Back

Introduction to Accounting

 

PİRİ REİS UNIVERSITY

FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES

INTERNATIONAL BUSINESS AND TRADE PROGRAM

INTRODUCTION TO ACCOUNTING COURSE CATALOG FORM

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

International Business and Trade

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

 

COURSE PLAN

 

 

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

 

 

Relationship between the Course and the Faculty of Economics and Administrative Sciences Curriculum

 

 

Program Outcomes

Level of Contribution

1

2

3

a

To be able to benefit from the basic disciplines of international business and trade (economics, business, law) and to have fundamental knowledge of these disciplines.

 

 

X

b

To be able to evaluate and interpret data, concepts and ideas in the field of international business and trade with scientific methods.

 

 

X

c

To obtain the ability to analyze international economic and trade developments, identify problems, express opinions and present solutions to problems in the organization.

 

 

X

d

To be able to comprehend the necessity of international competition and the unique business practices of different countries.

 

X

 

e

To be fully aware of the requirements of international (consumer and industrial goods) markets and be able to develop and decide strategies in finance, management, production and marketing, especially in times of crisis affecting international business environment.

 

 

X

f

To be able to foresee the processes and results of the decisions to be taken and the projects to be implemented, to take into account the cause - effect relationships and to develop a strategic approach.

 

X

 

g

To be able to focus on continuous improvement, take responsibility and be innovative in the area.

X

 

 

h

To be able to have leadership and management competencies that a manager and entrepreneur should have working at the international level.

 

X

 

i

To be able to work in teams, make horizontal and vertical communication based on professional sharing and interaction with experts in other fields, as well as having the ability to make intercultural communication.

X

 

 

j

To be able to use information and communication technologies along with the computer software at the level required by the field.

X

 

 

k

To be able to use information systems and software used in international trade operations and data analysis in addition to using computers.

 

X

 

l

To have the knowledge of at least B2 level English within the scope of European Language Portfolio Independent User and to use these qualities in verbal and written communication.

 

X

 

m

To act in accordance with social, scientific, cultural and ethical values ​​and with the consciousness of social responsibility in various fields of international trade.

 

 

X

 

         1: Small, 2: Partial, 3: Full

 

Programme Outcomes & Course Outcomes Connectivity Matrix

 

Course
Outcomes

I

II

III

IV

V

VI

VII

VIII

IX

Programme Outcomes

a. 

 

 

 

 

 

 

 

 

 

b. 

 

 

 

 

 

 

 

 

 

c. 

 

 

 

 

 

 

 

 

 

d. 

 

 

 

 

 

 

 

 

 

e. 

 

 

 

 

 

 

 

 

 

f. 

 

 

 

 

 

 

 

 

 

g.

 

 

 

 

 

 

 

 

 

h. 

 

 

 

 

 

 

 

 

 

i. 

 

 

 

 

 

 

 

 

 

j.

 

 

 

 

 

 

 

 

 

k.

 

 

 

 

 

 

 

 

 

l. 

 

 

 

 

 

 

 

 

 

m.

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by

 

Seda Perek

Date

 

 

Signature