ACCOUNTING STANDARDS AND FINANCIAL REPORTING

MUD501

Course Type

Compulsory Course

Course Level

Master's Degree Without Thesis

Year of Study

Semester

First Term (Fall)

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

At the end of the course, students will be able to explain the conceptual frameworks of the Turkish Accounting System and the International accounting system.
At the end of the course, students will be able to explain the innovations brought by the International Financial Reporting Standards in the preparation and presentation of financial reports.
At the end of the course, students will be able to discuss financial statements prepared according to International financial reporting standards.
At the end of the course, students can discuss the standards numbered UMS1, UMS7, UMS2, UMS8, UMS10, UMS16, UMS36, UMS38, UMS 40, UMS23, UMS18, UMS37, UMS17.
At the end of the course, students can discuss about the articles on standards.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

Course Description

Course Contents

WEEK	TOPICS
1^st Week	OVERVIEW OF ACCOUNTING STANDARDS
2^nd Week	CONCEPTUAL FRAMEWORK, PRESENTATION OF FINANCIAL STATEMENTS IAS 1, BOBI FRS SECTION 1
3^rd Week	IAS 8, IAS 10 and CRITERIA OF VALUATION
4^th Week	ESTABLISHING THE CASH FLOW STATEMENT
5^th Week	IAS 2 STOCKS
6^th Week	IFRS 15 REVENUE FROM THE CUSTOMERS AND IFRS 16 LEASING
7^th Week	TANGIBLE ASSETS, INTANGIBLE ASSETS INVESTMENT PROPERTY STANDARDS
8^th Week	MIDTERM EXAM
9^th Week	CONSOLIDATED STATEMENTS STANDARD, ACCOUNTING STANDARD OF AFFILIATES, JOINT VENTURES
10^th Week	INCOME TAX STANDARD, COMPANY MERGERS
11^th Week	BORROWING COSTS, EXCHANGE DIFFERENCES, GOVERNMENT INCENTIVES
12^th Week	OTHER STANDARDS
13^th Week	FIRST APPLICATION OF IFRS AND CONVERSION OPERATIONS