KOC UNIVERSITY
COLLEGE OF ADMINISTRATIVE
SCIENCES & ECONOMICS
Financial Accounting - ACCT 201
Spring 2011
Module Handbook
Asst. Prof. Özlem OLGU AKDENİZ
Office:
Office Phone:
Office Hours:
E- mail:
CAS Building, Room # 202
0212- 338- 14 57
Tue Thur 11:00 - 12:00, or by appointment
oolgu@ku.edu.tr
Required materials :
Libby, P., Libby, R., Phillips, F. and Whitecotton, S. (2009), Principals of Accounting,
McGraw-Hill.
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.
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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
Merchandising Operations
Inventories
Internal Control and Cash
Receivables
Long-Lived Tangible and Intangible Assets
Current Liabilities and Payroll
Lecture Slides:
Lecture slides for each chapter will be available via the F drive prior to each lecture.
Students are expected to download and revise lecture materials before coming to class.
Grading :
1) Two mid-term examinations: First midterm %20 and second midterm %25
First mid-term exam: will be announced
Second mid-term exam: will be announced
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 have a scheduled makeup exam.
 Make-up exam may not have any bonus questions whereas the exams may have.
 If you miss an exam without an approved excuse this will result in your getting
zero from that exam.
2) Final Examination: 45% (The minimum requirement for the final exam is 50 pts.
Full pts is 100)
3) Quizzes and class participations: 10% (There will be a quiz following the
completion of each chapter which will be announced in class. I advise you NOT TO
miss any quiz as there will be NO make up for quizzes)
All students are required to attend classes. The students who fail to attend 1/3 of classes
may get an automatic F.
Good luck….
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