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Introduction to Accounting

 

 

PİRİ REİS UNIVERSITY

MARITIME VOCATIONAL HIGHER SCHOOL

 

Course Name : Introduction to Accounting

Degree: Associate

 

Code

 

 

Year/Semester

Local Credits

ECTS

Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

DBO1005

1/1 (Fall)

3

4

3

-

-

Department

Management and Organization, Maritime Brokerage Program

Instructors

 

 

Contact Information

 

 

Office Hours

 

Web page

http://www.pirireis.edu.tr/pruonline/www/index.php

Course Type

Compulsory

Course Language

Turkish

Course Prerequisites

N/A

Course Category by Content, %

Basic Sciences

Engineering Science

Engineering Design

Humanities

30

 

 

70

Course Description

 

In this course, required knowledge and perspective for a good comprehension of the accounts and the systems approach to accounting will be provided along with the presentation of practical issues such as statutory books and liabilities, fiscal statements and related graphics.

 

 

Course Objectives

 

This course aims at providing students with required fundamental accounting knowledge that will of use to them from the first day of their careers on.

 

Course Learning Outcomes

 

Students who successfully complete this course will

  1. comprehend that accounting  is a system and a science of balance
  2. have a good grasp of accounts (the logic of debit and credit)
  3. be able to take part in the flow of information in the accounting system
  4. recognize statutory books and related documents of the system
  5. be able to make use of tables and graphics for the interpretation of the system’s outputs.

Instructional Methods and Techniques

 

Tutorial Place

 

Co-term Condition

 

Textbook

 

Other References

 

Homework & Projects

 

Laboratory Work

 

Computer Use

 

Other Activities

 

                   

 

 

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

 

 

Midterm

1

30

Quiz

1

10

Homework

1

10

Term Paper/Project

 

 

Laboratory Work

 

 

Practices

 

 

Tutorial

 

 

Seminar

 

 

Participation and Contribution

1

10

Presentation

 

 

Field Study

 

 

Final Exam

1

40

TOTAL

 

100

Effects of Midterm on Grading, %

 

60%

Effects of Final on Grading, %

 

40%

TOTAL

 

100%

 

 

 

ECTS/

WORKLOAD TABLE

Activities

Count

Hours

Total Workload

Lecture

14

3

42

Weekly review

14

1

14

Midterm

1

13

13

Quiz

1

6

6

Homework

1

4

4

Term Paper/Project

 

 

 

Laboratory Work

 

 

 

Practices

 

 

 

Tutorial

 

 

 

Seminar

1

2

2

Presentation

 

 

 

Field Study

 

 

 

Final Exam

1

15

15

Total Workload

 

 

96

Total Workload/25

 

 

96/25

Course ECTS Credits

 

 

4

 

 

 

 

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?

 

 

 

 

 

Relationship between the Program Outcomes and Level of Contribution

 

 

 

Program Outcomes

Level of Contribution

1

2

3

a

An ability to apply knowledge of mathematics, science, and engineering

 

X

 

b

An  ability to design and conduct experiments, as well as to analyze and interpret data

 

 

X

c

An ability to design a system, component or process to meet desired needs

 

X

 

d

Ability to function on multi-disciplinary teams

X

 

 

e

An ability to identify, formulate, and solve engineering problems

 

 

X

f

An understanding of professional and ethical responsibility

 

 

X

g

An ability to communicate effectively

X

 

 

h

The broad education necessary to understand the impact of engineering solutions in a global and societal context

 

 

X

i

A recognition of the need for, and an ability to engage in life-long learning

 

 

X

j

A knowledge of contemporary issues

 

 

X

k

An ability to use the techniques, skills and modern engineering tools necessary for engineering practice

 

X

 

l

An ability to apply legal, societal and environmental knowledge in maritime transport and in all respective modes of transport operations.

 

X

 

m

An ability to interpret and analysis of the data regarding maritime management and operations, recognition and solution of problems for decision making process.

 

 

X

 

   

  1: Small, 2: Partial, 3: Full

 

 

 

 

 

 

Program Outcomes & Course Outcomes Connectivity Matrix

Course

Outcomes

I

II

III

IV

V

Programme              Outcomes

a

 

X

X

 

 

b

X

 

 

 

X

c

 

 

 

 

X

d

 

 

 

 

 

e

X

X

 

 

 

f

 

 

 

X

 

g

 

 

 

 

 

h

X

 

 

X

 

i

X

 

 

X

 

j

 

 

 

 

X

k

 

 

 

X

X

l

X

 

 

 

X

m

 

 

 

 

X