Identification
Prerequisites
Language
Compulsory/Elective
Text books and course
materials
Economics and Management
Department
MBA
Program
FIN 880: Financial Reporting and Analysis
Subject
Fall, 2015
Term
Ramin Guliyev
Instructor
ramin.guliyev@hotmail.com
Email
122 Bashir Safaroglu, Room: 35 Friday, 18:30-21:00
Classroom/hours
ACC 801 Financial Accounting
English
Compulsory
Core textbook:
Financial Accounting and Reporting: 17th Edition 2015 by Elliot & Elliot. Financial Times
Prentice Hall
Additional Reading:
Financial Accounting: 12th Edition 2011Carl by J. E. Duchac, S. Warren and James M.
Reeve
Teaching methods
Evaluation Criteria
Course objectives
Course outline
Learning outcomes
Financial Reporting (International) – Paper F7: ACCA. BPP Learning
Case analysis
X
Multiple Choice Test
Lab
X
Lecture
Course paper
X
Problem solving
Others
Methods
Date/deadlines
Percentage (%)
25
Midterm Exam
Case studies
10
Participation and Activity
16.10.2015, 20.11.2015,
25
Quizzes
11.12.2015
Project
Laboratory Work
40
Final Exam
Activity
100
Total
To enable student to prepare financial reports both for single entities and for groups in
accordance with the international accounting standards and to evaluate financial performance of
those entities.
This syllabus is designed for students who have taken Financial Accounting course. In this level
students will have the opportunity to delve deeper into accounting themes including conceptual
and regulatory framework of financial reporting, preparation of financial statements and ratio
analysis. The course enables students to learn and work independently in financial reporting.
Discuss and apply a conceptual and regulatory framework for financial reporting; Account for
transactions in accordance with International accounting standards (IASs); Prepare and present
financial statements for single entities and business combinations which conform with IASs;
Analyse and interpret financial statements.
Tentative Schedule
Week
Date
1
18.09.2015
2
25.09.2015
3
02.10.2015
4
5
09.10.2015
16.10.2015
6
23.10.2015
7
30.10.2015
8
06.11.2015
9
10
11
13.11.2015
20.11.2015
27.11.2015
Topics
Self-introduction, course syllabus & course expectations, the
context and purpose of financial reporting
Holiday
Receivables: Direct Write off and Allowance methods &
Inventory Valuation
Preparation of Financial Statements for Single Entity
Quiz 1; Cash Flow Statement: Direct and Indirect Methods
Cash Flow Statement (continued), IAS 16: Property, Plant and
Equipment
Midterm Exam; Summary Class
Property, Plant and Equipment: Revaluation and Impairment of
Fixed Assets
IAS 18: Revenue recognition; Stage of Completion
Quiz 2; Construction Contracts
Group Accounts, The Concept of Control and Non-controlling interest
Textbook/Assignments
Chapters 1, 2 and 3 (Book 2)
Chapter 7&9 (Book 2)
Chapter 8 (Book 1)
Chapters 26 (Book 1)
Chapters 15 (Book 1)
Chapters 15 (Book 1)
IAS 18
Chapters 19 (Book 1); IAS 11
Chapter 20 (Book 1)
12
13
14
15
04.12.2015
11.12.2015
18.12.2015
25.12.2015
Subsidiaries: Consolidation of Financial Statements
Quiz 3; Associates: Consolidation of Financial Statements
Financial Ratio Analysis
Revision and Discussion
Final exam
Chapter 21 (Book 1)
Chapter 23 (Book 1)
Chapter 27 (Book 1)