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
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.
Course Description 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 Content 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
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 Pratt and Peters (2017), ch.1; Sımga-Mugan and Hosal-Akman (2012), ch.1
2 A closer look at financial statements, The Principles of Accounting, The fundamental accounting equation Pratt and Peters (2017), ch.2-3; Sımga-Mugan and Hosal-Akman (2012), ch.2
3 The mechanics of accounting, recording business transactions, preparing the unadjusted trial balance. Pratt and Peters (2017), ch.4; Sımga-Mugan and Hosal-Akman (2012), ch.2
4 The mechanics of accounting, The adjusting process, Completing the accounting cycle, Preparing the financial statements Pratt and Peters (2017), ch.4;Sımga-Mugan and Hosal-Akman (2012), ch.3
5 Preparing Cash-Flow Statement and Using Financial Statement Information. What is the indirect method of cash-flow statement? Pratt and Peters (2017), ch.14; Sımga-Mugan and Hosal-Akman (2012), ch.6 and 13
6 Financial Statements Analysis Pratt and Peters (2017), ch.5; Sımga-Mugan and Hosal-Akman (2012), ch.14
7 Financial Statements Analysis Pratt and Peters (2017), ch.5; Sımga-Mugan and Hosal-Akman (2012), ch.14
8 Midterm
9 Merchandise Business Operations and reporting in financial statements, LIFO, FIFO, and average cost methods Pratt and Peters (2017), ch.7; Sımga-Mugan and Hosal-Akman (2012), ch.4
10 Merchandise Business Operations and reporting in financial statements, LIFO, FIFO, and average cost methods Pratt and Peters (2017), ch.7; Sımga-Mugan and Hosal-Akman (2012), ch.4
11 Long Lived Assets. What is depreciation? What are the methods of Depreciation? Pratt and Peters (2017), ch.9; Sımga-Mugan and Hosal-Akman (2012), ch.10
12 Long Lived Assets. What is depreciation? What are the methods of Depreciation? Pratt and Peters (2017), ch.9; Sımga-Mugan and Hosal-Akman (2012), ch.10
13 What are the Current and the Long Term Liabilities? What are the provisions and contingent liabilities? What are the shareholder's equity items? Pratt and Peters (2017), ch.10 and 12; Sımga-Mugan and Hosal-Akman (2012), ch.8, 11 and 12
14 Review of the semester
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
Homework / Assignments
1
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
30
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
Study Hours Out of Class
15
4
Field Work
Quizzes / Studio Critiques
Homework / Assignments
1
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
30
Final Exam
1
45
    Total
203

 

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.

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