INTERNATIONAL FINANCIAL REPORTING STANDARDS

Course Description

This course will provide basic knowledge regarding the international financial reporting standards. Each standard and the concepts within the standards will be analyzed in a detailed way. Students will have the ability to analyze the uniformity of reporting from the international perspectives. Which is describing the organisational structure of the key in setting IFRSs, describe the purpose of a conceptual framework-who uses it and why, explain the qualitative chararcteristics that make information in finacial statement useful, discuss the going concern assumption underlying the prepration of financial statements, define the basic elements in financial statement-assets, liabilities, equity, income, and expenses, distinguish between alternative bases for measuring the element of financial statements, and outline concepts of capital.

INTERNATIONAL FINANCIAL REPORTING STANDARDS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 identify the IASB and its conceptual framework
2. 02 differentiate between shareholders' equity: share capital and reserves
3. 03 discuss Fair value measurment
4. 04 discuss the type of prvisions and financial instrument recognition criteria

Course Syllabus

Reference Books & Course Materials

1. 01 picker, leo, loftus, wise, clark, and alfredson. Applying internatinal financail reporting standards, 3rd edition

Learning Outcomes

1. L01 Evaluating the methods and thecniques of applying IFRS SOLO 5
2. L02 Preparing financial statements according to IFRS SOLO 5
3. L03 Demonstrate an understanding the basics of IASB SOLO 4
4. L04 Evaluating accounting for current and non-current assets and liabilities SOLO 5
5. L05 Generating accounting for current non-current assets and liabilities SOLO 5

Program Outcomes

1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

Po-Lo Matrix