Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
3BUS 201Financial Accounting I3+0+03503.12.2023

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program Business Administration (English)
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course Learning the fundamental accounting concepts and the principles of financial accounting
Course Content Definition of accounting, users of accounting information, generally accepted accounting concepts and principles, financial statements, double-entry bookkeeping and recording rules, journalization of transactions and postings to ledger, unadjusted trial balance, adjusting process, adjusted trial balance, preparing financial statements, accounting cycle, the closing process, merchandising operations, merchandise inventory, internal control and cash management, receivables management, fixed assets and depreciation, overview of Turkish accounting system
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof.Dr. Ali Ulvi ÖZGÜL
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Horngren’s Accounting, The Financial Chapters, Tracie Miller-Nobles, Brenda Mattison & Ella Mae Matsumura (11th Global ed., 2016), Pearson.
Financial Accounting, Robert Libby et al. (11th ed., 2023).
Financial Accounting IFRS, Walter T. Harrison et al., (11th ed., 2018).

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 35
Attendance 14 % 5
Final examination 1 % 60
Total
16
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 4 56
Assignments 5 3 15
Mid-terms 1 15 15
Final examination 1 27 27
Total Work Load   Number of ECTS Credits 5 155

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 At the end of the course student learns fundamental accounting concepts.
2 Understands the financial statements and interprets them in terms of accounts.
3 Determines the accounting equation, measures the business performance through revenues/earnings and expenses/costs.
4 Finalizes the accounting cycle.
5 Completes the period-end closing procedures.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Accounting and the Business Environment (Importance of Accounting in Businesses, Generally Accepted Accounting Principles (GAAP), The Accounting Equation, Overview of Financial Statements)
2 Recording Business Transactions (Chart of Accounts, Journal and Ledger, Double-Entry Bookkeeping System)
3 Recording Business Transactions (Recording transactions, The Trial Balance)
4 The Adjusting Process (Cash vs. Accrual Basis Accounting, Adjusting Entries, Adjusted Trial Balance)
5 Review and Exercises on Recording Transactions, Adjusting Entries and Preparing Unadjusted / Adjusted Trial Balances
6 Completing the Accounting Cycle (Preparing Financial Statements, The Closing Process)
7 Completing the Accounting Cycle (Preparing the Post-closing Trial Balance, Understanding Accounting Cycle, The Reversing Entries)
8 Midterm
9 Merchandising Operations
10 Merchandise Inventory
11 Internal Control & Cash
12 Receivables
13 Fixed Assets, Natural Resources, and Intangibles
14 Overview of the Turkish Accounting System
15 General Evaluation & Exercises
16 Final Exam

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11
C1
C2 2 2 2
C3 3 3 3
C4 4 4 4
C5 5 5

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
  https://obs.ankarabilim.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=61836&curProgID=5868&lang=en