FACULTY OF BUSINESS

Accounting and Auditing Program

ACC 305 | Course Introduction and Application Information

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
  BA 341 To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Service Course
Course Level
First Cycle
Mode of Delivery Online
Teaching Methods and Techniques of the Course Discussion
Problem Solving
Q&A
Lecture / 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;
  • Apply accounting methods for business combinations.
  • Apply group accounting methods including consolidation and equity method.
  • Explain recognition, measurement and disclosure requirements for interim reports.
  • Translate financial reports into another currency.
  • Determine operating segments according to IFRS 8.
  • Understand the fundamentals of accounting for not-for-profit organizations.
  • Account for various financial instruments according to related IFRS.
  • Apply accounting for various types of governmental grants.
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.

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
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

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
1
30
Seminar / Workshop
Oral Exams
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

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
0
Study Hours Out of Class
14
4
56
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
0
Presentation / Jury
0
Project
1
10
10
Seminar / Workshop
0
Oral Exam
0
Midterms
1
22
22
Final Exam
1
32
32
    Total
168

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
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

 


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