COURSE UNIT TITLE

: FINANCIAL REPORTING STANDARDS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MSF 5120 FINANCIAL REPORTING STANDARDS ELECTIVE 3 0 0 6

Offered By

Accounting and Finance (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR PINAR EVRIM MANDACI

Offered to

Accounting and Finance (English)

Course Objective

This course aims to enhance student s knowledge on the International Financial Reporting Standards (IFRS) by providing the structure of basic and high level standards for financial assets, inventories, tangibles and intangibles, short-term and long-term liabilities, equity, leasing, cash flow, foreign currency translations and consolidation under IFRS.

Learning Outcomes of the Course Unit

1   interpret and evaluate the aim of the conceptual framework.
2   demonstrate their knowledge about the recognition and valuation criteria for financial reporting items.
3   evaluate the importance of applying different accounting policies for financial reporting.
4   demonstrate their knowledge about consolidated entities and their financial reporting differences through parent-subsidiary relationship.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to International Financial Reporting and Framework
2 Plant Assets and Intangibles
3 Asset Impairment
4 Inventories
5 Costs of Borrowing
6 Revenue Recognition
7 Review
8 Revenue Recognition
9 Financial Assets and Measurement
10 Statement of Cash Flows
11 Operating and Financial Leasing
12 Consolidation for Mergers and Acquisitions
13 Consolidation for Mergers and Acquisitions
14 Review

Recomended or Required Reading

1. Alfredson, Leo, Picker,Loftus, Clark, Wise. (2009) Australia: John Wiley and Sons Publishing.
2. Palepu, Healy, Peek. (2010). Business Analysis and Valuation IFRS Edition. 2nd Eds. United Kingdom

Planned Learning Activities and Teaching Methods

Lecture, discussions, case studies, problem solving.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.40 + STT * 0.20 + FIN * 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.40 + STT * 0.20 + RST * 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly describe the structure and purpose of the conceptual framework.
2. The learner will analyze and evaluate the different standards.
3. The learner will apply different accounting policies for all the financial statements.
4. The learner will compare and discuss the differences between single and consolidated entities.

Language of Instruction

English

Course Policies and Rules

1. Plagiarism of any type will result in disciplinary action.
2. Attending at least 70 percent of lectures is mandatory.
3. All assignments should be submitted on time. Otherwise will not be accepted.

Contact Details for the Lecturer(s)

cagnur.kaytmaz@deu.edu.tr

Office Hours

To be announced later.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparation for midterm exam 1 15 15
Preparation for final exam 1 20 20
Preparations before/after weekly lectures 13 3 39
Preparing assignments 10 2 20
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 140

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7
LO.15555455
LO.25555455
LO.35555455
LO.45455455

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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