KOÇ UNIVERSITY
College of Administrative Sciences
ACCT 201 – Financial Accounting, Fall 2010
D. Levent Özakhun
Office:
CAS Building, Room #142
Extention: 1304
Office Hours: Monday through Thursday 10.00-11.00 or 13.45-15.00 (by appointment)
e-mail:
lozakhun@ku.edu.tr
Required Materials: Patricia A. Libby, Robert Libby, Fred Phillips, Stacy Whitecotton,
Principles of Accounting, The McGraw-Hill Companies, Inc., International edition, 2009.
Optional Materials
IFRS, International Financial Reporting Standards, 2009
TMSK, Türkiye Muhasebe Standartları (TMS – TFRS) 2009
Course Objectives: The basic objective of this course is to introduce the accounting concepts
and techniques involved in the communication of relevant financial information in the form of
financial statements.
Accounting is an information system, provides economic and financial information to those
inside the organization (managers or internal users) and to those outside the organization
(external users) to help them in their decision making. Internal reporting useful to managers is
called “managerial accounting” and external reporting of information useful to investors,
creditors, governmental agencies and others outside the organization is called “financial
accounting”.
The coverage of this course mainly will be the area of financial accounting topics.
The Course Content: The topics covered in this course may be summarized as follows;
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
The Role of Accounting in Starting a Business
Establishing a Business and the Balance Sheet
Operating a Business and the Income Statement
Completing the Accounting Cycle
Merchandise Operations
Inventories
Internal Control and Cash
Receivables
Long-Lived Tangible and Intangible Assets
Current Liabilities and Payroll
Grading
If you miss an exam due to an emergency or an illness that prevents you from taking
the exam, you should notify the instructor as soon as possible, preferably before the exam.
If your excuse is approved by the University, you may be given a scheduled make-up exam.
-
Make-up exams may not have any bonus questions whereas the exams may have
Make-up exams will cover all chapters completed up to the make-up exam date
whereas the exams covers only chapters indicated by the instructor
If you miss an exam without an approved excuse this will result in you getting zero
from that exam.
There is no make-up for quizzes.
1.
Two mid-term exams will have a total weight of 45% in determination of the final
grade (first mid-term 20% and second mid-term 25%). Dates for mid-term exams are
going to be announced as those are scheduled.
2.
Final examination has a weight of 45% in determination of the final grade. (The
minimum requirement for the final exam is 50 pts. Full pts. is 100). Date, time and
location of final exam to be announced by the registrar’s office.
3.
Participation in in-class problem solving, quality of contribution to class
discussions and regular attendance will have a weight of 10% in determination of
the final grade. Performance in this regard will be evaluated by the lecturer.
Attendance: All students are required to attend classes and problem sessions. The students
who fail to attend 1/3 of classes and problem sessions may get an automatic F. Attendance
track is kept on a day basis but not on a class basis.
IMPORTANT NOTE: The syllabus is a tentative document. It is your responsibility to
keep up with in-class and out-of-class announcements for any changes.
ACADEMIC HONESTY:
Honesty and trust are important to all of us as individuals. Students and faculty adhere to the
following principles of academic honesty at KOC UNIVERSITY.
1. Individual accountability for all individual work, written or oral. Copying from others
or providing answers or information, written or oral, to others is cheating.
2. Providing proper acknowledgment of original author. Copying from another student`s
paper or from another text without written acknowledgment is plagiarism.
3. Study or project group activity is effective and authorized team work. Unauthorized
help from another person or having someone else write one`s paper or assignment is
collusion.
Letter Grades
A
100 – 93
A-
88 - 92
B+
83 - 87
B
78 - 82
B-
73 - 77
C+
68 - 72
C
63 - 67
C-
58 - 62
D+
54 - 57
D
50 - 53
F
0 - 49