BUS447 INTERMEDIATE ACCOUNTING
| Course Code: | 3530447 |
| 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
Upon successful completion of this course student will be able to:
- Perform valuation for the different type of intangible assets. Ex. goodwill, copyright, etc.
- Distinguish between financial and operating leases and provide the necessary computation.
- Identify the completion percentage associated with long term contracts in order to correctly calculate the resulting revenue.
- Recognize the necessary accounting measures required under bond issuance and bond amortization.
- Compare and contrast between short and long term investment, along with performing the necessary journal entries.
Course Content
This course covers international accounting standards within the scope of intermediate accounting topics. Topics covered include financing and operating activities of companies, application of generally accepted accounting principles to those activities, and evaluation of financial statements.
Course Learning Outcomes
- Demonstrate a full understanding of the various concepts and terms. (Ex. long-term liabilities, dilutive securities, earnings per share, investments, revenue recognition).
- Compute completion rate to satisfy the revenue recognition principle. Calculate the Earnings per share and the goodwill resulted from the difference in the value of investments.
- Distinguish between accounting treatment for bond as an investment and as a long term liability. Compare and contrast between short and long term investment, as well as financial and operating leases.
- Record the necessary journal entries to account for bond as an investment and prepare the amortization schedule of bonds as a long term liabilities.
- Discriminate between the two cases of classifying the bonds in the financial statements to avoid errors and fraudulent acts of reporting.
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