| Course Type | Elective Course |
|---|
| Course Level | Master's Degree Without Thesis |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Understand the importance of accounting and explain the basic concepts of accounting
- Understand the structure and contents insurance chart of accounts
- Make accounting records of Production of non-Life premiums, cancellation, payment of damages andtechnical provisions
- Make accounting records of Production of Life premiums, cancellation, payment of damages andtechnical provisions
- Know general characteristics and basic principles of the financial statements of insurance companies and and to analyze them
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | The emphasis is put on basic differences between insurance accounting compared to accounting of firms and companies. Students will be taught basic terms in valuation, financial placement and technical reserves, focusing on specific problems in commercial insurance companies in compliance with the Turkish legislation and with the alternative approach to insurance and reinsurance companies according to the International Accounting Standards. Specifically, it will increase knowledge of insurance contracts, auditing procedures appropriate to a variety of complex situations, principles of insurance accounting, and the relationship of premium auditing to other insurance operations. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
The frame of uniform chart of accounts, chart of account, explanations on the chart of accounts |
|
2nd Week |
Describe the basic construction of accounts of different types and the role and principal |
|
3rd Week |
Preparation and presentation of financial statements |
|
4th Week |
Basic terms in valuation, financial placement and technical reserves, focusing on specific problems in commercial insurance companies in compliance with the Turkish legislation |
|
5th Week |
Transfers between tecnical and non-technical departments |
|
6th Week |
Examples of the some accounting applications |
|
7th Week |
Explanation of account of technical reserves |
|
8th Week |
Midterm |
|
9th Week |
Explanation of account of technical reserves |
|
10th Week |
Auditing other technical reserves accountancy |
|
11th Week |
Auditing technical profit and loss accountancy |
|
12th Week |
Auditing transfers between tecnical and non-technical departments |
|
13th Week |
To learn differance between public, private and internal auditing. |
|
14th Week |
Preparing comprehensive audit report for a sample insurance company |
|
| Recommended or Required Reading | Beyhan Marşap, Sigorta Muhasebesi Ders Notları 2013
Hazine Müsteşarlığı Sigortacılık Genel Müdürlüğü Web Sitesi
Türkiye Sigorta ve Reasürans Şirketleri Birliği Web Sitesi |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
30 |
| Quiz |
1 |
20 |
| 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 |
10 |
140 |
| Preparation for Final exam |
1 |
45 |
45 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
35 |
35 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
3 |
3 |
| Homework |
1 |
30 |
30 |
| Total Work Load | 301 |
| Total Work Load / 30 (h) | 10.03 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
