Course Name | Advanced Accounting |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
---|---|---|---|---|---|
ACC 305 | Fall/Spring | 3 | 0 | 3 | 6 |
Prerequisites |
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Course Language | English | ||||||||
Course Type | Service Course | ||||||||
Course Level | First Cycle | ||||||||
Mode of Delivery | Online | ||||||||
Teaching Methods and Techniques of the Course | DiscussionProblem SolvingQ&ALecture / Presentation | ||||||||
Course Coordinator | |||||||||
Course Lecturer(s) | |||||||||
Assistant(s) |
Course Objectives | The main objective of this course is to provide students a comprehensive knowledge about specific accounting/financial reporting issues of corporations entering into merger and acquisiton transactions, operating in a group of companies, having multinational and/or multisectoral operations. The course also explores some other advanced accounting topics such as accounting for not-for-profit organizations including public sector reporting and accounting for government grants. |
Learning Outcomes | The students who succeeded in this course;
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Course Description | This course covers topics those have not been discussed in introductory and intermediate courses of the program. The topics covered are accounting for business combinations, consolidated financial statements, accounting for joint ventures and associates, disclosure of interests in other entities, segmental reporting, accounting for not-for-profit and public sector entities, accounting for foreign currency transactions, interim financial reporting, accounting for government grants and accounting for financial instruments. |
Related Sustainable Development Goals | |
| Core Courses | |
Major Area Courses | X | |
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Required Materials |
1 | Introduction to Course | |
2 | Accounting for Business Combinations | Chapter 1 - IFRS 3 |
3 | Accounting for Business Combinations | Chapter 1 - IFRS 3 |
4 | Group Accounting - Consolidated Financial Statements | Chapter 2 - IFRS 10 |
5 | Group Accounting - Consolidated Financial Statements | Chapter 2 - IFRS 10 |
6 | Group Accounting Joint Arrangements (Accounting for joint ventures and associates) | Chapter 3 - IFRS 11 |
7 | Disclosure of Interests in Other Entities | Chapter 4 - IFRS 12 |
8 | Midterm Exam | |
9 | Reporting for Operating Segments | Chapter 5 - IFRS 8 |
10 | Accounting for Not-for-profit and Public Sector Entities | Chapter 6 |
11 | Accounting for Foreign Currency Translations | Chapter 7 - IAS 21 |
12 | Interim Financial Reporting - Group Presentation | Related part of course package - IAS 34 |
13 | Accounting for Government Grants - Group Presentation | Related part of course package - IAS 20 |
14 | Accounting for Financial Instruments - Group Presentation | Related part of course package - IFRS 9 and 7 |
15 | Review of the semester | |
16 | Final Exam |
Course Notes/Textbooks | Advanced Financial Accounting 12th Edition by Theodore Christensen and David Cottrell and Cassy Budd ISBN10: 1259916979, ISBN13: 9781259916977 |
Suggested Readings/Materials | www.iasplus.com |
Semester Activities | Number | Weigthing |
Participation | ||
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments | ||
Presentation / Jury | ||
Project | 1 | 30 |
Seminar / Workshop | ||
Oral Exam | ||
Midterm | 1 | 30 |
Final Exam | 1 | 40 |
Total |
Weighting of Semester Activities on the Final Grade | 2 | 60 |
Weighting of End-of-Semester Activities on the Final Grade | 1 | 40 |
Total |
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
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 | 14 | 4 | 56 |
Field Work | |||
Quizzes / Studio Critiques | |||
Portfolio | |||
Homework / Assignments | |||
Presentation / Jury | |||
Project | 1 | 10 | |
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 22 | |
Final Exams | 1 | 32 | |
Total | 168 |
# | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
1 | To be able to acquire theoretical and practical knowledge and skills in the area. | |||||
2 | To be able to approach problems with an analytical and holistic viewpoint. | |||||
3 | To be able to gain knowledge about both national and international accounting and auditing standards. | X | ||||
4 | To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats. | X | ||||
5 | To be able to critically evaluate the performance of accounting and other related management information systems, and organizations. | |||||
6 | To be able to develop innovative and creative approach to real-life business issues. | |||||
7 | To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective. | |||||
8 | To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing. | |||||
9 | To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member. | |||||
10 | To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions. | X | ||||
11 | To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). | |||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
13 | To be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest