Describe the aspects of generally accepted accounting principles,
Understand how to use the double-entry accounting system
Describe what balance sheet and income statement communicates
Record some of the basic credit and cash transactions
Prepare some of the basic adjusting entries at the end of the period
Prepare a basic balance sheet and income statement for a merchandising company.
Mode of Delivery
Face to face
Prerequisites
No
Recommended Optional Programme Components
None
Course Description
This course is designed for defining basic financial accounting terms, concepts and rules. Emphasis is placed on introducing the general principles of accounting, accounting cycle, basic accounting concepts, accounts and types of accounts, recording process and preparation of financial statements.
Students who miss more than 30% of total class hours receive an F2 grade.
Course Contents
WEEK
TOPICS
1st Week
Introduction to the course
2nd Week
The Basic Accounting Concepts and Principles
3rd Week
The Double Entry System
4th Week
The Double Entry System (continued)
5th Week
The Main Accounts and the Auxiliary Accounts
6th Week
Introduction to Uniform Accounting System
7th Week
Midterm
8th Week
Accounts and Debit/Credit Procedures
9th Week
Accounts and Debit/Credit Procedures (continued)
10th Week
The Basic Financial Statements
11th Week
Monetary Assets
12th Week
Monetary Assets (continued)
13th Week
Marketable Securities
14th Week
Marketable Securities (continued)
Recommended or Required Reading
O. Sevilengül, Genel Muhasebe, 15. Baskı, Gazi Kitabevi, 2009
O. Sevilengül, Çözümlü Genel Muhasebe Problemleri, Gazi Kitabevi, 2010
Planned Learning Activities and Teaching Methods
Lecture
Discussion
Problem Solving
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
40
Quiz
1
10
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
