Faculty of Business and Management Sciences · International Trade and Finance (English) · Undergraduate
ECTS: 5 T+P+L: 3+0+0 University Elective
Coordinator: Arş. Gör. Fatma YILMAZ YEŞİLMEN
Course Objective
The objective of this course is to enable students to understand the accounting practices and standards of Islamic financial institutions. Students will learn about the accounting for Islamic financial products and services, financial reporting standards, and the auditing processes of Islamic financial institutions.
Course Content
This course covers the accounting practices and standards of Islamic financial institutions.
Required Resources
Dr. Abdurrahman Çetin-Faizsiz Finans Kuruluşları Muhasebesi -Tek Düzen Hesap Planı ve AAOFI Standartları Çerçevesinde-TKBB Yayınları,
Recommended Resources
TKBB'nin muhasebeleştirme içerikli yayınları
Course Learning Outcomes
- Understand the information presented in Balance Sheets (Statements of Financial Position), Income Statements (Profit and Loss Statements), Cash Flow Statements, Statements of Changes in Equity and Profit Distribution Statements in Islamic financial i
- Know how the information in the basic financial statements of Islamic financial institutions is formed.
- Prepare Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) using the available financial data of Islamic financial institutions.
- Analyze the account information in the Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) of Islamic financial institutions.
- Compare and evaluate the information in the Balance Sheet (Statement of Financial Position) and Income Statement (Profit and Loss Statement) of different Islamic financial institutions.
Core Area Distribution
(34) Business and Administration%100
Teaching Methods
ExpressionQuestion-AnswerCase StudyProblem Solving
Assessment & Evaluation
Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 5 | 80 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 2 | 2 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Explanation of bank accounting and fundamental concepts, accounts used in the banking sector, and the characteristics of financial statements. | Related part |
| 2 | Explanation of the structure of Islamic financial institutions. | Related part |
| 3 | Examples of recording cash and cash equivalents accounts in TL-FC. | Related part |
| 4 | Examples of opening credit accounts (based on methods used by Islamic financial institutions), recording profit-sharing accounts, and installment payments. | Related part |
| 5 | Examples of recording delayed (default) or non-payment of credit accounts in TL-FC. | Related part |
| 6 | Examples of recording, valuing, depreciating, and selling fixed assets. | Related part |
| 7 | Foreign liabilities (current accounts - participation accounts) in TL-FC. | Related part |
| 8 | Midterm | - |
| 9 | Foreign liabilities (provisions - leasing - security issuances - creditor temporary accounts) in TL-FC. | Related parts |
| 10 | Examples of recording equity. | Related parts |
| 11 | Examples of income accounts (income from participation accounts, export credits, leasing revenues) in TL-FC. | Related parts |
| 12 | Examples of expense accounts (payments for participation accounts, issued securities, and operational costs) in TL-FC. | Related parts |
| 13 | Examples of transferring trial balance information to income statements and financial position statements. | Related parts |
| 14 | Overview | - |
| 15 | Overview | - |
| 16 | Final exam | - |