Master of Science in Accounting and Auditing
Master	TR-NQF-HE: Level 7	QF-EHEA: Second Cycle	EQF-LLL: Level 7

General course introduction information

Course Code:

MMBA553

Course Name:

International Financial Reporting Standards

Course Semester:

Spring

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	7.5

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Compulsory

Course Level:

Master

TR-NQF-HE:7. Master`s Degree

QF-EHEA:Second Cycle

EQF-LLL:7. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Assoc. Prof. HÜSEYİN MERT

Course Lecturer(s):

Öğr.Gör. SİNAN TOPÇU

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;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) To be able to analyze and interpret financial statements in accordance with International Financial Reporting Standards.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
1) Learning the basic concepts of International Financial Reporting Standards
Field Specific Competence
1) Uluslararası Finansal Raporlama Standartlarına uygun finansal tabloların hazırlanabilmesi
Competence to Work Independently and Take Responsibility

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 Notes
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
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) Graduates of this program may continue their academic careers and gain the qualification of Accounting Auditing Specialist and become the manager in finance, accounting, auditing and reporting departments of the leading companies in the business world.
6) To be able to evaluate accounting and auditing principles and applications with the help of analytical tools.
7) To be able to use the computer and the required package program.
8) To gain an interdisciplinary perspective.
9) To be conscious about business ethics and social responsibility.
10) To understand the basic principles of accounting and auditing and to apply the necessary principles to business life.

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
2)	Preparation and interpretation of financial statements in accordance with the standards
3)	Management of financial data	4
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)	Graduates of this program may continue their academic careers and gain the qualification of Accounting Auditing Specialist and become the manager in finance, accounting, auditing and reporting departments of the leading companies in the business world.
6)	To be able to evaluate accounting and auditing principles and applications with the help of analytical tools.
7)	To be able to use the computer and the required package program.
8)	To gain an interdisciplinary perspective.
9)	To be conscious about business ethics and social responsibility.	4
10)	To understand the basic principles of accounting and auditing and to apply the necessary principles to business life.

Learning Activity and Teaching Methods

Field Study
Expression
Individual study and homework
Lesson
Reading
Thesis Preparation

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Homework
Application
Observation
Individual Project
Presentation
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