COURSE INFORMATION Course Title: FINANCIAL ACCOUNTING I

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BUS 231	B	3	4	0	0	4	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Mustafa Üç , Wednesday 9:00-12:00; 14:00-16:00
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	Monday E-314 and Thursday E-314
Course Description:	The aim of this course is to convey knowledge for an adequate interpretation, analysis and use the information provided by financial accounting. By the end of this course, students are expected to be able to prepare and analyze the basic financial statements: balance sheet, income statement, and statement of retained earnings. Explain the components of an annual reports and their significance to the economic decision makers. The role of accounting as a decision making tool is emphasized throughout the course. The complete accounting cycle, preparation of basic financial statements, and accounting for asset items including valuation are discussed in depth. The accounting for assets is discussed in depth are; merchandising activities and cost of goods sold, financial assets, plant assets and intangibles.
Course Objectives:	The aim of this course is to convey knowledge for an adequate interpretation, analysis and use the information provided by financial accounting. By the end of this course, students are expected to be able to prepare and analyze the basic financial statements: balance sheet, income statement, and statement of retained earnings. Explain the components of an annual reports and their significance to the economic decision makers.

COURSE OUTLINE

Week	Topics
1	Review Syllabus, Summary of Topics and Objectives of Financial Accounting Course, Accounting and its role in business.
2	Accounting Cycle: Capturing Economic Events (Chapter 3)
3	Accounting Cycle: Accruals and Deferrals (Chapter 4)
4	Accounting Cycle: Reporting Financial Results (Chapter 5)
5	Merchandising Activities (Chapter 6)
6	Merchandising Activities continued with problem solving (Chapter 6)
7	Financial Assets (Chapter 7)
8	Mid-Term Exam
9	Financial Assets (Chapter 7)
10	Inventories and Cost of Goods Sold (Chapter 8)
11	Inventories and Cost of Goods Sold continued with problem solving (Chapter 8)
12	Plant and Intangible Assets (Chapter 9)
13	Plant and Intangible Assets continued with problem solving (Chapter 9)
14	General Review

Prerequisite(s):
Textbook:	Financial Accounting, 16th Edition by Williams, Haka, Bettner and Carcello:McGraw-Hill, Inc., 2008 Financial Accounting: Information for Decisions, 3ed Edition by Wild:McGraw-Hill, Inc., 2005 Kontabiliteti Financiar, Dhamo: Gervis, 2003 Pasqyrat Financiare: Sipas Standarteve te Kontabilitetit, Dhamo and Cela, 2008
Other References:
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	To explain key terms regarding basic financial statements and assets.
2	To identify steps of accounting cycle.
3	To prepare basic financial statements: retained earnings, income statement and balance sheet.
4	To appraise merchandising activities and compare inventory systems.
5	To account activities related to financial assets.
6	To account inventories and COGS.
7	To appraise accounting for PPE and intangible assets.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Business Administration (3 years) Program
1	Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics.	3
2	Apply key theories to practical problems within the global business context.	3
3	Demonstrate ethical, social, and legal responsibilities in organizations.	4
4	Develop an open minded-attitude through continuous learning and team-work.	4
5	Use technology to enable business growth and sustainability.	3
6	Analyze data to make effective decisions.	4

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	40
Final Exam	1	60
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	1	64	64
Hours for off-the-classroom study (Pre-study, practice)	1	16	16
Mid-terms	1	10	10
Assignments			0
Final examination	1	20	20
Other	1	15	15
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5