Back

Introduction to Accounting

 

PİRİ REİS UNIVERSITY

FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES

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

      2/1 (Fall)

3

6

3

0

0

Department

Management Information Systems

Instructors

Seda Perek, SMMM

Contact Information

sperek@pirireis.edu.tr

Office Hours

 

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 Management Information Systems Department’s Curriculum

 

 

 

Program Outcomes

Level of Contribution

1

2

3

a

To use concepts and theories related to different basic functions of business, to analyze and solve related process problems.

 

 

X

b

As managers of the business, making decisions using appropriate analytical and quantitative techniques.

 

 

X

c

Having research skills on how to obtain the necessary resources to evaluate and solve business problems.

 

 

X

d

When adapting information technology applications, be aware of relevant environmental, social and ethical rules

 

X

 

e

Using a foreign language and communicating verbally and in writing with colleagues from all over the world to follow new developments in business, management and information.

 

X

 

f

To demonstrate teamwork and leadership skills required in business environment and project management.

X

 

 

g

For information technology applications - for interdisciplinary work that can combine social and technical areas - to produce and analyze strategies that will improve operational efficiency, improve creativity and innovation.

X

 

 

h

Identify software, hardware, infrastructure, database and communication requirements according to business requirements, design the necessary components, make the selection, manage the system.

 

X

 

i

To create a project plan for an information system project, to analyze and document the necessary needs, to dominate the systematic database analysis, design and implementation stages, to give technical and managerial contributions, to take responsibility and to manage effectively.

 

X

 

j

To know programming and database logic and to use a modern programming language.

X

 

 

k

To have mastery of administrative / functional applications of enterprise information systems. To have knowledge about types of enterprise software, software selection and purchase decision, to plan and manage software development processes.

 

X

 

1: Small, 2: Partial, 3: Full

 

Programme Outcomes & Course Outcomes Connectivity Matrix

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

13/08/2018

Signature