| Week |
Subject |
Related Preparation |
| 1) |
• Describe the course.
• Explain what accounting is.
• List and explain different forms of business organizations.
• Describe the various types of business activities.
• Define accounting and identify the primary users of accounting information and their needs.
• Compare and contrast financial accounting and managerial accounting.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education
|
| 2) |
• Mali raporlamanın amaçlarını tanımlayın.
• Muhasebe bilgilerinin niteliksel özelliklerini açıklar.
• Sınıflandırılmış bir bilançonun kavramını ve amacını açıklayın.
• Bilançonun nasıl hazırlanacağını gösterin.
• Bir şirketin mali durumunu analiz etmek için sınıflandırılmış bir bilançonun nasıl kullanılacağını açıklayın. |
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education
|
| 3) |
• Discuss relevance with regard to the use of accounting information,
• Explain the purpose of each of the financial statements.
• Illustrate how to prepare simple statements.
• Describe the relationship among statements.
• Explain assets and liabilities. |
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 4) |
• Explain the difference between external and internal events.
• Explain the role of source documents in an accounting system.
• Analyze the effects of transactions on the accounting equation.
• Discuss how transactions affect the balance sheet and the income statement.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 5) |
• Describe the events that affect an entity.
• Define source documents and explain the significance to the recording process.
• Define the four different types of cash.
• Compare an account receivable and a note receivable.
• Define and explain the double entry system of accounting.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 6) |
• Identify the forms of inventory held by different types of businesses and the types of costs incurred.
• Illustrate how wholesalers and retailers account for sales of merchandise.
• Demonstrate how wholesalers and retailers account for cost of goods sold.
• List and explain the distinct types of costs that manufacturers incur.
• Explain why companies use contra accounts to account for returned merchandise.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 7) |
• Explain discount credit terms and discuss the benefits to the customer.
• Discuss how point of sale terminals improved the ability of mass merchandisers to use a perpetual inventory system.
• Explain why transportation in and transportation out is recorded differently.
• Discuss how a company’s gross profit is determined.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 8) |
MIDTERM EXAM I |
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education
|
| 9) |
• 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.
• Explain the advantage of using an aging schedule when estimating bad debts.
• Discuss how to treat any fees or commissions paid to purchase stock in another company.
• Explain the purpose of the subsidiary ledger.
• Discuss the valuation of accounts receivable.
• Describe how to write off uncollectible accounts with the allowance method.
• Explain various techniques that companies use to accelerate the inflow of cash from sales.
• Illustrate the accounting for and disclosure of various types of investments that companies make.
• Explain the effects of transactions involving liquid assets on the statement of cash flow.
• Describe the distinction between an account receivable and a note receivable.
• Explain why discounting of a note receivable with recourse result in a contingent liability.
• Discuss the difference between current and noncurrent assets.
• Describe the aging of accounts receivable.
• Illustrate how to analyze the accounts receivable rate of collection.
• List and explain important terms connected with promissory notes.
• Explain valuation and reporting for investments on the financial statements.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education
|
| 10) |
• Explain the balance sheet disclosures for operating assets.
• Describe how to determine the acquisition cost of an operating asset.
• Explain how to calculate the acquisition cost of assets purchased for a lump sum.
• 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.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education
|
| 11) |
• Explain the term acquisition cost of operating assets.
• Discuss why it is important to account separately for the cost of land and building even when the two assets are purchased together
• Describe under which circumstances interest should be capitalized as part of the cost of an asset.
• Discuss why companies use the straight-line depreciation method.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 12) |
• 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. |
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 13) |
• Explain contingent liabilities.
• Illustrate the difference between simple interest and compound interest.
• Explain when to determine whether to calculate present value and future value of an amount.
• Explain the meaning of annuity.
• Illustrate how to determine the interest rate of a loan.
|
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 14) |
REVIEW OF THE SEMESTER
Completion of exercises and problems. |
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |
| 15) |
Final Exam |
Williams, J.R., Haka, S.F., Better, M.S., Carcello, J.V. (2021)
Financial & Managerial Accounting. The basis for business decisions,
19th Edition, McGraw-Hill Education |