| Week |
Subject |
Related Preparation |
| 1) |
• Explain syllabus |
|
| 2) |
• Make the definition of accounting information. • Identify the primary users of accounting information and their needs in the decision making process. • Define the qualitative characteristics of accounting information. • Discuss relevance with regard to the use of accounting information. • Explain the purpose of each of the financial statements. |
Lecture Notes |
| 3) |
• State the four main financial statements; balance sheet, income statement, owner's equity statement and cash flow statement. • Describe the relationship among statements. • Explain assets and liabilities. • Illustrate how to prepare simple statements. • Discuss how transactions affect the balance sheet and the income statement. • Define source documents and explain the significance to the recording process. |
Lecture Notes |
| 4) |
• Explain the significance of recognition and measurement in the preparation and use of financial statements. • Explain the concept of cash flows and accrual accounting. • State the differences between the cash and accrual bases of accounting. • Describe the revenue recognition principle and explain its application in various situations. • Describe the matching principle. |
Lecture Notes |
| 5) |
• Explain some key ratios in financial accounting. • Describe the objectives of financial reporting. • Explain the concept and purpose of a classified balance sheet. • Illustrate how to prepare a balance sheet. • Explain how to use a classified balance sheet to analyze a company’s financial position. • Define how the concept of materiality relates to the size of a company. |
Lecture Notes |
| 6) |
• Identify and describe the various forms of cash reported on a balance sheet. • Illustrate various techniques that companies use to control cash. • Discuss what a cash equivalent is. • Explain why cash equivalent is included on the balance sheet. |
Lecture Notes |
| 7) |
• Illustrate how to account for accounts receivable, including bad debts. • Explain how information about sales and receivables can be combined to evaluate how efficient a company is in collecting its receivables. • Demonstrate how to account for interest bearing notes receivable. • Explain the theoretical justification for the allowance method of accounting for bad debts. • Discuss the allowance for doubtful accounts. |
Lecture Notes |
| 8) |
Midterm |
Lecture Notes |
| 9) |
• Explain the balance sheet disclosures for operating assets. • Describe how to determine the acquisition cost of an operating asset. • Describe the impact of capitalizing interest as part of the acquisition costs of an asset. • Compare depreciation methods and understand the factors affecting the choice of method. • Discuss the impact of a change in the estimate of the asset life or residual value. • Explain the term acquisition cost of operating assets. |
Lecture Notes |
| 10) |
• Identify the components of the Current Liability category of the balance sheet. • Describe how accruals affect the Current Liability category. • Explain how changes in current liabilities affect the statement of cash flows. • Define current liabilities and discuss why it is important to distinguish current from long term liabilities. • Illustrate the difference between simple interest and compound interest. |
Lecture Notes |
| 11) |
• Identify the components of the long-term liability category of the balance sheet. • Define the important characteristics of bonds payable. • State the reasoning behind bond issuance. • Explain the effect on the balance sheet of the issuance of bonds. • Explain the tax advantage that companies experience when bonds are issued instead of stock. • Different ways of financing and debt policy. • Define the term off balance sheet financing. • Discuss deferred tax. |
Lecture Notes |
| 12) |
• Illustrate the characteristics of common stock. • Describe how to determine the financial statement impact when stock is issued for cash or for another consideration. • List the stockholders equity accounts listed on the balance sheet. • Illustrate the statement of owner's equity and its relationship with other financial statements. • Describe retained earnings. |
Lecture Notes |
| 13) |
• Explain the various limitations and considerations in financial statement analysis. • Illustrate how to analyze comparative financial statements of a company over a specific period of time. • Make time series analysis for financial statements. • Describe how to use cash flow information to help analyze a company. |
Lecture Notes |
| 14) |
• Describe how to compute and use various ratios to assess solvency. • Illustrate how to compute and use various ratios to assess profitability. • Define liquidity as the nearness of cash of the assets and liabilities. |
Lecture Notes |
| 15) |
Final |
Lecture Notes |
| |
Program Outcomes |
Level of Contribution |
| 1) |
Being knowledgeable in the field of foreign trade and knowing
the various documents used |
|
| 2) |
Having basic knowledge about export and customs legislation |
|
| 3) |
Having the knowledge of associating foreign trade with
logistics management |
|
| 4) |
To have knowledge about international trade organizations
and European Union |
|
| 5) |
To have knowledge of foreign trade financing |
|
| 6) |
To have the practice of researching and reporting information
with graduation Project |
|
| 7) |
Being conscious about Atatürk Principles and having
knowledge about History of Turkish Revolution |
|
| 8) |
To have basic knowledge in business administration and
vision of international business |
|
| 9) |
To have knowledge about basic methods used in financial
accounting |
4 |
| 10) |
Having effective communication skills in oral and written |
|
| 11) |
Use at least one foreign language as scientific language |
|
ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
