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. To be able to interpret and evaluate the discussions on the theoretical aspects of International Banking and Finance.
2. To be able to identify regional and global problems that directly or indirectly affect financial issues, to develop solutions and strategies based on evidence and research.
3. To be able to define, evaluate and interpret the classical and current theories of international banking and finance policies and strategies, differences and relationships between them.
4. To have social, scientific and ethical values in the collection, interpretation, announcement and application of data in the field of international banking and finance and to assimilate these values.
5. To be able to follow, understand, interpret and analyze the changing trends in banking and financial activities in the world at an advanced level, and apply innovation and innovative working principles.
6. To be able to set goals and take initiatives to achieve them, to be creative and open to criticism and to have professional competencies at an advanced level.
7. To have an advanced level of foreign language to follow and use the information in the field and to communicate with colleagues.
8. To have advanced computer software and hardware knowledge required by the field of International Banking and Finance, and to be able to use information and communication technologies at an advanced level.
9. To be able to use theoretical and practical knowledge gained in the field of International Banking and Finance at an advanced level.
10. To be able to benefit from other fields that form the basis of financial policies and to understand the interaction between these disciplines.
11. To be able to examine the basic problems in the field of International Banking and Finance with scientific methods, to interpret and evaluate the data.
12. To be able to take responsibility individually and as a team member to solve complex problems encountered in practice related to International Banking and Finance, and to produce solutions.
13. To be able to critically evaluate the knowledge and skills acquired in the fields of International Banking and Finance, to determine learning needs and to carry the learning process to an advanced level.
14. To inform experts or non-experts on financial issues, to share their ideas and problems and solution methods by supporting them with quantitative and qualitative data.

Po-Lo Matrix