International Accounting(G432)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| G432 | International Accounting | 7 | 3 | 0 | 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 | 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. |
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 | 60 |
| Contribution of final exam to overall grade | 1 | 40 |
| Toplam | 2 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 10 | 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 |
| Toplam | 12 | 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 | 10 | 2 | 20 |
| Midterm Examinations (including preparation) | 1 | 9 | 9 |
| Final Examinations (including preparation) | 1 | 14 | 14 |
| Total Workload | 121 | ||
| Total Workload / 25 | 4.84 | ||
| Credits ECTS | 5 | ||