GRADUATE SCHOOL

Financial Economics (With Thesis)

BA 560 | Course Introduction and Application Information

Course Name
Financial Accounting
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 560
Fall/Spring
3
0
3
7.5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
Second Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Problem Solving
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The Financial accounting course introduces the principles of accounting, focuses on the preparation of financial statements 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 users. Moreover, how to use accounting information in decision making process will be examined. Basic accounting issues will be covered more detailed in the context of graduate students.
Learning Outcomes The students who succeeded in this course;
  • Describe the objective of financial reporting, the elements of the financial statements, and the related key accounting assumptions and principles.
  • Distinguish between cash basis and accrual basis accounting and the impact of each on the financial statements.
  • Prepare general financial statements in order to compare the information provided in each.
  • Explain the valuation and reporting of assets, liabilities and equity.
  • Perform analysis on financial reports in order to evaluate the performance.
Course Description This course aims to set the fundamental basis for the future accounting and finance courses by covering the bookkeeping process and the reporting of the basic financial statements as the balance sheet, income statement, the statement of cash flows, and the statement of stockholder’s equity.

 



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 Financial accounting and its economic context Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 1; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 1
2 A closer look at financial statements, the principles of accounting, the fundamental accounting equation Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapters 2 and 3; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 2
3 Financial statements and underlying accounting concepts: The mechanics of accounting, recording business transactions, preparing the unadjusted trial balance Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 4; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 2
4 Completing the Accounting Cycle Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 4; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 3
5 Preparing cash-flow statement and using financial statement information: What is the indirect method of cash-flow statement? Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 14; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapters 6 and 13
6 Merchandise Transactions Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 7; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 4
7 Inventory: LIFO, FIFO, and average cost methods Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 7; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 4
8 Midterm
9 Noncurrent assets: What is depreciation? What are the methods of depreciation? Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapter 9; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapter 10
10 What are the current and the long term liabilities? What are the provisions and contingent liabilities? What are the shareholder's equity items? Financial Accounting in an Economic Context, 10th Edition, Jamie Pratt, Michael Peters (Wiley, 2017), chapters 10 and 12; Principles of Financial Accounting based on IFRS, 5th Edition, Sımga-Mugan, C., Hosal-Akman, N. (McGraw-Hill, 2012), chapters 8, 11 and 12
11 Presentation
12 Presentation
13 Presentation
14 Presentation
15 Review of the semester
16 Final Exam

 

Course Notes/Textbooks

Pratt, J., Peters, F.M. (2017), Financial Accounting in an Economic Context, 10th Edition, Wiley, ISBN: 978-1-119-30616-0 (http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1119306167&bcsId=10565)

Sımga-Mugan, C., Hosal-Akman, N. (2012), Principles of Financial Accounting based on IFRS, 5th Edition, McGraw-Hill, ISBN 9780077145934 (http://highered.mheducation.com/sites/0077138058/information_center_view0/book_preface.html)

Suggested Readings/Materials

Nobles, Mattison, Matsumura (2017), Horngren’s Accounting, 12th edition, Pearson, ISBN-13: 978-0134486789

 

EVALUATION SYSTEM

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

Weighting of Semester Activities on the Final Grade
2
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
4
56
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
0
Presentation / Jury
1
25
25
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
40
40
Final Exam
1
45
45
    Total
214

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

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

To improve and deepen expertise in economics and finance.

2

To be able to comprehend the interaction between economics, finance and related fields.

X
3

To be able to apply the advanced level knowledge acquired in economics and finance.

4

To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods.

X
5

To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels.

6

To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems.

X
7

To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it.

8

To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values.

9

To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently.

10

To be able to use a foreign language for both following scientific progress and for written and oral communication.

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

 


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