Financial Reporting(Mİ515)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Mİ515 | Financial Reporting | 1 | 3 | 0 | 0 | 3 | 6 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | Turkish |
| Course Type | Compulsory |
| Course Level | Masters Degree |
| Course Instructor(s) | Banu DİNCER bdincer@gsu.edu.tr (Email) |
| Assistant | |
| Objective | This course aims to teach the presentation of financial reporting in the framework of IFRS and to analyze financial statements using financial analysis techniques. Thus, in the context of financial valuation, the student learns to record the financial transactions and to prepare the balance sheet, the income statement, the statement of cash flows and the statement of shareholders' equity. Familiar with book value and fair value, this course underlines the importance of financial statements' interpretation in conjunction with financial analysis. |
| Content |
Week 1. Introduction Week 2. Transactions Analysis Week 3. Accrual Accounting Week 4. Internal Control Week 5. Short Term Investment and Receivables Week 6. Inventory and Cost of Goods Sold Week 7. Property, Plant and Equipment Week 8. Liabilities Week 9. Shareholders’ Equity and Long Term Investments Week 10. Income Statement and Statement of Changes in Equity Week 11. Cash Flow Statement Week 12. Financial Statement Analysis Week 13. Case study Week 14. Exercises |
| Course Learning Outcomes |
At the end of the course, the student will be able to, 1. Develop an understanding of the framework of accounting and the concepts, principles, and procedures that govern how the financial statements are prepared. 2. Prepare financial statements 3. Understand how financial information, primarily that provided by the financial statements, can be used to analyze business operations and make economic decisions Handle and use financial valuation of companies. 4. Analyze financial statements and interpret them. 5. Understand and value ethical issues in accounting. |
| Teaching and Learning Methods | |
| References |
Harrison Jr., Walter T., Charles T.Hongren; C.William Thomas et.al, Financial Accounting, International Financial Reporting Standards, Global Edition, Eleventh Edition, Pearson 2018. https://www.pearsonmylabandmastering.com/global/) |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Conceptual Framework and Financial Statements |
| 2 | Transactions Analysis |
| 3 | Accrual Accounting |
| 4 | Internal Control |
| 5 | Short Term Investment and Receivables |
| 6 | Inventory and Cost of Goods Sold |
| 7 | Property, Plant and Equipment |
| 8 | Liabilities |
| 9 | Shareholders’ Equity and Long Term Investments |
| 10 | Income Statement and Statement of Changes in Equit |
| 11 | Cash Flow Statement |
| 12 | Financial Statement Analysis |
| 13 | Case study |
| 14 | Exercises |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 60 |
| Contribution of final exam to overall grade | 1 | 40 |
| Toplam | 2 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 5 | 5 |
| Presentation | 1 | 10 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 1 | 15 |
| 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 |
| Toplam | 8 | 60 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | The student will be able to use the knowledge and skills needed for upper echelons of management. | X | ||||
| 2 | The student will be able to identify the behaviors to minimize the risks by taking into account internal and external conditions that effect the organization. | X | ||||
| 3 | The student should have the general knowledge about labor law, sociology, psychology, organizational sociology, logistics and quantitative methods that can be needed out of basic management functions. | X | ||||
| 4 | The student should have a command of information and communication technologies that are needed for professional business life. | X | ||||
| 5 | The student should keep the competitive power of business at higher levels in the increasing globalization and competition conditions with following visionary applications. | X | ||||
| 6 | The student will be able to identify the changes that are in the internal and external environment of business and the problems which are caused by these changes in time. Also, the student should improve solutions for these problems and apply them. | X | ||||
| 7 | The student will be able to generate the solutions for managerial problems with the help of management games and simulation techniques. | X | ||||
| 8 | The student should make presentations and discuss managerial problems at least two foreign languages. | X | ||||
| 9 | The student will be able to tend towards practices of case study and sample event assessment and contribute the projects in which he/she serves. | X | ||||
| 10 | The student should get the responsibility in teamwork and contribute to team work. | X | ||||
| 11 | The student should get the habit of updating his technical skills to adjust the changing and improving scientific and technologic environment. | X | ||||
| 12 | The student should make a principle of behaving ethical in business life and guarding the interests of his colleagues and business stakeholders. | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 3 | 42 |
| Assignments | 4 | 10 | 40 |
| Presentation | 1 | 1 | 1 |
| Midterm Examinations (including preparation) | 1 | 14 | 14 |
| Final Examinations (including preparation) | 1 | 14 | 14 |
| Quiz | 1 | 6 | 6 |
| Other | 1 | 0 | 0 |
| Total Workload | 159 | ||
| Total Workload / 25 | 6.36 | ||
| Credits ECTS | 6 | ||