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

SYLLABUS
Code Name Level Year Semester
BAF 110 Financial Accounting Undergraduate 1 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
5 115 English

Instructor Assistant Coordinator
Elvisa Buljubašić, Senior Teaching Assistant Ali Coskun Elvisa Buljubašić, Senior Teaching Assistant
[email protected] [email protected] no email

This course introduces students to the principles, concepts, and applications of financial accounting. Students are exposed to the process by which financial transactions and events are recorded, and will learn how to compile and interpret basic financial statements.

COURSE OBJECTIVE
To ensure that students are able to analyze a company’s financial statements and come to a reasoned conclusion about the financial situation of the company.

COURSE CONTENT
Week
Topic
  1. Introduction
  2. Financial Assets (Cash, Marketable Securities)
  3. Financial Assets (Accounts and Notes Receivable)
  4. Plant Assets
  5. Intangible Assets
  6. Liabilities
  7. Preparation for Midterm Exam
  8. Midterm Exam
  9. Payroll Liabilities & Value Added Taxes
  10. Stockholder\'s Equity: Paid in Capital
  11. Stockholder\'s Equity: Paid in Capital
  12. Income and Changes in Retained Earnings
  13. Statement of Cash Flows
  14. Statement of Cash Flows
  15. Preparation for Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Presentation
    • Problem solving
    Description (%)
    Method Quantity Percentage (%)
    Quiz420
    Midterm Exam(s)130
    Final Exam150
    Total: 100
    Learning outcomes
    • Prepare a balance sheet, income statement, statement of changes in equity, and a statement of cash flows using both the indirect and direct method
    • Describe the system of accounting standards and principles
    • Account for short term investments and receivables
    • Account for the purchase, depreciation, and derecognition of tangible and intangible long-term assets
    • Analyze financial statements
    TEXTBOOK(S)
    • Financial Accounting. Williams, Haka, Bettner & Carcello. 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 Examination12020
    Preparation for Final Examination12525
    Assignment / Homework/ Project4520
    Seminar / Presentation 0
    Total Workload: 115
    ECTS Credit (Total workload/25): 5