Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
ECTS: 5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Arş. Gör. Alperen AYDIN
Course Objective
It aims to explain effects of international accounting practices and accounting methods on the financial statements preparation process.
Course Content
The course will also introduce international accounting standards and show a summary of how these standards are applied. Differences of international accounting practices with local practices will be emphasized and the subject will be explained with detailed examples on basic balance sheet items.
Course Learning Outcomes
- Students will be able to evaluate the harmonization of accounting standards and the results of global convergence
- Students will be able to compare different accounting practices in the countries and discuss the reasons of differences
- Students will be able to register foreign currency transactions
- Students will be able to manage foreign currency risk and convert financial statements from one currency to another
Core Area Distribution
(34) Business and Administration%100
Teaching Methods
ExpressionQuestion-AnswerDiscussionExercise and PracticeProblem Solving
Assessment & Evaluation
HomeworkOral ExamProject / DesignTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 2 | 2 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 10 | 10 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 30 | 30 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to International Accounting, Conceptual Framework | Örten, Kaval, Karapınar (Chapter 1,2) |
| 2 | Presentation of Financial Statements | Örten, Kaval, Karapınar (Chapter 2) |
| 3 | Presentation of Financial Statements | Örten, Kaval, Karapınar ( Chapter 2) |
| 4 | Accounting Policies, Changes in Accounting Estimates and Errors | Örten, Kaval, Karapınar (Chapter,5) |
| 5 | Inventories | Örten, Kaval, Karapınar (Chapter,3) |
| 6 | Property, Plant and Equipment | Örten, Kaval, Karapınar (Chapter,10) |
| 7 | Intangible Assets | Örten, Kaval, Karapınar (Chapter 26) |
| 8 | Midterm Exam | Midterm Exam |
| 9 | Borrowing Costs | Örten, Kaval, Karapınar (Chapter,16) |
| 10 | Investment Property | Örten, Kaval, Karapınar (Chapter,27) |
| 11 | Impairment of Assets and Non-Current Assets Held for Sale | Örten, Kaval, Karapınar (Chapter,23) |
| 12 | Consolidations, Joint Arrangements, Associates and Separate Financial Statements | Örten, Kaval, Karapınar (Chapter,18) |
| 13 | Business Combinations | Örten, Kaval, Karapınar (Chapter,30) |
| 14 | Current Liabilities, Provisions, Contingencies and Events After the Reporting Period | Örten, Kaval, Karapınar (Chapter,6) |
| 15 | Employee Benefits | Örten, Kaval, Karapınar (Chapter, 13) |
| 16 | Final Exam | Final Exam |