | 0 | 0 | 0 |
Project | 0 | 0 | 0 |
Homework Assignments | 0 | 0 | 0 |
Total Workload of Teaching & Learning Activities | - | - | 150 |
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES | |||
Assesment & Evaluation Activities | # of Activities per semester | Duration (hour) | Total Workload |
Quizzes | 1 | 1 | 1 |
Midterms | 1 | 1 | 1 |
Semester Final Exam | 1 | 1 | 1 |
Total Workload of Assesment & Evaluation Activities | - | - | 3 |
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) | 153 | ||
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) | 6 |