This course aims to provide students with a more thorough understanding of International Accounting Standards and International Financial Reporting Standards (IFRS), which were not covered in detail in previous courses. This course examines subjects relating to the Conceptual Framework, IAS 1, IAS 8, IAS 16 (plus impairment of fixed assets), IFRS 16, IAS 23, IAS 33, IAS 40 and IFRS 5. Therefore, the main focus is the theoretical underpinnings discussed in the conceptual framework adopted by the IFRS foundation, the presentation of financial statements and the calculation of earnings per share, the deepening of the understanding of liabilities by focusing on issues related to leasing and the capitalization of cost of capital, special issues related to non-current assets including investment property and non-current assets held for sale, and the accounting treatment of accounting errors, changes in accounting estimates and changes in the adoption of accounting policies.
On successful completion of the course students will be able to: