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Course Information

Course Information

Course Title	Code	Semester	L+U Hour	Credits	ECTS
GENERAL ACCOUNTING I	UMV121	1. Semester	3 + 0	3.0	5.0

Prerequisites

None

Language of Instruction	Turkish
Course Level	Associate's Degree
Course Type	Compulsory
Mode of delivery	Theoretical and practical information transfer
Course Coordinator
Instructors
Assistants
Goals	Accounting is a science that produces information which will underpin to operational decisions which will be made by internal and external environment of business. Introduction of basic accounting concepts, Generally Accepted Accounting Principles, Accounting Standards and teaching record process of commercial transactions which is performed by business during the period and relevant methods are basic aims of this course.
Course Content	Definition of accounting, fundamental principles of accounting, balance sheets and income statement, recognition of current term transactions and adjusting processes related to inventories and tangible assets
Learning Outcomes	1) Gives information about accounting procedures and principles 2) Become informed about the objectives of accounting 3) Have knowledge about the purpose of using the accountant 4) Explain the process of information generation by the accountant 5) Become informed about the information production process of accounting 6) Makes understanding accounting process, accounting documents, books and records 7) Helps understanding basic accounting equation 8) Become informed about Basic Concepts of Accounting, and Generally Accepted Accounting Principles and Accounting Standards, which are used to transform these concepts to practice 9) . 10) Become informed about the documents, account books and financial statements used in information production 11) Gives information about the importance of balance sheet, income statement and other financial statements and what their mean from perspective of financial information users 12) Gives a perspective the importance of accounting information as a whole 13) Become informed about the accounts used in reporting trade transactions and the operation rules of these accounts 14) Provides information on the accounts used in the reporting of business transactions and the working rules of these accounts 15) It has information about the form and contents of the balance sheet and income table which are accepted as basic financial statements 16) Become informed about the form and content of balance sheet and income statement, which are accepted as basic financial statements 17) Become informed about the account groups in the balance sheet, namely inventories, cash and cash equivalents and marketable securities, and accounts in these groups 18) They have information about the stocks, the precious stones and the securities account groups in the account and the accounts in these groups.