The aim of the course is to enable students to distinguish the different forms of business ownership, to appreciate the impact of different forms of business ownership on financial reporting and the resulting capital structure and to understand the impact of statutory regulations and the accounting profession's requirements on the format and presentation of company accounts. On completion of this course, students should be able to prepare financial statements for corporations, make adjustments required for the application of different accounting concepts, assess the financial wealth of a business from a set of annual reports and identify underlying causes for changes in performance, adjust for businesses adopting different accounting policies.
Upon successful completion of the course, students will be able to;
Demonstrate an understanding of basic accounting principles as it relates to assets, liabilities and shareholders' equity transactions
Apply basic accounting principles in accounting for asset, liability and shareholders' equity transactions
Prepare the Statement of Cash Flows of a company
Apply various financial analysis techniques
Analyze the financial statements of a company by utilizing various analysis techniques
Face to Face
Restriction : BUS 105 or BUS 213 or CUL 310 or HM 114 or LEC 242 or MUG 102 or SHU 102 or THM 207 or VOC 222
Special Condition : BKS 101 or BUS 211 or CUL 310 or HEC 241 or HM 111 or LEC 241 or MUG 101 or SHU 102 or THM 207 or VOC 221
Theoretical lectures(Lecture), Study time for Theoretical Lectures (Lecture), In-class practice(Class), Study time for In-class practice (Class), Study time for midterm(s), Study time for final exam
Does not require consent
Use of calculator is permitted during the exams.
Course Content
Accounting for Inventories; Inventory Measurement; Periodic and Perpetual Inventory Methods (I)
Long-term Plant Assets; Cost Measurement and Depreciation/Amortization/Depletion
Current and Long-term Liabilities
Contributed Capital
The Statement of Stockholders’ Equity
The Statement of Cash Flows; Purposes, Components and Format; Indirect Method
Midterm Review session
Midterm Exam week
Midterm Exam week
The Statement of Cash Flows; Purposes, Components and Format; Indirect Method
The Statement of Cash Flows – Indirect Method and Analysis
The Statement of Cash Flows – direct Method and Analysis
Any test, assignment, paper, or report submitted by you and that has your name on it is presumed to be your own original work that has not previously been submitted for credit in another course or has not been written partially or completely by another person. In all of your assignments, you may use words or ideas written by other individuals in publications, web sites, or other sources, but only with proper attribution as explained in your course. If you are not clear about the expectations for completing an assignment or taking a test or examination, be sure to seek clarification from your instructor. Finally, you should keep in mind that as a member of the campus community, you are expected to demonstrate integrity in all of your academic endeavors and will be evaluated on your own merits.. The consequences of cheating and academic dishonesty is a formal discipline punishment as regulated by the Turkish Higher Educational Council.
Educational Support for Disabled Students
If you have a disability for which you are or may be requesting an accommodation, you are encouraged to contact both your instructor and Bilgi Accessible Education Unit as early as possible in the term. Bilgi Accessible Education Unit will verify your disability and determine reasonable accommodations for this course. For more information, visit http://step.bilgi.edu.tr/en/ogrenci-destek-merkezi/bilgi-accessible-education-unit/
