Faculty of Business and Management Sciences · International Trade and Finance (English) · Undergraduate
Course Objective
The objective of this course is to introduce students to the fundamental concepts of accounting, the logic of financial reporting, and the functioning of the accounting process in businesses. Upon completion of this course, students will possess the knowledge and skills to record business activities in accounting records, prepare basic financial statements, and interpret these statements.
Course Content
Definition, purpose, and basic concepts of accounting
Uniform Chart of Accounts and accounting principles
Accounting process and accounting record process
Period transactions and journal entries
Preparing a trial balance
Period-end procedures (closing entries, closing income and expense accounts)
Preparation of basic financial statements (Balance Sheet, Income Statement)
Required Resources
Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Accounting Principles, 12th Edition, Wiley (2015)
Recommended Resources
Brian J. Bushee, Introduction to Financial Accounting, Wharton's Business Foundations Specialization (Wharton School of the University of Pennsylvania).
Explanations
Evaluation grade in the course will be determined by a mid-term examination and a final examination. No extra credits will be granted.
Specific grade determination will be as follows:
- Mid-Term Examination 30%
- Final Examination 70%
Rules
Courses will be held online via Microsoft Teams.
Course Learning Outcomes
- Explain the basic concepts and principles of accounting.
- Classify accounts according to the Uniform Chart of Accounts and apply the rules governing their operation.
- Record business transactions in the journal and the general ledger.
- Prepare a trial balance.
- Prepare the balance sheet and income statement.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 1 | 1 |
| Quiz | 1 | 2 | 2 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Accounting | Weygandt (Ch. 1) |
| 2 | Introduction to Accounting | Weygandt (Ch.1) |
| 3 | The Recording Process | Weygandt (Ch. 2) |
| 4 | The Recording Process | Weygandt (Ch. 2) |
| 5 | The Recording Process | Weygandt (Ch. 2) |
| 6 | Adjusting the Accounts | Weygandt (Ch. 3) |
| 7 | Adjusting the Accounts | Weygandt (Ch. 3) |
| 8 | Ara Sınav | Ara Sınav |
| 9 | Completing the Accounting Cycle | Weygandt (Ch. 4) |
| 10 | Case Study | Class Notes |
| 11 | Case Study | Class Notes |
| 12 | Accounting for Merchandising Operations | Weygandt (Ch. 5) |
| 13 | Accounting for Merchandising Operations | Weygandt (Ch. 5) |
| 14 | Inventories | Weygandt (Ch. 6) |
| 15 | Inventories | Weygandt (Ch. 6) |
| 16 | Final Sınavı | Final Sınavı |