Course Name:  Introduction to Accounting

Degree: B.A.

Code

Year/Semester

Local Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

EF 212

½ (Fall)

3

6

3

0

0

Department

Economics and Finance

Instructors

Seda Perek, SMMM

Contact Information

sperek@pirireis.edu.tr

Office Hours

Tuesday 13:00-15:00

Web page

PRU Online

Course Type

 Compulsory

Course Language

English

Course Prerequisites

  None

Course Description

This course is a comprehensive basic course in accounting for students with no prior training in accounting and it is designed to provide learners with the elementary foundations of basic accounting theory. The focus will apply the basic objectives, principles and procedures of accountancy in the preparation, analysis, interpretation, communication and reporting of general-purpose financial statements of service and merchandising firms.

Financial accounting is a key foundation course in business. No matter what area of business the student specializes in, he/she will arguably need to be able to read and interpret financial statements effectively. The primary goal of this course is to provide the student with the basic ability to do this.

Course Objectives

1. Engage in preparing, reporting and analysing the financial statements of service and merchandising companies.
2. Provide the ability to interpret the financial statements of service and merchandising companies.

Course Learning Outcomes

At the end of this course the student will be able to

1. Define the users of financial accounting, types of business organizations, accounting equation, transaction and types of financial statements.
2. Record the business transactions in the journal and general ledger using the double-entry accounting. Prepare the unadjusted trial balance.
3. Prepare the adjusting entries, adjusted trial balance, income statement, statement of owners’ equity and balance sheet, closing entries and post-closing trial balance.
4. Apply the periodic and perpetual inventory systems and inventory costing using FIFO and average costing methods.
5. Account for receivables including the accounting for bad debts.
6. Account for plant assets.
7.  Account for stockholders’ equity transactions.
8. Account for long-term liabilities and investments.
9. Prepare the cash flow statement.

Instructional Methods and Techniques

Lectures, discussions and case analyses.

Tutorial Place

--

Textbook

Nobles, Mattison, Matsumura “Horngren’s Accounting” 11th edition, Prentice Hall, Inc.

Other References

--

Homework & Projects

--

Laboratory Work

--

Computer Use

--

Other Activities

--

Assessment Criteria NAVIGATIONAL TERMS AND DEFINITIONS AND TERRESTRIAL COORDINATE SYSTEM

Activities

Quantity

Effects on Grading, %

Attendance

Midterm

1

45

Quiz

Homework/Assignment

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

55

TOTAL

100

Effects of Midterm on Grading, %

45

Effects of Final on Grading, %

55

TOTAL

100

ECTS/

WORKLOAD TABLE

Activities

Count

Hours

Total

Workload

Lecture

14

3

42

Midterm

1

45

45

Quiz

Homework

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

55

55

Total Workload

142

Total Workload/25

142/25

Course ECTS Credits

6

Week

Topics

Course Out

comes

1

Accounting and the Business Environment

I, II

2

Recording Business Transactions

I-VIII

3

The Adjusting Process

I, II, III

4

Completing the Accounting Cycle

I, II, III

5

Merchandising Operations

I, II, III, IV

6

Merchandise Inventory

I, II, III, IV

7

Mid-term

8

Receivables

I, II, III, V

9

Plant Assets, Natural Resources and Intangible Assets

I, II, III, VI

10

Corporations

I, II, III, VII

11

Long-Term Liabilities

I, II, III, VIII

12

Investments

I, II, III, VIII

13

The Statement of Cash Flows

IX

14

Review

I-IX

Program Outcomes

Level of Contribution

1

2

3

a

Ability to analize the theoretical information in the area of economics and finance, and to assess their implications in implementation.

X

b

Ability to acquire distinctive information in the area of social and and behavioral sciences through academic, managerial, and politically focused written and visual resources

X

c

Ability to acquire knowledge by integrating information related to the field of economics and finance into computerized environments.

X

d

Ability to present obtained information by employing the technical skills required by the field of economics and finance (such as in computerized environments) in Turkish or English.

X

e

Ability to employ knowledge related to the field of economics and finance in decision-making, application, and the application of decisions.

X

f

Ability to produce multidisciplinary assessments and conduct analyses in harmony with the area of economics and finance, related sub-fields, and other social science areas.

X

g

Ability to incorporate and accurately assess ethical and Professional responsibilities.

X

h

Ability to establish effective high-level written and oral communications in Turkish and English.

X

i

To have a wide-range understanding for the incorporation of the effects of the field of economics and finance in a global context.

X

j

Having acquired lifelong learning skills.

X

k

Having wide knowledge on contemporary topics.

X

l

Being open and adaptive to novelty and varying condition

X

m

Having practical and theoretical technical knowledge for being able to obtain information and results through data analysis.

X

Course

Outcomes

I

II

III

IV

V

Programme Outcomes

a

b

c

d

e

f

g

h

i

j

k

l

m

Prepared by

SEDA PEREK

Date

Signature