International Financial Reporting(G435)
Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
---|---|---|---|---|---|---|---|
G435 | International Financial Reporting | 7 | 3 | 3 | 0 | 3 | 5 |
Prerequisites | G232 |
Admission Requirements | G232 |
Language of Instruction | Turkish |
Course Type | Elective |
Course Level | Bachelor Degree |
Course Instructor(s) | İdil KAYA ikaya@gsu.edu.tr (Email) |
Assistant | |
Objective | Informing students about international financial reporting issues. |
Content |
Financial Developments in the World and Financial Reporting Financial Reporting Systems and Classifications International Financial Reporting Standards and Conceptual Framework; Deferred Tax Presentation of Financial Statements - Statements of Cash Flows Developments in Corporate Reporting Practices Foreign Currency Transactions: Effects of Currency Change Business Combinations and Consolidation Transactions (Financial Reporting in Groups and Holdings) Goodwill and Impairment Reporting Tangible Assets and Impairment Reporting |
Course Learning Outcomes |
To have knowledge about International Financial Reporting Issues To have knowledge about comparative accounting issues in the world To comprehend the effects of developments in global markets on financial reporting |
Teaching and Learning Methods | Lecture, case analysis, application examples solutions |
References |
Melville, Alan, İnternational Financial Reporting, Pearson, 8th edition, 2019. Choi, F.D.S.; Meek, G.K. (2014); International Accounting, (6th Edition), Pearson International Education; Alexander, D.; Britton, A.; Jorissen, A. (2007); “International Financial Reporting and Analysis”, (3rd Edition), Thomson Learning. Nobes, C.; Parker, R.B. (2020); Comparative International Accounting, 14th edition, e-book, Pearson. |
Theory Topics
Week | Weekly Contents |
---|---|
1 | Financial developments in world and international financial reporting |
2 | IFRS and Conceptual Framework |
3 | Presentation of Financial Statements ((IAS 1) and Statement of Cash Flows (IAS 7) |
4 | Property Plant and Equipment (IAS 16), Non current Assets held for sale and Discontinued Operations (IFRS 5) and Impairment of Assets(IAS 36) |
5 | Effect of Changes in Foreign Currency Rates (IAS 21) and Income Taxes (IAS 12) |
6 | IFRS 15 Revenue |
7 | IFRS 16 Leases |
8 | IFRS 9 Financial Instruments |
9 | IFRS 13 Fair Value, IAS 33 Earnings per Share and IAS 38 Intangible Assets |
10 | Groups accounts |
11 | Subsidiaries |
12 | Associates |
13 | Foreign Subsidiaries |
14 | Integrated Reporting |
Practice Topics
Week | Weekly Contents |
---|
Contribution to Overall Grade
Number | Contribution | |
---|---|---|
Contribution of in-term studies to overall grade | 6 | 60 |
Contribution of final exam to overall grade | 1 | 40 |
Toplam | 7 | 100 |
In-Term Studies
Number | Contribution | |
---|---|---|
Assignments | 4 | 10 |
Presentation | 1 | 20 |
Midterm Examinations (including preparation) | 1 | 30 |
Project | 0 | 0 |
Laboratory | 0 | 0 |
Other Applications | 0 | 0 |
Quiz | 0 | 0 |
Term Paper/ Project | 0 | 0 |
Portfolio Study | 0 | 0 |
Reports | 0 | 0 |
Learning Diary | 0 | 0 |
Thesis/ Project | 0 | 0 |
Seminar | 0 | 0 |
Other | 0 | 0 |
Make-up | 0 | 0 |
Toplam | 6 | 60 |
No | Program Learning Outcomes | Contribution | ||||
---|---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | ||
1 | The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. | X | ||||
2 | The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. | X | ||||
3 | The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. | X | ||||
4 | The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. | X | ||||
5 | The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. | X | ||||
6 | Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. | X | ||||
7 | Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. | X | ||||
8 | Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages. | X | ||||
9 | The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. | X | ||||
10 | Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. | X | ||||
11 | Consciousness of taking into account ethical values, when making decisions and being involved in business life. | X | ||||
12 | Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. | X |
Activities | Number | Period | Total Workload |
---|---|---|---|
Class Hours | 14 | 3 | 42 |
Working Hours out of Class | 12 | 3 | 36 |
Assignments | 4 | 3 | 12 |
Presentation | 1 | 10 | 10 |
Midterm Examinations (including preparation) | 1 | 12 | 12 |
Project | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Other Applications | 0 | 0 | 0 |
Final Examinations (including preparation) | 1 | 13 | 13 |
Quiz | 0 | 0 | 0 |
Term Paper/ Project | 0 | 0 | 0 |
Portfolio Study | 0 | 0 | 0 |
Reports | 0 | 0 | 0 |
Learning Diary | 0 | 0 | 0 |
Thesis/ Project | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Other | 0 | 0 | 0 |
Make-up | 0 | 0 | 0 |
Total Workload | 125 | ||
Total Workload / 25 | 5.00 | ||
Credits ECTS | 5 |