XMBA 520 | Course Introduction and Application Information

Course Name
Understanding Financial Reports
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
XMBA 520
Spring
2
0
2
4

Prerequisites
None
Course Language
English
Course Type
Required
Course Level
Second Cycle
Course Coordinator -
Course Lecturer(s)
Assistant(s) -
Course Objectives This course will be taught from the perspective of a business manager rather than that of an accountant. We will spend time on each topic proportionate to its benefit to managers. We are going to learn how to gain relevant information from the financial statements and how to use that information to make business decisions.
Learning Outcomes The students who succeeded in this course;
  • The students who succeeded in this course will be able to read and interpret a balance sheet.
  • The students who succeeded in this course will be able to discuss the methods used in product pricing.
  • The students who succeeded in this course will be able to do cost volume profit analysis.
  • The students who succeeded in this course will be able to read and interpret an income statement.
  • The students who succeeded in this course will be able to make financial statement analysis.
  • All academic work undertaken at Izmir University of Economics is subject to the “Universities’ Academic Honesty Codes and Regulations”. For details, please see: http://isl.ieu.edu.tr/en/akademik-durustluk
Course Content The course emphasizes the use of accounting information for a manager both internal and external. Financial accounting and managerial accounting topics will be examined in depth in order to make business decisions for managers.

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction to Accounting for Decision Making Review of general accounting knowledge
2 Conceptual Framework for Financial Reporting Review of first week
3 Accounting Equation and the Mechanics of Financial Accounting Review of previous week
4 Basics of Financial Statements Review of previous week
5 Balance Sheet : Currents Assets and Current Liabilities Review of previous week
6 Balance Sheet : Non-Current Assets Review of previous week
7 Balance Sheet :Non-Current Liabilities and Equity Review of the accounting information system
8 Midterm
9 Income Statement : Revenue and Expense Recognition Review of previous week
10 Statement of Cash Flows Review of previous week
11 Introduction to Management Accounting Review of managerial accounting knowledge
12 Cost Behavior and Cost Volume Profit Analysis Review of previous week
13 Budgeting as a Management Tool Review of previous week
14 Activity Analysis and Activity Based Management Review of previous week
15 Review of the Semester
16 Review of the Semester

 

Course Textbooks Accounting: Tools for Decision Making by Kimmel, Weygandt, and Kieso 3rd edition, published by Wiley. Management Business Plan Supplement by Katz and Green, published by McGrawHill/Irwin
References Case Studies and presentations.

 

EVALUATION SYSTEM

Semester Requirements Number Percentage
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
4
100
Seminar / Workshop
Portfolios
Midterms / Oral Exams
Final / Oral Exam
Total

Contribution of Semester Work to Final Grade
100
Contribution of Final Work to Final Grade
Total

ECTS / WORKLOAD TABLE

Activities Number Duration (Hours) Workload
Course Hours
Including exam week: 16 x total hours
16
1
16
Laboratory / Application Hours
Including exam week: 16 x total hours
16
Study Hours Out of Class
15
3
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
4
12
Seminar / Workshop
Portfolios
Midterms / Oral Exams
Final / Oral Exam
    Total
109

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Qualifications / Outcomes
* Level of Contribution
1
2
3
4
5
1

Broaden and deepen the knowledge about business administration at the master’s level,

X
2

Acquiring interdisciplinary knowledge and being capable to apply it,

X
3

Understanding the multidisciplinary nature of business administration, and analyze theoretical and practical information and skills gain through master’s degree on interdisciplinary dimension,

X
4

Being able to handle specialistic problems on business administration independently, and resolve them by using scientific methods, assess the results and apply them in case of necessity,

X
5

Improving new strategic approaches by thinking within innovative and holistic ways, finding solutions by taking responsibility and being able to change management during the unforeseen and complicated events in the field of business administration,

X
6

Developing strategies, policies and implementation plans to address the issues in the fields of business administration and management, and evaluating the consequences according to the processes of quality,

X
7

Digesting the necessity to apply the values of business ethics, teaching and controlling to act according to social, scientific and ethical values under any circumstances such as data collection, evaluation, announcing and practicing in the field of Business Administration,

X
8

Being able to use a foreign language for both chasing the scientific publication and developing proper communication with colleagues from other countries, in written and verbal ways .

X
9

Being able to use computer programs needed in the field business administration as well as information and communication technologies in advanced levels .

X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest