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 Reporting and Financial Statements Analysis
2 Introduction to Financial Reporting and its regulatory framework; The IASB conceptual framework IASB Conceptual Framework
3 Presentation of Financial Statements; Functional and Reporting Currency IAS 1 - Presentation of Financial Statements; IAS 21 - The effects of changes in foreign exchange rates
4 Accounting Policies, Estimates and Errors IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
5 Property, Plant and Equipment, and Impairment of Assets IAS 16 - Property, Plant and Equipment; IAS 36 - Impairment of Assets
6 Inventories IAS 2 – Inventories
7 Revenue from contracts with customers IAS 18 – Revenue vs. IFRS 15 - Revenue from contracts with customers
8 Midterm I
9 Provisions and events after the reporting period IAS 37 - Contingent Liabilities and Assets; IAS 10 - Events after the reporting period
10 Statement of Cash-Flows IAS 7 - Statement of Cash Flows
11 Financial Reporting of Leases and Lease Transactions IAS17 vs. IFRS 16 - Leases
12 Earnings per share and Ratio Analysis IAS 33 – Earnings per Share
13 Ratio Analysis
14 Midterm II
15 Review of the semester
16 Review of the semester

 

Course Notes/Textbooks

IFRS - International Financial Reporting Standards (ifrs.org and kgk.gov.tr)

Suggested Readings/Materials
Wiley IFRS 2012: interpretation and application of international financial reporting standards / Bruce Mackenzie [at al.], ISBN 978-0-470-92399-3

 

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
2
50
Final Exam
Total

Weighting of Semester Activities on the Final Grade
3
100
Weighting of End-of-Semester Activities on the Final Grade
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
12
4
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
1
50
Project
Seminar / Workshop
Oral Exam
Midterms
2
30
Final Exam
    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.

X
2

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

X
3

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

X
4

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

X
5

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

X
6

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

X
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.        

X

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