BA 560 | Course Introduction and Application Information - Master of Business Administration (MBA) (With Thesis)

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	Dr. Öğr. Üyesi Mustafa Reha OKUR
Course Lecturer(s)	Dr. Öğr. Üyesi Mustafa Reha OKUR
Assistant(s)	Araş. Gör. Beyza Gürel

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
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

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, 12^th edition, Pearson, ISBN-13: 978-0134486789

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

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

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	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.

GRADUATE SCHOOL

Master of Business Administration (MBA) (With Thesis)

BA 560 | Course Introduction and Application Information

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

EVALUATION SYSTEM

ECTS / WORKLOAD TABLE

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP