Information Package
baskent.edu.tr

Program of Culinary Arts

SBMO107

GENERAL ACCOUNTING

Course Code
SBMO107
Semester
-
Theory+Practice
3 + 0
ECTS
4
Course TypeElective Course
Course LevelAssociate Degree
Year of Study-
Semester-
ECTS4
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Know the fundamental concepts and principles of accounting.
  2. Recognize Balance Sheet and Income Statement accounts.
  3. Know the effects of financial transactions on the balance sheet and income statement.
  4. Perform journal entries and general ledger postings for daily transactions.
  5. Prepare Trial Balances, Balance Sheets, and Income Statements.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme Components
Course DescriptionThis course is a fundamental program covering the processes of systematically recording, classifying, and reporting the financial transactions of a business. Within the framework of the course, the chart of accounts, the double-entry bookkeeping system, and the preparation of basic financial statements such as the balance sheet and income statement are covered. The primary objective is to provide students with the competence to analyze financial data, interpret the financial status of an enterprise, and perform reporting in accordance with legal regulations.
Course Contents
WEEK TOPICS
1st Week General information regarding course content, delivery method, and evaluation criteria.
2nd Week Definition, scope, and sub-fields of accounting; fundamental concepts. Balance sheet, assets and resources, effect of financial transactions on the balance sheet.
3rd Week The concept of account, operational rules and classification of accounts, Uniform Chart of Accounts.
4th Week Accounting system, recording methods, preparation of the opening balance sheet, recording in the general journal, accounting vouchers, posting to the general ledger, main ledger and subsidiary ledger relationship, preparation of monthly trial balances, correction of recording errors.
5th Week Year-end inventory operations, preparation of the adjusted trial balance, preparation of the year-end balance sheet and income statement, closing of temporary accounts, opening of new period accounts.
6th Week Preparation of the year-end balance sheet and income statement, closing of temporary accounts, opening of new period accounts.
7th Week Current Assets, Cash Account, Banks Account.
8th Week Midterm Exam
9th Week Cheques Received, Cheques Issued and Payment Orders Account
10th Week Accounts Receivable, Notes Receivable Account.
11th Week Merchandise Inventory Account, VAT Account, recording via Periodic and Perpetual Inventory Methods
12th Week Non-current assets
13th Week Accumulated Depreciation Account
14th Week Accounts Payable, Notes Payable Account
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 50
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 1 1
Preparation for Quiz
Individual or group work 21 1 21
Preparation for Final exam 1 30 30
Course hours 14 3 42
Preparation for Midterm exam 1 25 25
Laboratory (including preparation)
Final exam 1 1 1
Homework
Total Work Load120
Total Work Load / 30 (h)4
ECTS Credit of the Course4
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

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