Identification
Prerequisites
Language
Compulsory/Elective
Text books and course
materials
Teaching methods
Evaluation Criteria
Course objectives
Course outline
Learning outcomes
Economics and Management
Department
Graduate
Program
ACC 870 International Accounting Practices - 3KU/6ECTS credits
Subject
Spring 2014
Term
Orkhan Karimov
Instructor
okarimovqub@gmail.com
E-mail:
Bashir Safaroglu 122, Room #21, Monday 18:30 – 21:00
Classroom/hours
ACC 801 Financial Accounting
English
Compulsory
Core textbook:
Connolly, C. (2011), International Financial Accounting and Reporting, 3rd Edition, Dublin:
Chartered Accountants Ireland.F.
Deegan, C. and Unerman, J. (2006), Financial Accounting Theory: European Edition,
McGraw Hill.
Elliott, B. and Elliott, J. (2009), Financial Accounting and Reporting, 13th Edition, FT
Prentice Hall.
Scott, W. R. (2008) Financial Accounting Theory, 5th Edition, FT Prentice Hall.
Case analysis
X
Group discussion
Lab
X
Lecture
Course paper
X
Problem Solving
Others
Methods
Date/deadlines
Percentage (%)
20
Midterm Exam
Case studies
5
Participation and Activity
15
Quizzes
20
Project
Laboratory Work
40
Final Exam
Activity
100
Total
The main objective of this course is to give the students deep knowledge into separate
accounting standards and prepare financial statements.
The course focuses on the mostly used IFRS and IAS. It will cover their aspects like general
rules for using them, application in financial reports, preparation, presentation and
consolidation of financial statements considering international standards.
The aim of the module is to develop the participants’ appreciation of financial accounting
concepts in the construction and application of the theory and practice of international
financial accounting and reporting.
In particular, this module seeks to enable students to:
* apply international financial reporting standards in the preparation and presentation of
single company and group financial statements;
* be aware of the main concepts and theories of financial accounting and reporting currently
engaging the attention of both the academic community and the accounting profession; and
Week
Tentative Schedule
Textbook/Assignments
Date
1
10.02.14
2
17.02.14
3
24.02.14
Topics
Framework for the Preparation and Presentation of Financial
Statements
Conceptual Framework for Financial Reporting 2010
Presentation of Financial Statements
IAS 1 Presentation of Financial Statements
Analysis and Interpretation of Financial Information
Revenue Recognition
IAS 18 Revenue Recognition
Property, Plant and Equipment
IAS 16 Property, Plant and Equipment
Chapters 1 and 2
Chapter 35
Chapter 4 and 6
4
03.03.14
5
10.03.14
6
17.03.14
7
24.03.14
8
31.03.14
9
07.04.14
10
14.04.14
11
21.04.14
12
28.04.14
13
05.05.14
14
12.05.14
15
19.05.14
Borrowing Costs
IAS 23 Borrowing Costs
Impairment of Assets
IAS 36 Impairment of Assets
Non-current Assets Held for Sale and Discontinued Operations
IFRS 5 Non-current Assets Held for Sale and Discontinued
Activities
Investment Property
IAS 40 Investment Property
Accounting for Government Grants and Disclosure of
Government Assistance
IAS 20 Accounting for Government Grants and Disclosure of
Government Assistance
Provisions, Contingent Liabilities and Contingent Assets
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
Midterm Exam
Events After the Reporting Period
IAS 10 Events after the Reporting Period
Accounting Policies, Changes in Accounting Estimates and
Errors
IAS 8 Accounting Policies, Changes in Accounting Estimates and
Errors
Statement of Cash Flows
IAS 7 Statement of Cash Flows Connolly
Earnings per share
IAS 33 Earnings per Share
Consolidated Statement of Financial Position
IFRS 3 Business Combinations ;
IAS 27 Consolidated and Separate Financial Statements
Consolidated Statements of Comprehensive Income and
Financial Position
Revision and Discussion
Final Exam
Chapter 7, 10 and
Chapter 15 ,16 and 20
Chapter 15
Chapter 15, 14and 21
Chapter 23
Chapter 19
Chapter 23
Chapters 26 and 27
Chapters 27 and 28