Year-end Accounting Procedures
Accounting and Tax Applications
Vocational School of Gazanfer Bilge
Short Cycle (Associate's Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Year-end Accounting Procedures | MUP118 | Compulsory | Associate degree | 1 | Spring | 5 |
Name of Lecturer(s)
Prof. Dr. Sami KARACAN
Associate Prof. Dr. Mehmet Emre ERGİN
Associate Prof. Dr. Gönül KONAKAY
Assistant Prof. Dr. Muhammed BAMYACI
Assistant Prof. Dr. Cengiz GÜNEY
Assistant Prof. Dr. Ahmet İÇÖZ
Assistant Prof. Dr. Kamuran SOYLU
Lecturer İsmail KILIÇASLAN
Lecturer Aynur SEBÜK KURT
Lecturer Hüseyin SOYDAŞ
Lecturer Ahmet YANIK
Lecturer Dr. Nurcan GÜNCE
Learning Outcomes of the Course Unit
1) Explain the reason to perform period-end accounting transactions
1) Explain the reason to perform period-end accounting transactions
1) Explain the reason to perform period-end accounting transactions
2) Carry out period-end accounting transactions for the cash cycle
2) Carry out period-end accounting transactions for the cash cycle
2) Carry out period-end accounting transactions for the cash cycle
3) Perform period-end calculations and recordings related to accounts having foreign currencies
3) Perform period-end calculations and recordings related to accounts having foreign currencies
3) Perform period-end calculations and recordings related to accounts having foreign currencies
4) Perform rediscount transactions for the year-end
4) Perform rediscount transactions for the year-end
4) Perform rediscount transactions for the year-end
5) Distinguish year-end provisions for the doubtful receivables, bank loan interests, obsolete stocks, employee indemnities, court case and so on
5) Distinguish year-end provisions for the doubtful receivables, bank loan interests, obsolete stocks, employee indemnities, court case and so on
5) Distinguish year-end provisions for the doubtful receivables, bank loan interests, obsolete stocks, employee indemnities, court case and so on
6) Make year-end reflection accounts
6) Make year-end reflection accounts
6) Make year-end reflection accounts
7) Prepare year-end balance sheet and income statement
7) Prepare year-end balance sheet and income statement
7) Prepare year-end balance sheet and income statement
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Learning Outcomes | |||||||||||
| 1 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 1 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 1 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 2 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 2 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 2 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 3 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | Middle | |
| 3 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | Middle | |
| 3 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | Middle | |
| 4 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 4 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 4 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 5 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 5 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 5 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 6 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 6 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 6 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 7 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 7 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 7 | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
None.
Course Contents
This course provides students with the knowledge of physical cash counts, preparation of cash count minute, recording of shortage or excess of the cash count; calculation of foreign currency gain or loss for the foreign denominated balances, rediscount calculation for the bills; allowance for the doubtful receivables, allowance for the obsolete stocks, accrual of interests for deposit and bank loan, allowances for employee indemnity, legal cases, reflection accounts, calculation of corporate tax, netting-off prepaid tax; preparation of balance sheet and income statement from the definitive trial balance.
Weekly Schedule
1) Information on Concepts Such as Accounting, Inventory, Valuation, and Profit.2) Information About the Uniform Chart of Accounts and Accounting Transactions.
3) Year End Transactions Related to Current Assets. Cash and Banks, Marketable Securities, Trade Receivables.
4) Year End Accounting Transactions Related to Current Assets. Inventory. Prepaid Expenses. Income Accruals. Netting-off VAT accounts.
5) Year End Accounting Transactions Related to Fixed Assets. Tangible Assets. Intangible Assets.
6) Year-end Accounting Transactions For The Liabilities. Bank Loans. Accounts Payable
7) Application
8) Midterm examination/Assessment
9) Year-end Accounting Transactions For The Cost Accounts
10) Preparation of Balance Sheet from the Trial Balance
11) Preparation of Income Statement
12) Sample Application
13) Application
14) Application
15) Application
16) Final examination
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
3) Discussion
4) Group Study
5) Lab / Workshop
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
30% |
|---|---|
Contribution of Final Examination to Course Grade |
70% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required