Week
|
Topics
|
Course Outcomes
|
1
|
Accounting as a dynamic system.
The need to count, record and reach information. The association with mathematics.
|
I
|
2
|
Accounting as a non-empirical science of balance.
Analogy of accounting with the laws of physics and chemistry.
Historical development and functions of accounting along with its role in our daily lives. with the common saying in Turkish “muhasebesini yapmak”.
|
I
|
3
|
“Account” as the building block of the accounting system.
Meaning of debit and credit.
The trial balance.
Ability and talent to display increases and decreases with the numbers always in balance.
|
II, III, IV
|
4
|
The basic accounting equation.
The positions of accounts on the balance sheet and the income statement with their reasons.
Turkish Accounting Standards and the Uniform Chart of Accounts.
|
II, III, IV
|
5
|
Understanding, sorting, recording and reporting of accounting-related events using logic and its contribution to growth.
|
I, II
|
6
|
The documents used, terms and parties in the accounting system.
Accounting as a universal language that transforms monetary data into information.
|
III
|
7
|
A case study to be done in class.
|
II, III
|
8
|
MIDTERM EXAM
|
|
9
|
Statutory books and system of recording.
Tasks with deadlines, retention periods of documents and criminal liabilities.
|
III
|
10
|
Tracking assets and liabilities; the inventory, and its vitality.
Evaluation of the situation, transfer of an account’s balance on a time schedule, the cash flow statement, balance of payments.
Foreseeing the situation, analysis of growth and sinking. Use of graphs for reinforcement.
|
I, IV
|
11
|
Accounting of tax and personnel deductions to be paid and collected.
Calculation of wage through a sample study of payroll.
The right and liability of severance pay. Use of graphs for reinforcement.
|
IV, V
|
12
|
From debt and credit to assets and liabilities – closing the accounts.
Balance sheet and income statement as the fundamental components.
Quantitative analysis from real records/data and sample graphics.
|
IV, V
|
13
|
Basic accounts that affect profit & loss and their procedures. Depreciation, income and corporate tax assessments, loss accrual.
|
I, II, III, V
|
14
|
Generation of reports that present numerically the contribution and value-added by each employee, unit and manager by means of the synaptic ties of accounting with other units.
|
V
|
14.1
|
Seminar: How is Industry 4.0 and the Internet of Things expected to affect accounting? How is the decision process going to be in the future? How shall we get prepared?
|
|