INTERMEDIATE ACCOUNTING-I

Course Description

Students will develop advanced skills that build upon those acquired in Accounting I and Accounting II. Additional accounting skills such as asset valuation, mergers and acquisitions, revenue recognition will be covered. After analyzing these concepts, the course helps students to make a connection between accounting topics and international financial reporting standards. In success of completion of this course, all students will develop their knowledge and understanding on: the role of accounting as an information system, accounting process, the statement of financial position and financial disclosure, the income statement and statement of cash flow, cash and receivable, and inventory an additional issues.

INTERMEDIATE ACCOUNTING-I

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 1. Assess and understand the Accounting Conceptual Framework and underlying principles of accounting applications and procedures.
2. 02 2. Examine the effects of transactions and events on an entity’s financial condition and demonstrate an understanding of International Financial Reporting Standards (IFRS).
3. 03 3. Employ professional judgment applying IFRS technical concepts to develop financial and related disclosures.

Course Syllabus

Reference Books & Course Materials

1. 01 1. Spiceland, Sepe, Nelson, Tan, Low & Low, Intermediate Accounting, IFRS Edition, McGraw Hill.
2. 02 2. Kieso, Weygandt, Warfield, Intermediate Accounting, Second IFRS Edition, Wiley.

Learning Outcomes

1. L01 1. Assess and understand the Accounting Conceptual Framework and underlying principles of accounting applications and procedures. SOLO 5
2. L02 2. Examine the effects of transactions and events on an entity’s financial condition and demonstrate an understanding of International Financial Reporting Standards (IFRS). SOLO 3
3. L03 3. Employ professional judgment applying IFRS technical concepts to develop financial statements and related disclosures. SOLO 5

Program Outcomes

1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

Po-Lo Matrix