INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Banking and Finance
2016-2017

SYLLABUS
Code Name Level Year Semester
BAF 109 Introduction to Accounting Undergraduate 1 Fall
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Non-area Elective 5 2 + 1 134 English

Instructor Assistant Coordinator
Elvisa Buljubašić, Senior Teaching Assistant 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 cash and payroll.

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 & 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
  12. Accounting for Merchandising Operations
  13. Inventories and the Cost of Goods Sold
  14. Inventories and the Cost of Goods Sold
  15. Review for Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Problem solving
    • Assignments
    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, 14/e, By Williams, Haka, Bettner & 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)122
    Preparation for Midterm Examination11515
    Preparation for Final Examination13030
    Assignment / Homework/ Project41040
    Seminar / Presentation 0
    Total Workload: 134
    ECTS Credit (Total workload/25): 5