INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Management
2014-2015

SYLLABUS
Code Name Level Year Semester
FES 104 Introduction to Accounting Undergraduate 1 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
5 0 English

Instructor Assistant Coordinator
Sanel Halilbegović, Assist. Prof. Dr. Elvisa Buljubašić Uğur ERGUN, Assoc. Prof. Dr.
[email protected] [email protected] no email

Basic accounting concepts and principles; recording transactions; preparation of trial balance, balance sheet and income statement; opening and closing the accounts; accounting for different business organizations.

COURSE OBJECTIVE
Demonstrate an understanding of the accounting for decision making, demonstrate an understanding of the basic financial statements, demonstrate an understanding of the accounting cycle, demonstrate an understanding of the accruals and deferrals and reporting financial results, demonstrate an understanding of the merchandising activities, demonstrate an understanding of the accounting for cash and receivables, inventories, long-term assets, current liabilities and long-term liabilities, contributed capital.

COURSE CONTENT
Week
Topic
  1. Uses of accounting information and the financial statements Accounting as an information system Business goals, activities and performance measures The users of accounting information Financial position and the accounting equation Financial statements Generally accepted accounting principles (GAAP)
  2. Uses of accounting information and the financial statements Accounting as an information system Business goals, activities and performance measures The users of accounting information Financial position and the accounting equation Financial statements Generally accepted accounting principles (GAAP)
  3. Analyzing business transactions Dobule-entry system Journal-entry system Business transaction analysis The trial balance The chart of accounts Excercises
  4. Measuring business income Accrual accounting The adjustment process Excercises
  5. Completing the accounting cycle Closing entries Excercises
  6. The operating cycle and merchandising operations Managing merchandising businesses Terms of sale Perpetual inventory system Periodic inventory system Excercises
  7. Overview
  8. MID-TERM EXAM
  9. Inventories Managing inventories Inventory cost and valuation Inventory cost under the periodic inventory system Inventory cost under the perpetual inventory system Excercises
  10. Cash and Receivables Cash and Accounts receivable Cash equivalents Bank reconcilations Notes receivable Excercises
  11. Current liabilities and long term liabilities Management issues related to current liabilities Common types of current liabilities Management issues related to issuing long-term debt Types of long-term debt Excercises

  1. Long term assets Management issues related to long term assets Acquisition cost of property, plant and equipment Depreciation Disposal of Depreciable assets Intangible assets Excercises
  2. Guest lecture
  3. Overview
  4. FINAL EXAM

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Lectures
    • Practical Sessions
    • Excersises
    • Presentation
    • Seminar
    Description (%)
    Method Quantity Percentage (%)
    Quiz220
    Homework15
    Midterm Exam(s)125
    Final Exam150
    Total: 100
    Learning outcomes
    • understand basic accounting concepts and principles;
    • prepare trial balance, balance sheet and income statement;
    • open and close the accounts;
    • Record merchandising transactions
    • Record inventories, assets and liabilities
    TEXTBOOK(S)
    • Needles, B.E., Powers, M. and Crosson, S.V. (2011). Principles of Accounting, 11th Edition. Cengage Learning. (Compulsory)
    • Weil R.L., Schipper K. and Francis K. (2012). Financial Accounting: An Introduction to Concepts, Methods and Uses. Cengage Learning; 14 edition. (Auxiliary)

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