| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Identify policy setting bodies and describe their role in the standard setting process.
- Describe the qualitative characteristics of accounting information.
- Define the elements of IFRS based financial reports (comprehensive income statement, statement of changes in equity, statement of financial position and statement of cash flows).
- Identify the measurement and reporting issues involving current assets and non current assets.
- Define, value and disclose cash and receivables, inventories, property, plant and equipment, intangibles according to related IFRS / IAS.
- Integrate the basic skills and knowledge needed for a career in accounting and be able to approach the various accounting issues with professional qualities.
- Relate the theoretical basis of accounting with the accounting practices in order to improve and enrich their accounting knowledge.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | Yes(BUS222) |
|---|
| Recommended Optional Programme Components | No |
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| Course Description | This course is an in-depth study of accounting concepts and principles. The content of the course will constitute the concept of International Accounting and the Conceptual Framework for International Financial Reporting as well as the related financial reporting standards.
Students who miss more than 30% of total class hours receive an F2 grade. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Financial Accounting and Accounting Standards |
|
2nd Week |
Conceptual Framework for Financial Reporting |
|
3rd Week |
The Accounting Information System |
|
4th Week |
Cash and Receivables |
|
5th Week |
Valuation of Inventories: A Cost Basis Approach |
|
6th Week |
Inventories: Additional Valuation Issues |
|
7th Week |
Midterm |
|
8th Week |
Acquisition and Disposal of Property, Plant & Equipment |
|
9th Week |
Depreciation, Impairments, Depletion |
|
10th Week |
Intangible Assets |
|
11th Week |
Current Liabilities, Provisions, and Contingencies |
|
12th Week |
Income Statement and Related Information |
|
13th Week |
Statement of Financial Position and Cash Flows |
|
14th Week |
Investments |
|
| Recommended or Required Reading | Intermediate Accounting IFRS Edition, Kieso, D. Weygandt, J.Warfield, T. 3rd or 4th Edition, John Wiley and Sons Inc. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
- Problem Solving
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Practice |
1 |
10 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
2 |
28 |
| Preparation for Final exam |
1 |
30 |
30 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
30 |
30 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
1 |
20 |
20 |
| Total Work Load | 154 |
| Total Work Load / 30 (h) | 5.13 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
