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İzmir Ekonomi Üniversitesi

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    GRADUATE SCHOOL

    Master of Business Administration (MBA) (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
    National Occupation Classification -
    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.
    Related Sustainable Development Goals

     



    Course Category

    		Core Courses
    Major Area Courses
    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 be able to demonstrate general business knowledge and skills.
    -
    -
    X
    -
    -
    2

    To able to master the state-of-the-art literature in the area of specialization.
    -
    -
    -
    -
    -
    3

    To be able to evaluate the performance of business organizations through a holistic approach.
    -
    -
    -
    -
    -
    4

    To be able to effectively communicate scientific ideas and research results to diverse audiences.
    -
    -
    -
    -
    -
    5

    To be able to deliver creative and innovative solutions to business-related problems.
    -
    -
    X
    -
    -
    6

    To be able to solve business related problems using analytical and technological tools and techniques.
    -
    -
    X
    -
    -
    7

    To be able to take a critical perspective in evaluating business knowledge.
    -
    X
    -
    -
    -
    8

    To be able to exhibit an ethical and socially responsible behavior in conducting research and making business decisions.
    -
    -
    X
    -
    -
    9

    To be able to carry out a well-designed independent and empirical research.
    -
    -
    -
    X
    -
    10

    To be able to use a foreign language to follow information about the field of finance and participate in discussions in academic environments.

    -
    -
    -
    -
    -

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

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