IBF231 Financial Accounting
IBF231 Financial Accounting
Syllabus | International University of Sarajevo - Last Update on Jan 01, 2026
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International Business and Finance
Šejma Aydin
Course Lecturer
Course Objectives
This course introduces the fundamental principles and practices of financial accounting and highlights its role as the language of business. Students learn how to record and adjust business transactions, for service and merchandising operations, prepare and interpret financial statements, and understand how accounting information is used in decision-making. The course combines lectures with practical exercises, problem-solving, and case discussions to build a solid foundation for further study in accounting and finance.
Learning Outcomes
After successful completion of the course, the student will be able to:
Course Materials
Required Textbook
Miller-Nobles, T. (2023). Horngren’s accounting: The financial chapters (14th ed.). Pearson.
Additional Literature
Horngren, C. T., Harrison, W. T., Jr., & Oliver, M. S. (2011). Accounting (9th ed.). Prentice Hall.Teaching Methods
Lectures combined with interactive class discussions using real-life examples
Tutorial sessions that encourage engaged learning and continuous feedback
Guided exercises
Problem-solving and case discussions
Team assignments
Student presentations
And a group project that integrates theoretical and practical components.
Weekly Topics
| Week | Topic | Readings / References |
|---|---|---|
| 1 | Introduction to Financial Accounting | |
| 2 | Accounting and Business Environment | Chapter 1 |
| 3 | Recording Business Transactions | Chapter 2 |
| 4 | Adjusting Process | Chapter 3 |
| 5 | Assignment & Quiz 1 | |
| 6 | Completing the Accounting Cycle | Chapter 4 |
| 7 | Merchandising Operations | Chapter 5 |
| 8 | Midterm exam | |
| 9 | Merchandise Inventory | Chapter 6 |
| 10 | Accounting of Receivables | Chapter 8 |
| 11 | Accounting of Plant Assets and Intangibles | Chapter 9 |
| 12 | Assignment & Quiz 2 | |
| 13 | Accounting of Long-Term Liabilities, Bonds Payable, and Classification of Liabilities on the Balance Sheet | Chapter 11 |
| 14 | Project presentations | |
| 15 | Project presentations |
Course Schedule (All Sections)
Office Hours & Room
| Day | Time | Office | Notes |
|---|---|---|---|
| Monday | 14:00 - 17:00 | B F1.30 | |
| Wednesday | 15:00 - 17:00 | B F1.30 |
Assessment Methods and Criteria
Assessment Components
Final Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
Midterm Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
Term Project and Presentation
AI: Not AllowedAlignment with Learning Outcomes : 3 4 5
Quizz
AI: Not AllowedAlignment with Learning Outcomes : 1 3
Assignments
AI: Not AllowedAlignment with Learning Outcomes : 3 4
IUS Grading System
| Grading Scale | IUS Grading System | IUS Coeff. | Letter (B&H) | Numerical (B&H) |
|---|---|---|---|---|
| 0 - 44 | F | 0 | F | 5 |
| 45 - 54 | E | 1 | ||
| 55 - 64 | C | 2 | E | 6 |
| 65 - 69 | C+ | 2.3 | D | 7 |
| 70 -74 | B- | 2.7 | ||
| 75 - 79 | B | 3 | C | 8 |
| 80 - 84 | B+ | 3.3 | ||
| 85 - 94 | A- | 3.7 | B | 9 |
| 95 - 100 | A | 4 | A | 10 |
Late Work Policy
Information about late submission policies will be shared during class and posted in this section. Please check back for official guidelines.
ECTS Credit Calculation
📚 Student Workload
This 6 ECTS credit course corresponds to 150 hours of total student workload, distributed as follows:
Lecture Hours
45 hours ⏳ (15 week × 3 h)
Assignments
12 hours ⏳ (2 week × 6 h)
Quizzes
12 hours ⏳ (2 week × 6 h)
Tutorials
30 hours ⏳ (15 week × 2 h)
Term Project
20 hours ⏳ (2 week × 10 h)
Midterm Exam Study
15 hours ⏳ (1 week × 15 h)
Final Exam Study
16 hours ⏳ (1 week × 16 h)
150 Total Workload Hours
6 ECTS Credits
Course Policies
Academic Integrity
All work submitted must be your own. Plagiarism, cheating, or any form of academic dishonesty will result in disciplinary action according to university policies. When in doubt about citation practices, consult the instructor.
Attendance Policy
Students are expected to adhere to the attendance requirements as outlined in the International University of Sarajevo Study Rules and Regulations. Excessive absences, whether excused or unexcused, may impact academic performance and eligibility for assessment. Mandatory sessions (e.g., labs, workshops) require attendance unless formally exempted. For detailed policies on absences, documentation, and penalties, please refer to the official university regulations.
Technology & AI Policy
Laptops/tablets may be used for note-taking only during lectures. Phones should be silenced and put away during all class sessions. Audio/video recording requires prior permission from the instructor.
Artificial Intelligence (AI) Usage: The use of AI tools (e.g., ChatGPT, Copilot, Gemini) varies by assessment component. Please refer to the AI usage indicator next to each assessment item in the Assessment Methods and Criteria section above. Submitting AI-generated content as your own work, where AI is not explicitly allowed, constitutes an academic integrity violation.
Communication Policy
All course-related communication should occur through official university channels (institutional email or SIS). Emails should include [IBF231] in the subject line.
Academic Quality Assurance Policy
Course Academic Quality Assurance is achieved through Semester Student Survey. At the end of each academic year, the institution of higher education is obliged to evaluate work of the academic staff, or the success of realization of the curricula.
Learning Tips
Be prepared to contribute thoughtfully during class discussions, labs, or collaborative work. Active participation deepens understanding and encourages critical thinking.
Complete assigned readings or prep materials before class. Take notes, highlight key ideas, and jot down questions. Aim to grasp core concepts and their applications—not just facts.
Use course frameworks or methodologies to analyze problems, case studies, or projects. Begin early to allow time for reflection and refinement. Seek feedback to improve your work.
Don’t hesitate to reach out when something is unclear. Use office hours, discussion boards, or peer networks to clarify concepts and stay on track.
Syllabus Last Updated on Jan 01, 2026 | International University of Sarajevo
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Referencing Curricula Print this page
| Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
| T | P | |||||||||
| IBF231 | Financial Accounting | 3 | 2 | 6 | Monday 09:00-11:50 (section 1) Wednesday 12:00-14:50 (section 2) | |||||
| Prerequisite | MATH100 | It is a prerequisite to | IBF321 | |||||||
| Lecturer | Šejma Aydin | Office Hours / Room / Phone | Monday: 14:00-17:00 Wednesday: 15:00-17:00 |
|||||||
| saydin@ius.edu.ba | ||||||||||
| Assistant | Anes Kadić | Assistant E-mail | akadic@ius.edu.ba | |||||||
| Course Objectives | This course introduces the fundamental principles and practices of financial accounting and highlights its role as the language of business. Students learn how to record and adjust business transactions, for service and merchandising operations, prepare and interpret financial statements, and understand how accounting information is used in decision-making. The course combines lectures with practical exercises, problem-solving, and case discussions to build a solid foundation for further study in accounting and finance. | |||||||||
| Textbook | Miller-Nobles, T. (2023). Horngren’s accounting: The financial chapters (14th ed.). Pearson. | |||||||||
| Additional Literature |
|
|||||||||
| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
|
||||||||||
| Teaching Methods | Lectures combined with interactive class discussions using real-life examples, tutorial sessions that encourage engaged learning and continuous feedback, guided exercises, problem-solving and case discussions, team assignments, student presentations, and a group project that integrates theoretical and practical components. | |||||||||
| Teaching Method Delivery | Face-to-face | Teaching Method Delivery Notes | ||||||||
| WEEK | TOPIC | REFERENCE | ||||||||
| Week 1 | Introduction to Financial Accounting | |||||||||
| Week 2 | Accounting and Business Environment | Chapter 1 | ||||||||
| Week 3 | Recording Business Transactions | Chapter 2 | ||||||||
| Week 4 | Adjusting Process | Chapter 3 | ||||||||
| Week 5 | Assignment & Quiz 1 | |||||||||
| Week 6 | Completing the Accounting Cycle | Chapter 4 | ||||||||
| Week 7 | Merchandising Operations | Chapter 5 | ||||||||
| Week 8 | Midterm exam | |||||||||
| Week 9 | Merchandise Inventory | Chapter 6 | ||||||||
| Week 10 | Accounting of Receivables | Chapter 8 | ||||||||
| Week 11 | Accounting of Plant Assets and Intangibles | Chapter 9 | ||||||||
| Week 12 | Assignment & Quiz 2 | |||||||||
| Week 13 | Accounting of Long-Term Liabilities, Bonds Payable, and Classification of Liabilities on the Balance Sheet | Chapter 11 | ||||||||
| Week 14 | Project presentations | |||||||||
| Week 15 | Project presentations | |||||||||
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs | AI Usage |
| Final Exam | 1 | 30 | 1,2,3 | Not Allowed | |
| Semester Evaluation Components | |||||
| Midterm Exam | 1 | 30 | 1,2,3 | Not Allowed | |
| Term Project and Presentation | 2 | 20 | 3,4,5 | Not Allowed | |
| Quizz | 2 | 10 | 1,3 | Not Allowed | |
| Assignments | 2 | 10 | 3,4 | Not Allowed | |
| *** ECTS Credit Calculation *** | |||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 3 | 15 | 45 | Assignments | 6 | 2 | 12 | |||
| Quizzes | 6 | 2 | 12 | Tutorials | 2 | 15 | 30 | |||
| Term Project | 10 | 2 | 20 | Midterm Exam Study | 15 | 1 | 15 | |||
| Final Exam Study | 16 | 1 | 16 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 30/01/2026 | |||||||||