At the end of this course, the students; 1) Discuss generally accepted accounting principles' concept statements, assumptions, principles, and constraints. 2) Compare and contrast the various methods of accounting for cash and receivables. 3) Identify the measurement and reporting issues involving current assets and non-current assets. 4) Determine the proper allocation of cost to capitalized items and expensed items. 5) Integrate the basic skills and knowledge needed for a career in accounting and be able to approach the various accounting issues with professional qualities. 6) Relate the theoretical basis of accounting with the accounting standards in order to improve and enrich their accounting knowledge.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
Man422 Auditing
COURSE DEFINITION
The content of the course will constitute the concept of International Accounting and the Conceptual Framework for International Financial Reporting as well as the following financial reporting standards: IAS 1 Presentation of Financial Statements, IAS 2 Inventory, IAS 7 Cash Flow Statements, IAS 16 Property Plant and Equipment, IAS 18 Revenue, IAS 38 Intangible Assets, IAS 40 Investment Property, IAS 23 Borrowing Costs, IAS 36 Impairment of Assets, IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations, IAS 28 Investments in Associates and Joint Ventures, IFRS 10 Consolidated Financial Statements, IFRS 9 Financial Instruments, IFRS 11 Joint Arrangements and IFRS 13 Fair Value Measurement.
COURSE CONTENTS
WEEK
TOPICS
1st Week
The Analysis of the Turkish Uniform Accounting System
2nd Week
The Turkish Accounting Standards
3rd Week
The Foreign Exchange Operations
4th Week
The Marketable Exchange Operations
5th Week
The Trade Receivables
6th Week
Accounting for Inventories I
7th Week
Accounting for Inventories II
8th Week
Mid-term examination
9th Week
Accounting for Non-Current Assets I
10th Week
Accounting for Non-Current Assets I
11th Week
The Financing Operations I
12th Week
Contingent Receivables and Liabilities
13th Week
Consolidated Financial Statements and Business Combinations I
14th Week
Consolidated Financial Statements and Business Combinations II
RECOMENDED OR REQUIRED READING
Y. Özerhan Akbulut, S. Yanık, IFRS/IAS ile Uyumlu TMS/ TFRS Açıklamalı ve Örnek Uygulamalı, 1. Baskı, Türmob Yayınları, Yayın no: 377, 2010 N. Akdoğan, O. Sevilengül, Türkiye Muhasebe Standartları ile Uyumlu Tekdüzen Muhasebe Sistemi Uygulaması, 12. Baskı, Gazi Kitabevi, 2007 A. Karapınar, H. Kaval, R. Örten, TMS/TFRS Türkiye Muhasebe, Finansal Raporlama Standartları Uygulama ve Yorumları, 4.Baskı, Gazi Kitabevi, 2010
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Problem Solving
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
40
Quiz
1
10
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
50
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
2
2
Preparation for Quiz
Individual or group work
14
2
28
Preparation for Final exam
1
30
30
Course hours
14
3
42
Preparation for Midterm exam
1
30
30
Laboratory (including preparation)
Final exam
1
2
2
Homework
1
20
20
Total Workload
154
Total Workload / 30
5,13
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)