FACULTY OF BUSINESS
Department of International Trade and Finance
BA 251 | Course Introduction and Application Information
Course Name |
Financial Accounting I
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
BA 251
|
Fall/Spring
|
3
|
0
|
3
|
5
|
Prerequisites |
None
|
|||||
Course Language |
English
|
|||||
Course Type |
Service Course
|
|||||
Course Level |
First Cycle
|
|||||
Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | DiscussionProblem SolvingLecture / Presentation | |||||
Course Coordinator | ||||||
Course Lecturer(s) | ||||||
Assistant(s) | - |
Course Objectives | This course introduces the basic concepts and principles of accounting for preparing the financial statements such as statement of financial performance (income statement) and statement of financial position (balance sheet). The real focus of the course is covering the meaning of accounting information 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 those who may be a manager at any level. |
Learning Outcomes |
The students who succeeded in this course;
|
Course Description | This course is designed as an introductory accounting course in which the aim is to initiate the students in the use and preparation of financial statements. As aspiring managers, the students need to recognize the need for accounting principles, procedures and the financial statements in decision making process of companies. The course focuses on detailed understanding of accounting concepts, accounting principles, accounting cycle, recording of transactions. |
|
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 | Introduction to accounting | |
2 | Overview of the Accounting Environment | Chapter 1 |
3 | Accounting Cycle | Chapter 2 |
4 | Accounting Cycle | Chapter 2 |
5 | Completing the Accounting Cycle - Preparation of single entity financial statements | Chapter 3 |
6 | Completing the Accounting Cycle - Preparation of single entity financial statements | Chapter 3 |
7 | Completing the Accounting Cycle - Preparation of single entity financial statements | Chapter 3 |
8 | Presentation of Financial Statements | Chapter 4 |
9 | Presentation of Financial Statements | Chapter 4 |
10 | Internal Control, Cash and Receivables | Chapter 5 |
11 | Internal Control, Cash and Receivables | Chapter 5 |
12 | Inventory and Merchandising Operations | Chapter 6 |
13 | Inventory and Merchandising Operations | Chapter 6 |
14 | Inventory and Merchandising Operations | Chapter 6 |
15 | Semester Review | |
16 | Final Exam |
Course Notes/Textbooks | Financial & Managerial Accounting, Jan Williams and Mark Bettner and Joseph Carcello, 2023, 20th edition. ISBN10: 1264445245 ISBN13: 9781264445240 |
Suggested Readings/Materials |
EVALUATION SYSTEM
Semester Activities | Number | Weigthing |
Participation | ||
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments |
1
|
30
|
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exams | ||
Midterm |
1
|
30
|
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
|
2
|
28
|
Field Work |
0
|
||
Quizzes / Studio Critiques |
0
|
||
Portfolio |
0
|
||
Homework / Assignments |
5
|
5
|
25
|
Presentation / Jury |
0
|
||
Project |
0
|
||
Seminar / Workshop |
0
|
||
Oral Exam |
0
|
||
Midterms |
1
|
14
|
14
|
Final Exam |
1
|
25
|
25
|
Total |
140
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
1
|
2
|
3
|
4
|
5
|
||
1 | To be able to identify and analyze problems in the field of trade and finance, and to develop solutions. |
|||||
2 | To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance. | |||||
3 | To be able to analyze the developments in global markets by using critical thinking skills. | |||||
4 | To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively. | |||||
5 | To be able to acquire knowledge about the legal regulations and practices in the field. | |||||
6 | To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks. | |||||
7 | To be able to acquire and use verbal and numerical skills necessary for the nature of international trade and finance program. | |||||
8 | To be able to obtain, synthesize and report the information related to the fields of trade and finance. | |||||
9 | To be able to contribute to the solution of problems as individual, team member or leader. | |||||
10 | To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity. |
|||||
11 | To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). | |||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
13 | To be able to relate the knowledge accumulated throughout human history to their field of expertise. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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