INTERNATIONAL TRADE AND BUSINESS | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
BA2223 | Principles of Accounting I | Fall | 3 | 0 | 3 | 6 |
Language of instruction: | English |
Type of course: | Must Course |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Prof. Dr. FİGEN TÜRÜDÜOĞLU |
Course Lecturer(s): |
Prof. Dr. FİGEN TÜRÜDÜOĞLU Assoc. Prof. HÜMEYRA ADIGÜZEL Prof. Dr. FATMA ÖZKUL |
Recommended Optional Program Components: | NONE |
Course Objectives: | Accounting principles is a course that introduces students to the fundamentals of financial accounting. Financial accounting is the field of accounting that provides economics and financial information for external users, such as investors and creditors.This course deals mainly with accounting cycle, recording and adjusting process and accounting for merchandising. After completing this course, the students are expected to be able to understand how to use and interpret accounting information. |
The students who have succeeded in this course; The students who have succeeded in this course; 1. Can learn to comprehend a new discipline in detail 2. Have a good background in financial matters 3. Have the basic information about financial reporting 4. Learns the effects of financial factors on business performance, in short, to establish cause-effect relationships. 5. Learns the terminology of this discipline in English |
This course includes the topics: Accounting and the Business Environment Recording Business Transactions The Adjusting Process Completing the Accounting Cycle Merchandising Operations Merchandise Inventory |
Week | Subject | Related Preparation |
1) | Orientation • Course Schedule Review • Expectations | |
2) | Accounting and Business Environment Accounting profession, accounting concepts and principles, the accounting equation, using financial statement to evaluate business performance Pop QUIZ 1 | |
3) | Recording Business Transactions The account, the journal and the ledger; debits, credits, and doubleentry accounting; steps of the transaction recording process POP QUIZ 2 | |
4) | Recording Business Transactions Journalizing transactions and preparing the trial balance POP QUIZ 3 | |
5) | The Adjusting Process Accrual accounting versus cash basis accounting, adjusting entries POP QUIZ 4 | |
6) | The Adjusting Process The adjusted trial balance and preparing the statements, relationships among the financial statements POP QUIZ 5 | |
7) | Completing the Accounting Cycle Closing the accounts, postclosing trial balance POP QUIZ 6 | |
8) | Completing the Accounting Cycle Classifying assets and liabilities, the classified balance sheet POP QUIZ 7 HOMEWORK 1 | |
9) | Midterm Exam on MyAccountingLab | |
10) | Merchandising Operations Two types of inventory systems, account for purchase of inventory POP QUIZ 8 | |
11) | Merchandising Operations Account for sale of inventory POP QUIZ 9 | |
12) | Merchandise Inventory Inventory costing methods POP QUIZ 10 | |
13) | Merchandise Inventory Inventory costing methods POP QUIZ 11 | |
14) | Final Review, Problem section HOMEWORK 2 |
Course Notes / Textbooks: | Horngren’s Accounting, Nobles, Mattison, Matsumura, Financial Chapters, Pearson, 11th Global Edition Other required readings will be uploaded to students via Itslearning. |
References: | yok |
Semester Requirements | Number of Activities | Level of Contribution |
Quizzes | 11 | % 30 |
Homework Assignments | 2 | % 10 |
Midterms | 1 | % 20 |
Final | 1 | % 40 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
Total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 42 |
Study Hours Out of Class | 14 | 70 |
Homework Assignments | 2 | 4 |
Quizzes | 14 | 28 |
Midterms | 1 | 2 |
Final | 1 | 2 |
Total Workload | 148 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Has theoretical and practical knowledge on management, business, trade, economy, entrepreneurship, innovation, sustainable development related to International Trade and Business and can use this information | 4 |
2) | Can collect data from different sources in the global business world and successfully apply research techniques, use information and communication technologies. | 4 |
3) | Can analyze opportunities and threats with strategic thinking skills by using different resources and channels in the ever-changing global business world. | 5 |
4) | Can communicate orally and in writing with a good knowledge of English grammar. | 5 |
5) | He / she can transfer the knowledge and skills he / she has acquired in the field to the relevant people in written and oral form and evaluate them critically. | 3 |
6) | Adopts the principles of business ethics with the awareness of professional responsibility and can apply these principles within the framework of legal rules in the field of global trade and business. | 3 |
7) | He / she can collaborate in and out of the field, take responsibility, respect cultural differences and have ethical values. | 2 |
8) | Has sufficient awareness of social rights, justice, cultural values, environmental awareness, occupational health and safety. | 2 |
9) | With the lifelong learning skill acquired, she/he can identify learning needs and improve herself/himself | 4 |