FACULTY OF BUSINESS

Department of Business Administration

BA 251 | Course Introduction and Application Information

Course Name
Financial Accounting I
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 251
Fall
3
0
3
5

Prerequisites
None
Course Language
English
Course Type
Required
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives This course introduces the basic concepts and principles of accounting for preparing the financial statements such as statement of financial performance (income statement) and statement of financial position (balance sheet). The real focus of the course is covering the meaning of accounting information and how decision makers use this information. Throughout this course students will be provided with financial accounting concepts to give an understanding of how accounting information is made available for those who may be a manager at any level.
Learning Outcomes The students who succeeded in this course;
  • Apply the fundamental accounting principles in recognition of assets, liabilities, equity, expense and revenue items from business transactions.
  • Prepare journal, ledger (T-accounts), trial balance, adjusting and closing entries of an entity.
  • Prepare basic financial statements.
  • Perform bookkeeping and inventory costing of key merchandise transactions.
  • Determine assets depreciation based on different depreciation methods.
Course Description This course is designed as an introductory accounting course in which the aim is to initiate the students in the use and preparation of financial statements. As aspiring managers, the students need to recognize the need for accounting principles, procedures and the financial statements in decision making process of companies. The course focuses on detailed understanding of accounting concepts, accounting principles, accounting cycle, recording of transactions.

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction to accounting
2 Overview of the Accounting Environment Chapter 1
3 Accounting Cycle Chapter 2
4 Accounting Cycle Chapter 2
5 Completing the Accounting Cycle - Preparation of single entity financial statements Chapter 3
6 Completing the Accounting Cycle - Preparation of single entity financial statements Chapter 3
7 Completing the Accounting Cycle - Preparation of single entity financial statements Chapter 3
8 Presentation of Financial Statements Chapter 4
9 Presentation of Financial Statements Chapter 4
10 Internal Control, Cash and Receivables Chapter 5
11 Internal Control, Cash and Receivables Chapter 5
12 Inventory and Merchandising Operations Chapter 6
13 Inventory and Merchandising Operations Chapter 6
14 Inventory and Merchandising Operations Chapter 6
15 Semester Review
16 Final Exam

 

Course Notes/Textbooks

Harrison, Horngren, Thomas et. al., 2017, Financial Accounting International Financial Reporting Standards, Eleventh Edition

Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
2
20
Portfolio
Homework / Assignments
1
10
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
4
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
14
2
28
Field Work
0
Quizzes / Studio Critiques
2
5
10
Portfolio
0
Homework / Assignments
1
15
15
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
14
14
Final Exam
1
25
25
    Total
140

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to solve problems with an analytical and holistic viewpoint in the field of business administration.

X
2

To be able to present the findings and solutions to the business problems in written and oral formats.

3

To be able to interpret the application of business and economic concepts, and philosophies at the national and international levels.

X
4

To be able to use innovative and creative approach for real-life business situations.

5

To be able to demonstrate leadership skills in different business situations.

6

To be able to interpret the reflections of new technologies and softwares to business dynamics.   

7

To be able to integrate knowledge gained in the five areas of business administration (marketing, production, management, accounting, and finance) through a strategic perspective.

8

To be able to act in accordance with the scientific and ethical values in studies related to business administration.

X
9

To be able to work efficiently and effectively as a team member.

10

To be able to have an ethical perspective and social responsiveness when making and evaluating business decisions.

11

To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout the human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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