Nur Irem Nuhoglu 

Official Website

Special Topics In Accounting - Course Description

The course is designed to provide an intermediate level of International Financial Reporting Standards (IFRS) and further understanding of major financial reporting issues. 

The role of financial accounting information is to facilitate economic transactions and to foster the efficient allocation of resources among businesses and individuals.  A company’s financial statements can be used for various purposes: as an analytical tool, as a management report, as an early warning signal, as a basis for prediction and as a measure of accountability. Over time, the accounting profession has developed a network of rules, guidelines and procedures, collectively referred to as generally accepted accounting principles (GAAP). The principles and rules that govern financial reporting continue to develop and evolve in response to changing business conditions.

International Financial Reporting Standards is a set of accounting standards developed by International Standards Board (IASB) that is becoming the global GAAP for the preparation of company financial statements. IASB is an independent accounting standards body, based in London, consists of 15 members, responsible for the development and publication of IFRSs. 

This course focuses on to develop a “critical thinking” approach to financial accounting and reporting. The course seeks to develop students’ understanding of the environment in which financial reporting choices are made, what the options are, how these data are used for various types of decisions. In this approach, it covers all the core topics of intermediate accounting by first describing the business transactions that affect various accounts, the technical details of IFRS, how these rules are applied in practice and what the financial statements look like.

In addition, the New Turkish Commercial Code has become effective on 1 July 2012. Pursuant to New Turkish Commercial Code, companies as from 1 January 2013 are obliged to fully comply with the Turkish accounting and reporting standards (“TFRS” which is direct translation of IFRS). Within the context of these provisions, setting and developing the necessary accounting and financial planning frameworks aligned with the New Turkish Commercial Code is of utmost importance.  The course as well will focus to explain the impact of recent legislation, and accounting standards on the future of the Turkish accounting profession.

The course covers a discussion of International Financial Reporting Standards, examples and exhibits from company reports, illustrative alternative accounting treatments and disclosures.  In addition, guest speakers will frequently share their experience with students.



  1. This course will aim the students to combine practice and theoretical knowledge of IFRS.
  2. The students of this course will be active learners and develop intermediate level of IFRS.
  3. The course will provide decision making skills to the students in major financial reporting issues
  4. The students of this course will have the ability to identify and analyze complex financial accounting problems and opportunities in real life situations.
  5. The course will inform the students regarding the new Commercial Code.


      The students will identify IFRS issues and technical details of IFRS. The students will discuss the financial reporting choices and how rules are applied.