International Financial Reporting (G435) | GSÜ

Content

Objective

Aimed at introducing students to international financial reporting topics, this course enables them to integrate theoretical accounting standards with practical financial analysis. It incorporates applied assignments that prepare students for the professional world while clearly outlining academic requirements. To this end, the course will feature both theoretical and practical instruction designed to provide students with in-depth knowledge of International Financial Reporting Standards (IFRS) and Turkish Accounting/Financial Reporting Standards (TMS/TFRS).

Course Content

Global Financial Developments
International Financial Reporting Standards and the Conceptual Framework;
Presentation of Financial Statements (IFRS 18) – Statements of Cash Flows (IAS 7)
Property, Plant and Equipment (IAS 16) and Impairment of Assets (IAS 36)
Developments in Corporate Reporting Practices
Foreign Currency Transactions: Effects of Changes in Exchange Rates (IAS 21) and Income Taxes (IAS 12)
Revenue from Contracts with Customers (IFRS 15)
Leases (IFRS 16)
Business Combinations and Consolidation Transactions (Financial Reporting in Groups and Holding Companies)

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, exercises

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.

Weekly Contents

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

Assessment System

Contribution to Overall Grade
Activities	Number	Contribution
Contribution of in-term studies to overall grade	6	60
Contribution of final exam to overall grade	1	40
Total	7	100

In-Term Studies
Activities	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
Total	6	60

Relation of Proficiency

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	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

ECTS

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
Yıl Sonu	0	0	0
Hazırlık Yıl Sonu	0	0	0
Hazırlık Bütünleme	0	0	0
Total Workload			125
Total Workload / 25			5.00
Credits ECTS			5