EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF BUSINESS ADMINISTRATION
COURSE SYLLABUS
COURSE INFORMATIONCourse 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 , Thursday 13:00-15:00 |
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: | |
Teaching Assistant(s) and Office Hours: | Ira Sogani Ira Sogani |
Language: | English |
Compulsory/Elective: | Compulsory |
Classroom and Meeting Time: | Monday 14:45-16:30 Tuesday 14:45-16:30 |
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. 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: | Yes |
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 Informatics (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 | Integrate different skills and approaches to be used in decision making and data management. | 3 |
6 | Combine computer skills with managerial skills, in the analysis of large amounts of data. | 2 |
7 | Provide solutions to complex information technology problems. | 2 |
8 | Recognize, analyze, and suggest various types of information-communication systems/services that are encountered in everyday life and in the business world. | 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 |