PRINCIPLES OF ACCOUNTING II

BUS222

Course Code: BUS222
Semester: Fourth Term (Spring)
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

Fourth Term (Spring)

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Identify and apply basic generally accepted accounting principles.
Identify specific journals for each type of transaction and record common business transactions.
Determine and classify the internal events requiring adjustment, journalize and post adjusting entries.
Prepare some of the basic adjusting entries at the end of the period and be familiar with the accounting cycle.
Analyze existing account balances, prepare end-of-period adjusting entries with or without a worksheet; prepare closing entries and a post-closing trial balance.
Prepare a multiple-step income statement, an owners equity statement, and a classified balance sheet.
Use the financial statements and financial information to manage and evaluate the results of business operations.

Mode of Delivery

Face to face

Prerequisites

Yes(BUS221)

Recommended Optional Programme Components

Course Description

This course introduces to the students the account-by-account examination of financial statement elements, inventory costing methods, revaluation for fixed assets, depreciation methods, accounting for short-term investments, accounting for long-term investments, preparation of financial statements other than the basic financial statements and inflation accounting. Students who miss more than 30% of total class hours receive an F2 grade.

Course Contents

WEEK	TOPICS
1^st Week	Review of Fundamental Accounting Topics
2^nd Week	Inventories
3^rd Week	Intangible Assets
4^th Week	Current Liabilities
5^th Week	Non-Current Liabilities
6^th Week	Organizations
7^th Week	Midterm
8^th Week	Share Transactions
9^th Week	Dividends
10^th Week	Retained Earnings
11^th Week	Investments
12^th Week	Cash Flow and Cash Flow Table
13^th Week	Statement of Changes in Equity
14^th Week	Analysis and Interpretation of Financial Statements

Recommended or Required Reading

Financial Accounting IFRS Edition, 3 rd or 4 th Ed., Jerry J. Weygandt,Paul D. Kimmel, Donald E. Kieso, John Wiley and Sons, Inc.

Planned Learning Activities and Teaching Methods

Questions/Answers
Discussion
Lecture
Problem Solving

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Practice	1	10
Total(%)		50
Contribution of In-term Studies to Overall Grade(%)		50
Contribution of Final Examination to Overall Grade(%)		50
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	2	2
Preparation for Quiz	2	16	32
Individual or group work	14	1	14
Preparation for Final exam	1	30	30
Course hours	14	3	42
Preparation for Midterm exam	1	30	30
Laboratory (including preparation)
Final exam	1	2	2
Homework
Quiz	2	2	4
Total Work Load			156
Total Work Load / 30 (h)			5.2
ECTS Credit of the Course			5

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1		X
K2	X
K3			X
K4				X
K5					X
K6
K7
K8
K9
K10						X
K11							X
K12
K13