Information Package
baskent.edu.tr

Program of Gastronomy and Culinary Arts

GMS103

GENERAL ACCOUNTING

Course Code
GMS103
Semester
First Term (Fall)
Theory+Practice
3 + 0
ECTS
5
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study1
SemesterFirst Term (Fall)
ECTS5
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Have information about the legal basis, structure and operation of the Uniform Chart of Accounts.
  2. Can organize, interpret and analyze balance sheet.
  3. Learns how the Income Statement is prepared and its content, can establish a relationship between the Income Statement and the Balance Sheet.
  4. The difference and relationship between Balance Sheet Accounts and Income Statement Accounts; learns how accounts are opened and closed in the accounting process and how they are transferred to the next period
  5. It can make the records of the General Ledger and Journal, and can arrange the Temporary and Final Trial Balance.
  6. Learn how to make period-end accounting transactions
  7. Obtain the necessary information about the books, records and other transactions in the accounting process from the establishment of a business until the end of the period.
  8. Have information about commercial and financial transactions, concepts, Turkish Tax System and their relationship with accounting that may be needed during the execution of their profession.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionBasic accounting information related to commercial activities and financial transactions that he may need in his professional life; important concepts, legal basis and principles of accounting; concept of account and accounting records of accounts, uniform chart of accounts; principles of balance sheet and income statement, basic level analysis of financial statements and the relationship between them; trial balance, journal and ledger records; The functioning of the accounting process is taught at the basic level.
Course Contents
WEEK TOPICS
1st Week Introduction, general information about the course content and structure, and explanations regarding assessment.
2nd Week Definition, scope, types, and fundamental concepts and principles of accounting. Explanation of legal regulations related to accounting and their legal basis. General information about the Turkish Tax System and the types of taxes that will be covered during the course.
3rd Week Balance Sheet and Income Statement: definitions, principles, and guidelines for preparation. Concepts of assets, liabilities, revenue, expenses, and costs. The establishment of a business, its capital structure, and how it is presented on the Balance Sheet. The impact of financial and commercial transactions on the Balance Sheet and Income Statement.
4th Week The concept of an account and how accounts function. Types of Accounts: Balance Sheet Accounts, Cost Accounts, and Income Statement Accounts. The effects of account transactions on the Balance Sheet and Income Statement. Introduction to the Uniform Chart of Accounts and the differences between it and the Public Oversight Authority?s Draft Chart of Accounts.
5th Week Methods and principles for recording entries in the Journal and General Ledger. Opening accounts and intra-period entries. Closing Income Statement accounts at the end of the period and carrying forward Balance Sheet accounts. Preparation of Monthly Trial Balances.
6th Week Accounting Process: Opening Balance Sheet and Periodic Transactions, Journal and General Ledger Entries, Trial Balance, Inventory, and Year-End Procedures, Balance Sheet, Income Statement, and Closing Entries. Performing all steps of the accounting process using a sample monograph.
7th Week General review and preparation for the Midterm Exam using the sample monograph.
8th Week Midterm Exam
9th Week Current Assets?Cash and Cash Equivalents
10th Week Cash Account; cash shortages and surpluses, transactions conducted in foreign currency. Bank Accounts, interest accounting. Accounts Receivable, Receivable Checks Account, Receivable Notes Account.
11th Week VAT Accounting. Input VAT Account, Output VAT Account, Carryover VAT Account, Taxes and Levies Payable Account.
12th Week Merchandise Account and Cost of Goods Sold. Inventory Methods: Periodic Inventory vs. Perpetual Inventory, Advances on Orders.
13th Week Inventories and Inventory Valuation Methods, Finished Goods, Fixed Assets, Accumulated Depreciation.
14th Week Accounts Payable, Notes Payable, Discounting Transactions. Basic financial literacy techniques and balance sheet analysis. Summary information and general explanations regarding other types of accounting.
15th Week Final Exam
Recommended or Required ReadingGenel Muhasebe Ders Kitabı: Anadolu Üniversitesi E-Kitap,
Genel Muhasebe Ders Kitabı: Atatürk Üniversitesi E-Kitap,
Finansal Muhasebe Ders Kitabı: İstanbul Üniversitesi E-Kitap
E-Kitaplar: https://yokdersleri.yok.gov.tr/
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Questions/Answers
  • Problem Solving
  • Practice
  • Report Preparation
  • Presentation
  • Project
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 4 1 4
Individual or group work 14 5 70
Preparation for Final exam 1 8 8
Course hours 14 3 42
Preparation for Midterm exam 1 5 5
Laboratory (including preparation) 0 0 0
Final exam 1 2 2
Homework 2 2 4
Total Work Load136
Total Work Load / 30 (h)4.53
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8
K1
K2
K3
K4
K5
K6
K7
K8
K9 X X X X X X X X
K10
K11
K12
K13
K14
K15
K16
K17
K18
K19
K20
K21
K22
K23