IEF 432 - Accounting for Islamic Finance Institutions

Faculty of Business and Management Sciences · Islamic Economics and Finance (English) · Undergraduate

ECTS: 5 T+P+L: 3+0+0 Departmental Elective
Coordinator: Doç. Dr. Abdurrahman ÇETİN

Course Objective

The objective of this course is to enable students to understand the accounting practices and standards of Islamic financial institutions. Students will learn about the accounting for Islamic financial products and services, financial reporting standards, and the auditing processes of Islamic financial institutions.

Course Content

This course covers the accounting practices and standards of Islamic financial institutions.

Explanations

Scoring of the course; There will be 30% midterm exam, 50% final exam, 10% homework and 10% attendance and class participation. Therefore, those who attend the class, participate actively and submit their homework correctly will be able to get 20 points.

Course Learning Outcomes

  1. Understand the information presented in Balance Sheets (Statements of Financial Position), Income Statements (Profit and Loss Statements), Cash Flow Statements, Statements of Changes in Equity and Profit Distribution Statements in Islamic financial i
  2. Know how the information in the basic financial statements of Islamic financial institutions is formed.
  3. Prepare Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) using the available financial data of Islamic financial institutions.
  4. Analyze the account information in the Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) of Islamic financial institutions.
  5. Compare and evaluate the information in the Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) of different Islamic financial institutions.

Core Area Distribution

(34) Business and Administration%100

Teaching Methods

ExpressionQuestion-AnswerDiscussionExercise and PracticeGuided PracticeCase StudySelf study

Assessment & Evaluation

HomeworkPerformance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / ThesisTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)14342
Out of Class Study Period14228
Midterm111
Quiz000
Assignment212
Practice000
Final000