Information Of Programmes

INSTITUTE OF SOCIAL SCIENCES / MUD-515 - ACCOUNTING AND AUDITING (MASTER'S DEGREE WITHOUT THESIS)

Code: MUD-515

Course Title: INFLATION ACCOUNTING

Theoretical+Practice: 3+0

ECTS: 6

Year/Semester of Study

1 / Fall Semester

Level of Course

2nd Cycle Degree Programme

Type of Course

Optional

Department

ACCOUNTING AND AUDITING (MASTER'S DEGREE WITHOUT THESIS)

Pre-requisities and Co-requisites

None

Mode of Delivery

Face to Face

Teaching Period

14 Weeks

Name of Lecturer

EDA KÖSE (edakose@nevsehir.edu.tr)

Name of Lecturer(s)

Language of Instruction

Turkish

Work Placement(s)

None

Objectives of the Course

To teach students about partial applications related to inflation accounting in Turkey and the regulations related to inflation accounting in the Turkish Tax Legislation and Turkish Accounting Standards, and to teach students how to purify the financial statements of businesses from the effect of inflation according to these regulations in Turkey with the help of practical examples.

Learning Outcomes		PO	MME
The students who succeeded in this course:
LO-1	Learning the basic concepts of inflation accounting and partial inflation methods in the Turkish Tax Legislation	PO-1 Based on the 4-year undergraduate level qualifications in the field of business administration or if they have undergraduate education in another field, students who have taken the necessary courses and have reached this qualification can develop and deepen their knowledge in the field of accounting at the level of expertise.	Examination
LO-2	Learning how to adjust financial statements for inflation according to Law No. 5024	PO-1 Based on the 4-year undergraduate level qualifications in the field of business administration or if they have undergraduate education in another field, students who have taken the necessary courses and have reached this qualification can develop and deepen their knowledge in the field of accounting at the level of expertise.	Examination
LO-3	Learning how to adjust financial statements for inflation according to TMS 29: Financial Reporting Standards in High Inflation Economies	PO-1 Based on the 4-year undergraduate level qualifications in the field of business administration or if they have undergraduate education in another field, students who have taken the necessary courses and have reached this qualification can develop and deepen their knowledge in the field of accounting at the level of expertise.	Examination
PO: Programme Outcomes MME:Method of measurement & Evaluation

Course Contents
Basic information on inflation and financial statements, the effect of inflation on financial statements, inflation accounting methods, inflation accounting application within the framework of Law No. 5024, IAS 29: Inflation accounting application according to the Financial Reporting Standard in High Inflation Economies, correction of financial statements according to general price level accounting and application examples
Weekly Course Content
Week	Subject	Learning Activities and Teaching Methods
1	Basic information on inflation and financial statements	Lecture, Question and Answer
2	The effect of inflation on the asset and resource structure of the balance sheet	Lecture, Question and Answer
3	The effect of inflation on the income statement of businesses	Lecture, Question and Answer
4	Partial adjustment methods applied to eliminate the impact of inflation on financial statements	Lecture, Question and Answer
5	General adjustment methods applied to eliminate the impact of inflation on financial statements and the separation of balance sheet elements as monetary and non-monetary	Lecture, Question and Answer
6	Law No. 5024 and Communiqués No. 328-333-337-338	Lecture, Question and Answer
7	IAS 29: Financial Reporting Standard in High-Inflation Economies	Lecture, Question and Answer
8	mid-term exam
9	Correction of financial statements according to general price level accounting	Lecture, Question and Answer
10	Correction of financial statements according to general price level accounting	Lecture, Question and Answer
11	Calculation of purchase gains and losses caused by monetary items	Lecture, Question and Answer
12	Sample applications related to various industries	Lecture, Question and Answer
13	Sample applications related to various industries	Lecture, Question and Answer
14	Sample applications related to various industries	Lecture, Question and Answer
15	Sample applications related to various industries	Lecture, Question and Answer
16	final exam
Recommend Course Book / Supplementary Book/Reading
1	Nalan Akdoğan, Enflasyon Muhasebesi Kurumsal Yaklaşımlar ve Türkiye Uygulaması, Ankara 2004
2	Remzi Örten, Aydın Karapınar; Enflasyon Muhasebesi, Gazi Kitabevi
3	5024 Sayılı Kanun ve 328-333-337-338 Sıra Numaralı Tebliğler
4	TMS 29: Yüksek Enflasyonlu Ekonomilerde Finansal Raporlama Standardı
Required Course instruments and materials
Textbooks, Notebook, Blackboard

Assessment Methods
Type of Assessment	Week	Hours	Weight(%)
mid-term exam	8	1	40
Other assessment methods
1.Oral Examination
2.Quiz
3.Laboratory exam
4.Presentation
5.Report
6.Workshop
7.Performance Project
8.Term Paper
9.Project
final exam	16	1	60

Student Work Load
Type of Work	Weekly Hours	Number of Weeks	Work Load
Weekly Course Hours (Theoretical+Practice)	3	14	42
Outside Class
a) Reading	3	14	42
b) Search in internet/Library	3	14	42
c) Performance Project			0
d) Prepare a workshop/Presentation/Report			0
e) Term paper/Project			0
Oral Examination			0
Quiz			0
Laboratory exam			0
Own study for mid-term exam	3	7	21
mid-term exam	2	1	2
Own study for final exam	4	7	28
final exam	3	1	3
			0
			0
Total work load;			180