BUS444 SPECIAL TOPICS IN ACCOUNTING
| Course Code: | 3530444 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | |
| Offered Semester: | Fall and Spring Semesters. |
Course Objectives
Student during this course will be able to:
- Identify the major types of adjusting entries.
- Identify the classification of Property, Plant and Equipment (PP&E) and calculate the allocation of their cost based usage.
- Define, compute and record current liabilities and distinguish between them and contingent liabilities.
- Recognize the partnership and the corporate form of businesses, and being able to identify, compute and record the associated transactions.
- Explain the concept underlying long term liabilities; identify the available types and being able to show the related calculation and prepare the related journal transactions.
Course Content
This course is designed to equip the students with knowledge on contemporary issues in accounting such as funds flow and cash flow analysis, leases, pension plans, tax problems, consolidations, intangibles, approbation of retained earnings, responsibility accounting for home office and branches, accounting problems created by price-level changes.
Course Learning Outcomes
- Recognize terms and definitions related to adjusting entries, liabilities, equities, especially long-term debt, equity issuance, dividends, and share repurchases. Define a partnership and a corporate form of businesses.
- Understand the ethical dimension of conducting partnership type of businesses.
- Solve problems related to the calculation of depreciation expense using straight line, double declining and unit of activity methods for example (depreciation = (cost-salvage value)/useful life). Compute and record the income/losses, salaries and interest under partnership. Journalize entries related to stock issuance and repurchase. Calculating interest payment for bond payable along with mortgage payable.
- Analyze the effects of treasury stocks on number of shares outstanding. Breakdown the component of stock holder equity section of corporation. Compare and contrast the valuation of bonds and equities. Distinguish between cumulative and non-cumulative dividend.
- Create a dividend distribution schedule for sharing income and loss amongst partners.
- Discuss in brief the ethical situations encountered by a partnership upon liquidation and a corporation amongst dividend distribution.
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently. | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values. | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution