Information Package / Course Catalogue
Accounting Standards
Course Code: MVP224
Course Type: Area Elective
Couse Group: Short Cycle (Associate's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 2
Prt.: 0
Credit: 2
Lab: 0
ECTS: 3
Objectives of the Course

The objectives of this course are to acquaint the students with laws, regulations, communiques and accounting standards that shape accounting practices in Turkey. Further, this course aims to inform the students about Turkish Accounting Standards / Turkish Financial Reporting Standards (TMS / TFRS) that will provide a competitive advantage for students who want to improve themselves in the field of accounting after graduation.

Course Content

This course examines topics such as: Accounting standards concepts, setting up accounting standards, studies for setting up accounting standards in Turkey, initiatives on the convergence of Local Accounting Standards to IAS / IFRS in Turkey, Turkey Accounting Standards Board, Framework for the Preparation and Presentation of Financial Statements, and the examination of selected TAS / TFRS

Name of Lecturer(s)
Learning Outcomes
1.The students who succeeded in this course have information about accounting standards and their requirements.
2.The students who succeeded in this course know laws, regulations, communiques and accounting standards shaping accounting practices in Turkey.
3.The students who succeeded in this course learn about the Turkey Accounting Standards / Turkey Financial Reporting Standards (TAS / TFRS).
4.The students who succeeded in this course learn about the International Accounting Standards / International Financial Reporting Standards (IAS / IFRS).
5.The students who succeeded in this course prepare the financial statements under TAS / TFRS.
Recommended or Required Reading
Weekly Detailed Course Contents
Week 1 - Theoretical
Accounting standards concepts, setting up accounting standards, studies for setting up accounting standards in Turkey.
Week 2 - Theoretical
Studies for setting up accounting standards in Turkey.
Week 3 - Theoretical
Initiatives on the convergence of Local Accounting Standards to IAS / IFRS in Turkey, Turkey Accounting Standards Board.
Week 4 - Theoretical
TAS / TFRS
Week 5 - Theoretical
Framework for the Preparation and Presentation of Financial Statements
Week 6 - Theoretical
Framework for the Preparation and Presentation of Financial Statements
Week 7 - Theoretical
TAS 1: Presentation of Financial Statements
Week 8 - Theoretical
TAS 1: Presentation of Financial Statements (Midterm Exam)
Week 9 - Theoretical
TAS 2: Inventories
Week 10 - Theoretical
TAS 8: Accounting Policies, Changes in Accounting Estimates and Errors TAS 10: Events After the Balance Sheet Date
Week 11 - Theoretical
TAS 16: Property, Plant and Equipment
Week 12 - Theoretical
TAS 21: The Effects of Changes in Foreign Exchange Rates TAS 23: Borrowing Costs
Week 13 - Theoretical
TAS 20: Accounting for Government Grants and Disclosure of Government Assistance
Week 14 - Theoretical
TAS 37: Provisions, Contingent Liabilities and Contingent Assets
Assessment Methods and Criteria
Type of AssessmentCountPercent
Attending Lectures1%5
Verbal Examination1%5
Midterm Examination1%30
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory171522
Assignment15813
Midterm Examination115520
Final Examination115520
TOTAL WORKLOAD (hours)75
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
OÇ-1
4
2
2
2
2
2
2
2
2
2
2
2
2
OÇ-2
2
2
2
2
2
2
2
2
2
2
2
5
2
OÇ-3
2
2
2
2
2
4
2
2
2
2
2
2
2
OÇ-4
2
2
2
2
2
2
2
2
2
2
2
2
2
OÇ-5
3
2
2
2
2
2
4
2
2
4
2
2
2
Adnan Menderes University - Information Package / Course Catalogue
2026