Ability to do the accounting transactions, understanding to read the financial statements, distinguish the costing systems and learn them how to use in the managerial decisions.
Prerequisite(s)
None
Corequisite(s)
None
Special Requisite(s)
None
Instructor(s)
Lecturer Dr. Oğuz Koban
Course Assistant(s)
Abdullah Osman
Schedule
This course is not offered in this semester.
Office Hour(s)
This course is not offered in this semester.
Teaching Methods and Techniques
The lecturer explains the lesson from the lecture notes and the book and gives examples from business life. The course book is recommended by the lecturer. Students take their lecture notes and ask their questions. Questions asked at the end of the lectures are answered at the beginning of the following lecture.
Principle Sources
Accounting: Text and cases. 11th edition. Robert N. Anthony, Davis F. Hawkins. Mc Graw Hill, International Edition, 2003.
Other Sources
Cases and exercises.
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction to accounting
Lecture notes and slides
2. Week
Recording, posting and financial statements
Lecture notes and slides
3. Week
Recording, posting and financial statements
Lecture notes and slides
4. Week
Recording, posting and financial statements
Lecture notes and slides
5. Week
Recording, posting and financial statements and QUIZ 1
Lecture notes and slides
6. Week
Journal recordings of miscellaneous transactions
Lecture notes and slides
7. Week
Introduction to cost accounting
Lecture notes and slides
8. Week
MIDTERM EXAM
9. Week
Fundamental concepts in cost accounting
Lecture notes and slides
10. Week
Costing systems
Lecture notes and slides
11. Week
Job costing and QUIZ 2
Lecture notes and slides
12. Week
Introduction to process costing
Lecture notes and slides
13. Week
Process costing
Lecture notes and slides
14. Week
Process costing
Lecture notes and slides
15. Week
FINAL EXAM
16. Week
FINAL EXAM
17. Week
FINAL EXAM
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
25
Quizzes
1
20
Attendance
1
10
Final Exam
1
45
Program Outcomes
PO-1
Ability to apply theoretical and practical knowledge gained by Mathematics, Science and their engineering fields and ability to use their knowledge in solving complex engineering problems.
PO-2
Ability of determining, defining, formulating and solving complex engineering problems; for that purpose develop the ability of selecting and implementing suitable models and methods of analysis.
PO-3
Ability of designing a complex system, process, device or product under real world constraints and conditions serving certain needs; for this purpose ability of applying modern design techniques
PO-4
Ability of selecting and using the modern techniques and devices which are necessary for analyzing and solving complex problems in engineering implementations; ability of efficient usage of information technologies.
PO-5
Ability of designing experiments, conducting tests, collecting data and analyzing and interpreting the solutions to investigate of complex engineering problems or discipline-specific research topics.
PO-6
Ability of working efficiently in intra-disciplinary and multi-disciplinary teams; individual working ability and habits.
PO-7
Ability of verbal and written communication skills; and at least one foreign language skills, ability to write effective reports and understand written reports, ability to prepare design and production reports, ability to make impressive presentation, ability to give and receive clear and understandable instructions
PO-8
Awareness of importance of lifelong learning; ability to access data, to follow up the recent innovation in science and technology for continuous self-improvement.
PO-9
Conformity to ethical principles; knowledge about occupational and ethical responsibility, and standards used in engineering applications.
PO-10
Knowledge about work life implementations such as project management, risk management and change management; awareness about entrepreneurship and innovativeness; knowledge about sustainable development.
PO-11
Knowledge about effects of engineering applications on health, environment and security in global and social dimensions, and on the problems of the modern age in engineering; awareness about legal outcomes of engineering solutions.
Learning Outcomes
LO-1
Why having a reasonable accounting knowledge is important in business and what are the differences between the accounting systems
LO-2
Understand and ability to read the financial statements including balance sheet and income statement
LO-3
Undertstand how to make the basic accounting records of the business operations
LO-4
Able to calculate profitability, unit costs and break-even poin
LO-5
Able to understand the nature and type of costs including variable vs. fixed, direct vs indirect, controllable vs. noncontrollable, etc.
LO-6
Distinguish between job-order costing and process costing and in which case they are applicable to which business unit.
