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 organizational structure of the key in setting IFRSs, describe the purpose of a conceptual framework-who uses it and why, explain the qualitative characteristics that make information in financial statement useful, discuss the going concern assumption underlying the preparation 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 1.Prepare income statement according to IFRS.
2. 02 2.Prepare balance sheet according to IFRS.
3. 03 3.Analyze the effects of transactions and events on an entity’s financial condition and demonstrate an understanding of IFRS.
4. 04 4.Employ professional judgment applying IFRS technical concepts to prepare and present financial statements and related disclosures.

Course Syllabus

Reference Books & Course Materials

1. 01 1. International Financial Reporting Standards, Authors:R.Picker, K.Leo, J.Loftus,V.Wise, K.Clark,K.Alfredson, 3rd Edition, WILEY.

Learning Outcomes

1. L01 1.Prepare income statement according to IFRS.
2. L02 2.Prepare balance sheet according to IFRS.
3. L03 3.Analyze the effects of transactions and events on an entity’s financial condition and demonstrate an understanding of IFRS.
4. L04 4.Employ professional judgment applying IFRS technical concepts to prepare and present financial statements and related disclosures.

Program Outcomes

1. P01 PO1 Become competent in searching and comprehending the relevant academic articles, interpreting the information learnt or obtained via various channels and absorbing exceptional knowledge in their field.
2. P02 PO2 Devoted themselves to be a qualified researcher and knowledge worker in their field all throughout their life and career.
3. P03 PO3 Demonstrated that they developed their individual capabilities through written projects, assignments and presentations that they will independently implement both in academia and work contexts.
4. P04 PO4 Gained key practical skills and knowledge which need to be implemented in their own research and business work environment.
5. P05 PO5 Been able to implement critical and analytical thinking and analyses into their studies, research and work.
6. P06 PO6 Become proficient in adopting the gained knowledge into practice and research in a critical, and analytical way.
7. P07 PO7 Become experts in using information technology tools for their studies, research and workplace in an ethical and safely environment by sharing and transferring their knowledge.
8. P08 PO8 Succeeded in working, researching and forming partnerships with their colleagues/team members in a global environment.
9. P09 PO9 Proved themselves capable of disseminating and sharing knowledge, sustainingly communicating with others, in any global workplace or research setting.
10. P10 PO10 Become capable of interpreting and transferring their qualified knowledge into practice and research.
11. P11 PO11 Dedicated themselves to applying advanced academic studies and enrolled themselves in work or non-work projects related to environmental approaches and ethical issues.

Po-Lo Matrix