Department of Business Administration

International Accounting(G432)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
G432 International Accounting 8 3 0 0 3 5
Prerequisites G232
Admission Requirements G232
Language of Instruction Turkish
Course Type Elective
Course Level Bachelor Degree
Course Instructor(s) Volkan DEMİR vdemir@gsu.edu.tr (Email)
Assistant
Objective The objective of this course is to inform students on international financial reporting standards.
Content Financial developments in world
IFRS (International financial reporting standards) and US GAAP (generally accepted accounting practices of United States): Similarities and differences
Financial reporting in European Union
Applications of Turkish Capital Markets Board (SPK) and Banking Regulation and Supervision Agency (BDDK)
Conceptual explanation and purpose of IFRS
Basic concepts of IFRS
Accounting and financial reporting manipulations
Purposes and principles of financial statements
Reporting Revenue-Cost relationship
Tangible assets and impairment
Intangible assets and impairment
Financial instruments and derivatives
Provisions
Business combinations and consolidation (financial reporting in holding companies and groups)
Course Learning Outcomes This course will provide to
1. Recognize different accounting and financial reporting regulations in the world.

2. Determine the reasons for and consequences of accounting manipulation.

3. Have information on framework of International Financial Reporting Standards and reconcile basic principles of the standards with framework.

4. Prepare financial statements in accordance with International Financial Reporting Standards and identify the differences between these financial statements and financial statements prepared under tax legislation.

5. Analyze financial statements which are prepared in accordance with International Financial Reporting Standards.
Teaching and Learning Methods
References Choi, F.D.S.; Meek, G.K. (2008); “International Accounting”, (6th Edition), Pearson International Education;

Alexander, D.; Britton, A.; Jorissen, A. (2007); “International Financial Reporting and Analysis”, (3rd Edition), Thomson Learning.
Print the course contents
Theory Topics
Week Weekly Contents
1 Financial developments in world
2 IFRS (International financial reporting standards) and US GAAP (generally accepted accounting practices of United States): Similarities and differences
3 Financial reporting in European Union
4 Applications of Turkish Capital Markets Board (SPK) and Banking Regulation and Supervision Agency (BDDK)
5 Conceptual explanation and purpose of IFRS
6 Basic concepts of IFRS
7 Accounting and financial reporting manipulations
8 Purposes and principles of financial statements
9 Reporting Revenue-Cost relationship
10 Tangible assets and impairment
11 Intangible assets and impairment
12 Financial instruments and derivatives
13 Provisions
14 Business combinations and consolidation (financial reporting in holding companies and groups)
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 1 40
Contribution of final exam to overall grade 1 60
Toplam 2 100
In-Term Studies
  Number Contribution
Assignments 0 0
Presentation 0 0
Midterm Examinations (including preparation) 0 0
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
Toplam 0 0
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 10 2 20
Presentation 0 0 0
Midterm Examinations (including preparation) 1 9 9
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 14 14
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
Total Workload 121
Total Workload / 25 4,84
Credits ECTS 5
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