BA 573 | Course Introduction and Application Information

Course Name
International Financial Reporting and Analysis
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 573
Fall/Spring
3
0
3
7.5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
Second Cycle
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The objective of this course is to improve the students’ knowledge of the varying accounting and financial reporting practices. Moreover, the objective of this course is to focus on dynamic business environment, business decisions, strategies and performance. To be able to analyze basic financial statements by using different tools and techniques this course will focus on the key aspects of financial reporting.
Course Description The students who succeeded in this course;
  • will be able to apply the accounting analysis in context of financial statement analysis, considering the International Accounting Principles;
  • will be able to explain Conceptual Framework for Financial Reporting;
  • will be able to interpret the financial statements that are prepared in accordance with IFRS;
  • will be able to discuss the financial reporting standards, such as: IAS 1 and IAS 21, IAS 8, IAS 16 and IAS 36, IAS 17 and IFRS 16, IAS 2, IAS 18 and IFRS 15, IAS 37 and IAS 10, IAS 7, IAS 33;
  • will be able to perform financial ratio analysis.
Course Content This course presents the role of Conceptual Framework and key International Financial Reporting Standards in financial analysis and business decisions.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Overview of Financial Statement Analysis K. R. Subramanyam (2014), Financial Statement Analysis, 11th Edition, McGraw-Hill, chapter 1, pp. 2-14.
2 Introduction to Financial Reporting - The regulatory framework; - The IASB conceptual framework Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapters 1 and 2.
3 Presentation of financial statements; Functional and Reporting Currency Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 3; IAS 1 - Presentation of Financial Statements; IAS 21 – The effects of changes in foreign exchange rates.
4 Accounting policies, accounting estimates and errors (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 4; IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors.
5 Property, plant and equipment, and Impairment of assets (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapters 5 and 7; IAS 16 - Property, Plant and Equipment; IAS 36 - Impairment of Assets.
6 Leases (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 9; IAS 17 and IFRS 16 – Leases.
7 Inventories (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 10; IAS 2 – Inventories.
8 Revenue from contracts with customers (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 13; IAS 18 – Revenue vs. IFRS 15 - Revenue from contracts with customers.
9 Provisions and events after the reporting period (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 12; IAS 37 - Contingent Liabilities and Assets; IAS 10 - Events after the reporting period.
10 Statement of Cash Flows (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 16; IAS 7 - Statement of Cash Flows.
11 Earnings per share (Students’ presentation) Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 16; IAS 33 – Earnings per Share.
12 Ratio Analysis Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 22.
13 Ratio Analysis Melville, A. (2017), International Financial Reporting: A Practical Guide, 6th Edition, Pearson, chapter 22.
14 Review of the semester
15 Review of the semester
16 Final Exam

 

Course Notes/Textbooks Financial Statement Analysis, 10th Edition, by K. R. Subramanyam, John Wild.
Suggested Readings/Materials Wiley IFRS 2009: Interpretation and Application of International Accounting and Financial Reporting Standards, by Barry J. Epstein and Eva K. Jermakowicz. International Financial Reporting : A practical guide, by Alan Melville (2.edition), Prentice Hall www.imkb.gov.tr

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
1
50
Project
Seminar / Workshop
Oral Exams
Midterm
Final Exam
1
50
Total

Weighting of Semester Activities on the Final Grade
1
50
Weighting of End-of-Semester Activities on the Final Grade
1
50
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
15
6
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
1
36
Project
Seminar / Workshop
Oral Exam
Midterms
Final Exam
1
32
    Total
206

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to demonstrate general business knowledge and skills.

2

To able to master the state-of-the-art literature in the area of specialization.

3

To be able to evaluate the performance of business organizations through a holistic approach.

4

To be able to effectively communicate scientific ideas and research results to diverse audiences.

5

To be able to deliver creative and innovative solutions to business-related problems.

6

To be able to solve business related problems using analytical and technological tools and techniques.

7

To be able to take a critical perspective in evaluating business knowledge.

8

 

To be able to exhibit an ethical and socially responsible behavior in conducting research and making business decisions.

9

To be able to carry out a well-designed independent and empirical research.

10

To be able to use a foreign language to follow information about the field of finance and participate in discussions in academic environments.        

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest