ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
| MSc in Accounting and Auditing | |||||
| Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 | ||
General course introduction information
| Course Code: | E-MUH553 | ||||||||
| Course Name: | International Financial Reporting Standards | ||||||||
| Course Semester: | Spring | ||||||||
| Course Credits: |
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| Language of instruction: | TR | ||||||||
| Course Requisites: | |||||||||
| Does the Course Require Work Experience?: | No | ||||||||
| Type of course: | Compulsory | ||||||||
| Course Level: |
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| Mode of Delivery: | E-Learning | ||||||||
| Course Coordinator : | Assoc. Prof. HÜSEYİN MERT | ||||||||
| Course Lecturer(s): |
Dr. Birgül Erdoğan |
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| Course Assistants: |
Course Objective and Content
| Course Objectives: | The aim of this course is to develop students' knowledge and skills about changing accounting and financial reporting practices. The International Financial Reporting Standards course aims to examine international financial reporting standards and international accounting standards based on the conceptual framework and to analyze the financial statements prepared in accordance with international financial reporting standards. |
| Course Content: | Description of Accounting Standards and Its Importance, Studies on International Harmonization of Accounting Standards, Overview of the Turkish Accounting System, TFRS1 Turkey First-time Adoption of Financial Reporting Standards, IAS 1 Presentation of Financial Statements, IAS 7: Statement of Cash Flows, IAS 8 Accounting Policies, Accounting Estimates Changes and Errors, TAS 10: Events After the Balance Sheet Date, TAS 18: Revenue, TAS 2: Inventories, TAS 16: Property, Plant and Equipment, TAS 23: Borrowing Cost, TAS 36: Impairment of Assets, TAS 37: Provisions, Contingent Liabilities and Contingent Assets, TAS 17: Leasing Transactions, TAS 38: Intangible Assets, TAS 12: Income Taxes, TAS 24: Related Party Disclosures, TFRS 5: Assets Held for Sale, and Discontinued Operations, TFRS 7: Financial Instruments: Disclosures , TFRS 8: Operating Segments, TFRS 9: Financial Instruments |
Learning Outcomes
The students who have succeeded in this course;
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Lesson Plan
| Week | Subject | Related Preparation |
| 1) | Definition and Importance of Financial Reporting Standards, Studies on International Compliance of Financial Reporting Standards, Overview of Turkish Accounting System | Course Notes |
| 2) | IFRS 1: First-time Adoption of Turkey Financial Reporting Standards, IAS 1 Presentation of Financial Statements | Course Notes |
| 3) | TAS 7: Cash Flow Statements | Course Notes |
| 4) | TAS 8: Accounting Policies, Changes and Errors in Accounting Estimates; TAS 10: Events After the Balance Sheet Date | Course Notes |
| 5) | TAS 18: Revenue, TAS 2: Inventories | Course Notes |
| 6) | TAS 16: Property, Plant and Equipment | Course Notaları |
| 7) | TAS 23: Borrowing Cost; TAS 36: Impairment of Assets | Course Notes |
| 8) | Midterm | Course Notes |
| 9) | TAS 37: Provisions, Contingent Liabilities and Contingent Assets | Course Notes |
| 10) | TAS 17: Leasing Transactions | Course Notes |
| 11) | TAS 38: Intangible Assets | Course Notes |
| 12) | TAS 12: Income Taxes | Course Notes |
| 13) | TAS 24: Related Party Disclosures, TFRS 5: Non-current Assets Held for Sale and Discontinued Operations | Course Notes |
| 14) | TFRS 7: Financial Instruments: Disclosures, TFRS 9 Financial Instruments, TFRS 8: Operating Segments | Course Notes |
| 15) | Final Exam | |
| 16) | Final Exam |
Sources
| Course Notes / Textbooks: | Türkiye Muhasebe Standartları Kurulu (TMSK), TFRS 2011 Seti Gürbüz Gökçen, Başak Ataman, Cemal Çakıcı, Türkiye Finansal Raporlama Standartları Uygulamaları. İstanbul: Türkmen Kitabevi, 2011. Ümit Gücenme Gençoğlu, Türkiye Muhasebe Standartları ve Uygulamalar |
| References: | Türkiye Muhasebe Standartları Kurulu (TMSK), TFRS 2011 Seti Gürbüz Gökçen, Başak Ataman, Cemal Çakıcı, Türkiye Finansal Raporlama Standartları Uygulamaları. İstanbul: Türkmen Kitabevi, 2011. Ümit Gücenme Gençoğlu, Türkiye Muhasebe Standartları ve Uygulamalar |
Course-Program Learning Outcome Relationship
| Learning Outcomes | 1 |
2 |
3 |
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|---|---|---|---|---|---|
| Program Outcomes | |||||
| 1) Recognition of national legislation and international financial reporting standards in accounting | |||||
| 2) Preparation and interpretation of financial statements in accordance with the standards | |||||
| 3) Management of financial data | |||||
| 4) The Master's Program in Accounting and Auditing aims to provide the participants with the knowledge and skills needed to adapt to the change process in the field and to have the equipment that is preferred in the audit sector. | |||||
| 5) To understand the basic principles of accounting and auditing and to apply the necessary principles to business life. | |||||
| 6) To be able to evaluate accounting and auditing principles and applications with the help of analytical tools. | |||||
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Recognition of national legislation and international financial reporting standards in accounting | 5 |
| 2) | Preparation and interpretation of financial statements in accordance with the standards | 5 |
| 3) | Management of financial data | 5 |
| 4) | The Master's Program in Accounting and Auditing aims to provide the participants with the knowledge and skills needed to adapt to the change process in the field and to have the equipment that is preferred in the audit sector. | 4 |
| 5) | To understand the basic principles of accounting and auditing and to apply the necessary principles to business life. | 5 |
| 6) | To be able to evaluate accounting and auditing principles and applications with the help of analytical tools. | 5 |
Learning Activity and Teaching Methods
| Field Study | |
| Peer Review | |
| Expression | |
| Lesson | |
| Thesis Preparation |
Assessment & Grading Methods and Criteria
| Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
| Homework | |
| Application | |
| Observation | |
| Tez Sunma |
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final | 1 | % 60 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| total | % 100 | |
Workload and ECTS Credit Grading
| Activities | Number of Activities | Workload |
| Course Hours | 16 | 48 |
| Midterms | 1 | 12 |
| Jury | 16 | 128 |
| Final | 1 | 15 |
| Total Workload | 203 | |