FACULTY OF BUSINESS

Department of Business Administration

BA 347 | Course Introduction and Application Information

Course Name
Intermediate Accounting I
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 347
Fall/Spring
3
0
3
6

Prerequisites
  BA 251 To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The course is composed of three parts. The first part provides a comprehensive review of the accounting cycle initially discussed in Financial Accounting which is the prerequisite of this course. The second part will help students to develop a deeper understanding of the use of IFRS Framework in IFRS reporting and will introduce contents and concepts of IFRS based financial statements. In the third part, the students will undertake an in depth analysis of definition, valuation and disclosure of asset accounts by referencing related IFRS/IAS.
Learning Outcomes The students who succeeded in this course;
  • Prepare journal, adjusting and closing entries of an entity.
  • Prepare the unadjuted and adjusted trial balances from the T-Accounts.
  • Prepare the financial statements from the adjusted trial balance.
  • Detect and correct any errors related to entry process.
  • Understand the need and the use of suspense accounts.
  • Define the elements of IFRS based financial reports (comprehensive income statement, statement of changes in equity, statement of financial position and statement of cash flows).
  • Define, value and disclose cash and receivables, inventories, property, plant and equipment, intangibles according to related IFRS/IAS.
  • Apply depreciation, impairment and depletion to property, plant and equipment and intangibles according to related IFRS/IAS.
Course Description This course is designed as an intermediate accounting course in which the aim is to provide e deeper knowlege of the use of IFRS Framework and preparation of IFRS based financial statements. The topics covered include the basic accounting principles, recording process, IFRS Framework, terms and contents of IFRS based financail statements, detailed analysis of cash and receivables, inventories, property, plant and equipment, intangibles and application of depreciation, impairments, depletion to related assets.

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 A brief overview of financial accounting and accounting standards Chapter 1
2 Conceptual Framework for Financial Reporting Chapter 2
3 An Overview of Accounting Cycle- Including journal entries, ledger, trial balance, correction of errors, suspense accounts Chapter 3 and Course notes
4 An Overview of Accounting Cycle- Including journal entries, ledger, trial balance, correction of errors, suspense accounts Chapter 3 and Course notes
5 Financial Statements – Comprehensive Income Statement and Related Information, Statement of Changes in Equiity Chapter 4-5
6 Financial Statements – Statement of Financial Position and Statement of Cash Flows Chapter 4-5
7 Cash and Receivables Chapter 7
8 Valuation of Inventories: A Cost Basis Approach Chapter 8
9 Valuation of Inventories: Additional Valuation Issues Chapter 9
10 Acquisiton and Disposition of Property, Plant and Equipment Chapter 10
11 Acquisiton and Disposition of Property, Plant and Equipment Chapter 10
12 Depreciation, Impairments and Depletion Chapter 11
13 Depreciation, Impairments and Depletion Chapter 11
14 Intangible Assets Chapter 12
15 Review of the Semester
16 Final Exam

 

Course Notes/Textbooks

Intermediate Accounting IFRS, 4th Edition, by Kieso, Weygandt and Warfield, Wiley, 2020, ISBN-13 978-1-118-44396-5

Suggested Readings/Materials

Şımga-Muğan, C., Hoşal-Akman, N. (2012), Principles of Financial Accounting, 5th Edition, McGraw-Hill, ISBN 9780077145934

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
10
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
40
Final Exam
1
50
Total

Weighting of Semester Activities on the Final Grade
2
50
Weighting of End-of-Semester Activities on the Final Grade
1
50
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
3
42
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
1
7
7
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
30
30
Final Exam
1
41
41
    Total
168

 

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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