FACULTY OF BUSINESS

Department of Business Administration

ACC 405 | Course Introduction and Application Information

Course Name
Advanced Accounting
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ACC 405
Fall/Spring
3
0
3
6

Prerequisites
  BA 347 To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
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 Related part of course package - IFRS 3
3 Accounting for Business Combinations Related part of course package - IFRS 3
4 Group Accounting - Consolidated Financial Statements Related part of course package - IFRS 10
5 Group Accounting - Consolidated Financial Statements Related part of course package - IFRS 10
6 Group Accounting Joint Arrangements (Accounting for joint ventures and associates) Related part of course package - IFRS 11
7 Disclosure of Interests in Other Entities Related part of course package - IFRS 11
8 Reporting for Operating Segments Related part of course package - IFRS 8
9 Accounting for Not-for-profit and Public Sector Entities Related part of course package
10 Accounting for Foreign Currency Translations Related part of course package - IAS 21
11 Interim Financial Reporting Related part of course package - IAS 34
12 Accounting for Government Grants Related part of course package - IAS 20
13 Accounting for Financial Instruments Related part of course package - IFRS 9 and 7
14 Accounting for Financial Instruments 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
1
10
Presentation / Jury
1
10
Project
Seminar / Workshop
Oral Exams
Midterm
1
40
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
3
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
5
70
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
1
10
10
Presentation / Jury
1
10
10
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
14
14
Final Exam
1
16
16
    Total
168

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

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

To be able to solve problems with an analytical and holistic viewpoint in the field of business administration.

2

To be able to present the findings and solutions to the business problems in written and oral formats.

X
3

To be able to interpret the application of business and economic concepts, and philosophies at the national and international levels.

X
4

To be able to use innovative and creative approach for real-life business situations.

5

To be able to demonstrate leadership skills in different business situations.

6

To be able to interpret the reflections of new technologies and softwares to business dynamics.   

7

To be able to integrate knowledge gained in the five areas of business administration (marketing, production, management, accounting, and finance) through a strategic perspective.

8

To be able to act in accordance with the scientific and ethical values in studies related to business administration.

9

To be able to work efficiently and effectively as a team member.

10

To be able to have an ethical perspective and social responsiveness when making and evaluating 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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