Principles of Financial Accounting

Course Code:

BBA 244

Course Period:

Spring

Course Type:

Core

P:

3

Application:

0

Credits:

3

ECTS:

5

Course Language:

İngilizce

Course Objectives:

To facilitate students’ understanding of the basic concepts of accounting, the financial statements, the underlying logic of recording financial transactions, and some basic valuation methods.

Course Content:

The definition, function and basic concepts of accounting; Basic Financial Statements and Basic Accounting Equation; The accounts of the Balance Sheet and Income Statement; The preparation of the Trial Balance and Adjusted Trial Balance; End of Period Process; Closing Process; Accounting for the purchase, sale and return of goods.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study

Course Evaluation Methods:

A: Testing, B: Presentation, C: Homework, D: Project, E: Laboratory

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Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
To be able to analyze the economic transactions that affect businesses	1,2,7,8,10	1, 2, 3	A, C
To be able to record basic transactions	2	1, 2, 3	A, C
To be able to describe and explain the basic concepts, assumptions, and international standards of accounting.	1,2	1, 2, 3	A, C
To be able to prepare the balance sheet and the income statement.	2	1, 2, 3	A, C
To be able to analyze the basic financial statements	3,5,6,7,8,10	1, 2, 3	A, C
To be able to interpret the basic financial statements	3,5,6,7,8,10	1, 2, 3	A, C

Course Flow

Week	Topics	Study Materials
1	The definition, function and basic concepts of accounting and international accounting standards	Lecture Notes
2	Basic financial statements and the Balance Sheet Identity	Lecture Notes
3	The accounts of the Balance Sheet and Income Statement	Lecture Notes
4	Accounting Records	Lecture Notes
5	The recording of transactions into the ledger	Lecture Notes
6	The preparation of the trial balance	Lecture Notes
7	Midterm
8	The accounting of the end-of-period transactions	Lecture Notes
9	The preparation of the adjusted trial balance	Lecture Notes
10	The preparation of the Balance Sheet and the Income Statement	Lecture Notes
11	Closing of temporary accounts	Lecture Notes
12	Midterm – Homework	Lecture Notes
13	Accounting for the purchase, sale, and return of goods	Lecture Notes
14	The preparation of the Income Statement for retail businesses	Lecture Notes
15	Final Exam

Recommended Sources

RESOURCES
Lecture Book	Financial Accounting by Weygandt, Kimmel, Kieso, IFRS Edition, John Wiley Sons, 2011.
Other Resources	-

Material Sharing

MATERIAL SHARING
Documents	-
Duties	-
Exam	-

Assessment

ASSESSMENT
IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-term		60
Quiz/Assignment		20
Term Assignment		20
Total		100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		45
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		55
Total		100

Course’s Contribution to Program

No	Program Learning Outcomes	Contribution Level
No	Program Learning Outcomes	1	2	3	4	5
1	Graduates of International Finance gain multinational proficiency to simplify the working conditions for them in multi-cultural workplaces, and remove communication barriers with the assistance of more than one foreign language in both verbal and written communication skills.			x
2	Graduates of International Finance have been prepared in terms of law codes for expected and unexpected financial issues in their career.				X
3	Graduates of International Finance attend relevant lectures which are supported by exercises in finance laboratory where they can experience 21^thcentury’s current technologies and programmes in area of finance.		x
4	Graduates of International Finance participate in current finance systems by applying them both theoretically and empirically to the working conditions of business life, providing a basis to analyze and interpret every-day actions in financial markets.				x
5	Graduates of International Finance learn the real dynamics behind business life in the finance sector by utilizing their knowledge, experiences, and knowledge from case studies and lectures; in addition, their attitudes in social responsibility issues and ethical values can contribute to the development of the current financial system.				x
6	Graduates of International Finance develop projects between finance and different disciplines by using their skills such as leadership, team working, and effective communication.				x
7	A graduate of international finance can analyze and interpret stock markets and international financial markets, and understand derivatives transactions.				X
8	A graduate of international finance using basic financial principals with the help of mathematical and statistical knowledge to form the decision making process can collect data, analyze, and construct necessary models for financial markets.				x
9	A graduate of international finance can recognize management tools, international financial markets and financial intermediaries and organizations. When working in the financial management department of a multinational firm one will know how to utilize this knowledge.		x
10	Graduates of international finance will be able to take responsibility in fast pace changing working conditions, economic and financial situations. They will be able to adapt with ease and be able to manage processes with analytical and creative approaches.				x
11	Graduates of international finance, with the ability for critical thinking gained in the program, will be able to examine the political situation in the international market, have an understanding of legal, political and technological forces, and when necessary will be able to pass on the knowledge and analysis they have gathered.				x

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the exam week: 15 x Total course hours)	15	4	60
Hours for off-the-classroom study (Pre-study, practice)	15	4	60
Mid-terms	2	3	6
Quiz	2	2	4
Home Work	2	3	6
Final examination	1	3	3
Total Work Load			139
Total Work Load / 25 (h)			5,56
ECTS Credit of the Course			6

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Principles of Financial Accounting

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