MUH451
ACCOUNTING STANDARDS
- Course Code
- MUH451
- Semester
- Seventh Term (Fall)
- Theory+Practice
- 3 + 0
- ECTS
- 5
| Course Type | Compulsory Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | 4 |
|---|
| Semester | Seventh Term (Fall) |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Have knowledge about accounting standards.
- Learn how to make accounting records using accounting standards.
- Learn the reflection of accounting standards on financial reporting.
- Learn the differences between accounting standards and tax legislation practices.
- Learn what to pay attention to in the audit of accounting standards applications.
- Learn the principles of valuation (measurement) of business assets and liabilities.
- Have knowledge about international applications.
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| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
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| Recommended Optional Programme Components | None |
|---|
| Course Description | The course analyzes the Turkish Accounting Standards published compatible with the International Accounting Standards. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Overview of accounting standards |
|
2nd Week |
Conceptual framework, standard of presentation of financial statements, IAS 1, BOBI FRS part 1 |
|
3rd Week |
IAS 8, IAS 10, valuation criteria |
|
4th Week |
Preparation of cash flow statement |
|
5th Week |
Inventories standard |
|
6th Week |
Revenue standard, rental standard |
|
7th Week |
Property, plant and equipment, intangible assets, investment property standards |
|
8th Week |
Midterm exams |
|
9th Week |
Consolidated statements standard, accounting for associates standard, joint arrangements |
|
10th Week |
Financial instruments |
|
11th Week |
Income tax standard, company mergers |
|
12th Week |
Borrowing costs, foreign exchange differences, government grants |
|
13th Week |
Other standards |
|
14th Week |
First pass and conversion operations |
|
| Recommended or Required Reading | Turkish Accounting Standards, TASB
Turkish Financial Reporting Standards, TASB
|
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
30 |
| Assignment |
1 |
10 |
| Quiz |
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 |
3 |
3 |
| Preparation for Quiz |
1 |
3 |
3 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
35 |
35 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
3 |
3 |
| Homework |
1 |
5 |
5 |
| Total Work Load | 153 |
| Total Work Load / 30 (h) | 5.1 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
Programme Qualifications / Learning Outcomes
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LO1 |
LO2 |
LO3 |
LO4 |
LO5 |
LO6 |
LO7 |
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| K2 |
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| K3 |
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| K4 |
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| K5 |
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| K6 |
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| K7 |
X |
X |
X |
X |
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X |
