BA 351 | Course Introduction and Application Information - Department of Business Administration

Course Name

Financial Reporting: IFRS Approach

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
BA 351	Fall/Spring	3	0	3	6

Prerequisites

	BA 221 To succeed (To get a grade of at least DD)
or	BA 251 To succeed (To get a grade of at least DD)

Course Language

English

Course Type

Elective

Course Level

First Cycle

Mode of Delivery

face to face

Teaching Methods and Techniques of the Course

Discussion
Problem Solving
Lecture / Presentation

National Occupation Classification

-

Course Coordinator

Dr.Öğretim Üyesi Mustafa Reha OKUR

Course Lecturer(s)

Dr.Öğretim Üyesi Mustafa Reha OKUR

Assistant(s)

Arş.Gör. BETÜL ÜNAL KAYA

Course Objectives	This course is designed to develop the ability to prepare and interpret balance sheets, income statements, and cash flow statements in accordance with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). Through this comprehensive approach, students will be equipped to analyze financial data, interpret it accurately, and make informed decisions within the context of the global business environment.
Learning Outcomes	The students who succeeded in this course; Discuss conceptual and regulatory frameworks for financial reporting. Apply conceptual and regulatory frameworks for financial reporting. Record transactions in accordance with IFRS and IAS. Apply recognition and measurement principles. Prepare and present financial statements for single entities and business combinations in accordance with IFRS and IAS. Analyze and interpret financial statements.
Course Description	This course covers conceptual and regulatory frameworks based on IFRS/IAS, tangible and intangible assets, financial instruments, lease transactions, provisions, revenue recognition, consolidated financial statements, ratio analysis, and stakeholder perspectives. By integrating theoretical foundations with real-world examples, the course aims to equip students with the knowledge and skills necessary to undertake complex financial reporting responsibilities in a global business environment.
Related Sustainable Development Goals

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

Week	Subjects	Related Preparation
1	Conceptual Framework and Regulatory Environment	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Financial Reporting and Accounting Standards”, chap. 1 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 2-25. International Financial Reporting Standards (IFRS) Conceptual Framework, IFRS 18 Presentation and Disclosure in Financial Statements
2	Recognition and Measurement Principles (Qualitative characteristics - Overview of measurement bases)	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Conceptual Framework for Financial Reporting”, chap. 2 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 26-63. IFRS Conceptual Framework
3	Types of Financial Reporting, Standards, and Criteria	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Income Statement and Related Information”, chap. 4 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 134-179.
4	Tangible Non‐Current Assets (Property, Plant & Equipment acquisition, depreciation, revaluation)	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Acquisition and Disposition of Property, Plant, and Equipment”, chap. 10 and “Depreciation, Impairments, and Depletion” chap. 11 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 442-549. International Accounting Standards (IAS) 16 Property, Plant and Equipment, IAS 23 Borrowing Costs
5	Intangible Assets & Impairment of Assets (Research vs. development, Goodwill, Impairment tests)	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Intangible Assets”, chap. 12 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 550-595. IAS 38 Intangible Assets, IAS 36 Impairment of Assets
6	Financial Instruments (Classification (amortized cost, FVPL, FVOCI), Disclosures)	IFRS 9 Financial Instruments, IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures
7	Leasing (Lessee vs. Lessor accounting, Right‐of‐use assets)	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Non-Current Liabilities”, chap. 14 and “Accounting for Leases” chap. 21 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 652-701 and 1058-1123. International Accounting Standards (IAS) 16 Property, Plant and Equipment, IAS 23 Borrowing Costs
8	Provisions & Events After Reporting Period (Contingent liabilities/asset, Adjusting vs. non‐adjusting events)	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Current Liabilities, Provisions, and Contengencies”, chap. 13 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 596-651. IAS 37 Provisions, Contingent Liabilities and Contingent Assets, IAS 10 Events after the Reporting Period
9	Midterm Exam
10	Reporting Financial Performance & Revenue (Income statement presentation, Revenue recognition 5‐step model)	Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, “Revenue Recognition”, chap. 18 in Intermediate Accounting IFRS, International Adaptation, 2nd Edition (Massachusetts and New Jersey), 882,953. IFRS 18 Presentation and Disclosure in Financial Statements, IAS 8 Basis of Preparation of Financial Statements, IFRS 15 Revenue from Contracts with Customers
11	Foreign Currency Transactions (Functional vs. presentation currency)	IAS 21 The Effects of Changes in Foreign Exchange Rates, IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
12	Not-for-profit Entities	Course notes
13	Group Accounts (Consolidation Basics)	IFRS 10 Consolidated Financial Statements, IFRS 3 Business Combinations
14	Analysis & Interpretation of Financial Statements	IFRS 12 Disclosure of Interests in Other Entities, also relevant IFRS 18 Presentation and Disclosure in Financial Statements
15	Integrated Reporting	Course notes
16	Final Exam

Course Notes/Textbooks

IFRS Standards

Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Intermediate Accounting IFRS, International Adaptation, 2nd Edition, Wiley, Hoboken, NJ, ISBN: 978-1-394-27602-8.

Suggested Readings/Materials

IFRS Conceptual Framework

IFRS 3 Business Combinations

IFRS 7 Financial Instruments: Disclosures

IFRS 9 Financial Instruments

IFRS 10 Consolidated Financial Statements

IFRS 12 Disclosure of Interests in Other Entities

IFRS 15 Revenue from Contracts with Customers

IFRS 16 Leases

IFRS 18 Presentation and Disclosure in Financial Statements

IAS 8 Basis of Preparation of Financial Statements

IAS 10 Events after the Reporting Period

IAS 16 Property, Plant and Equipment

IAS 20 Accounting for Government Grants and Disclosure of Government Assistance

IAS 21 The Effects of Changes in Foreign Exchange Rates

IAS 23 Borrowing Costs

IAS 32 Financial Instruments: Presentation

IAS 36 Impairment of Assets

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

IAS 38 Intangible Assets

Semester Activities	Number	Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	1	10
Presentation / Jury
Project	1	20
Seminar / Workshop
Oral Exams
Midterm	1	30
Final Exam		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

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	3	42
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments	2	7	14
Presentation / Jury			0
Project	1	18	18
Seminar / Workshop			0
Oral Exam			0
Midterms	1	20	20
Final Exam		26	0
		Total	142

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	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.	-	-	-	-	-
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.	-	-	X	-	-
8	To be able to act in accordance with the scientific and ethical values in studies related to business administration.	-	-	X	-	-
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.	-	-	-	-	-
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 language 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.	-	-	-	-	-