COURSE INFORMATION
Course Title: INTERNATIONAL ACCOUNTING AND IFRS
Code Course Type Regular Semester Lecture Recit. Lab Credits ECTS
BUS 527 C 1 - - - 3 8
Lecturer and Office Hours: Mustafa Üç
Teaching Assistant(s) and Office Hours: -
Language: English
Compulsory/Elective: Elective
Classroom and Meeting Time: N/A
Course Description: This course is designed to build advanced knowledge of accounting in the frames of internationalization and use common global accounting standards set.
Course Objectives: This course is designed to build advanced knowledge of accounting in the frames of internationalization and use common global accounting standards set IFRS. This course gains to students to understand international perspectives on accounting in a globalized world. To explain the demand of harmonization of global financial reporting standards. To discuss some significant IFRSs and compare between US-GAAP.
COURSE OUTLINE
Week Topics
1 Introduction to International Accounting and IFRS
2 Why do accounting systems differs from country to country?
3 Classification of accounting systems (Anglo-Saxon and Continental European Accounting Worlds)
4 Harmanization of Financial Reporting Standards and rise of IFRS
5 Comparison of Conceptual Framework of Standards
6 Presentation Financial Statements IFRS
7 Accounting policies, changes in accounting estimates, and errors IFRS
8 Mid-Term Exam
9 Inventories IFRS
10 Investment Property and Intangible Assets IFRS
11 Fair Value IFRS
12 Consolidations and seperate financial statements IFRS
13 Revenue Recognition IFRS
14 Income Tax IFRS
Prerequisite(s): Students who have taken accounting subjects in bachelor level are eligible to take this course.
Textbook: Evans, T. Accounting Theory : Contemporary Accounting Issues, 2003, Thomson South-Western, USA. Walton, P., A. Haller, and B. Raffournier, 2003, International Accounting, Thomson Scientific, Second Edition, UK. Wiley. (2015). Wiley Interpretation and Application of International Financial Reporting Standards. New Jersey: John & Sons Inc.
Other References: All periodic academic journals in accounting subject listed by Thomson Reuters SSCI .
Laboratory Work: N/A
Computer Usage: N/A
Others: No
COURSE LEARNING OUTCOMES
1 To provide theoretical and institutional aspects of international accounting.
2 To provide the students a sound theoretical background for comprehension of standard setting issue of accounting, and global accounting issues.
3 To analyse and review certain IFRS
4 To present research perspectives in accounting
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
20
Project
1
40
Final Exam
1
40
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 10 10
Assignments
Final examination 1 24 24
Other 1 70 70
Total Work Load:
200
Total Work Load/25(h):
8
ECTS Credit of the Course:
8