INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Banking and Finance
2015-2016

SYLLABUS
Code Name Level Year Semester
BAF 102 Introduction to Accounting Undergraduate 1 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 5 2 + 1 125 English

Instructor Assistant Coordinator
Ali COŞKUN, Prof. Dr. Ali Coskun Ali COŞKUN, Prof. Dr.
[email protected] [email protected] no email

Introduction to accounting introduces the students to the basic concepts and principles of accounting; recording transactions; preparation of trial balance, balance sheet and income statement; opening and closing the accounts.

COURSE OBJECTIVE
To give students an understanding of accounting terminology; analyzing and recording business transactions in a manual and computerized environment; completing the accounting cycle; preparing financial statements; and applying accounting concepts related to merchandising operations and inventories.

COURSE CONTENT
Week
Topic
  1. Accounting: Information for Decision Making
  2. Basic Accounting Equation
  3. Basic Financial Statements
  4. The Recording Process: Journal
  5. The Recording Process: Ledger and Trial Balance
  6. Adjusting the Accounts: Accruals and Deferrals
  7. Adjusted Trial Balance
  8. Midterm Exam
  9. Preparing the Financial Statements
  10. Completing the Accounting Cycle
  11. Accounting for Merchandising Operations - Part 1
  12. Accounting for Merchandising Operations - Part 2
  13. Inventories and Cost of Goods Sold - Part 1
  14. Inventories and Cost of Goods Sold - Part 2
  15. Review for Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Problem solving
    • Case Studies
    Description (%)
    Method Quantity Percentage (%)
    Quiz420
    Midterm Exam(s)130
    Final Exam150
    Total: 100
    Learning outcomes
    • Define basic accounting concepts and principles
    • Prepare trial balance, balance sheet and income statement
    • Open and close accounts
    • Record merchandising transactions
    • Record inventories
    • Distinguish between short-term assets and long-term assets
    TEXTBOOK(S)
    • Financial Accounting, 14th edition, Williams, Haka, Bettner and Carcello. 2012. McGraw Hill

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)15230
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)15115
    Midterm Examination (1 week)122
    Final Examination(1 week)133
    Preparation for Midterm Examination12525
    Preparation for Final Examination13535
    Assignment / Homework/ Project11515
    Seminar / Presentation 0
    Total Workload: 125
    ECTS Credit (Total workload/25): 5