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İEF 653 - Accounting for Islamic Finance Institutions

Graduate Education Institute · Islamic Economics and Finance · Doctorate

ECTS: 6 T+P+L: 3+0+0 Departmental Elective
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Course Objective

 

To explain the features of IFI accounting, to convey information to students about the uniform accounting system and uniform chart of accounts applied in participation banks and the basic financial statements arranged in participation banks.

Course Content

 

In the IFI Accounting course, basic concepts related to IFI accounting, basic financial statements in participation banks, the uniform accounting system applied, basic banking transactions, asset transactions, functioning of credit and liability accounts, equity transactions and accounting of income-expense transactions will be covered.

Course Learning Outcomes

  1. Students taking this course will learn about the uniform accounting system and operation of participation banks, accounting practices in participation banks and financial statements of IFI.

Core Area Distribution

(34) Business and Administration%100

Teaching Methods

ExpressionExercise and PracticePresentationCase StudyProblem Solving

Assessment & Evaluation

HomeworkTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period16348
Midterm11515
Quiz155
Assignment111
Practice000
Final11010

Course Schedule

WeekSubjectPreparation
1Participation Banking in Economic Life and Its Main FeaturesRelevant Chapter
2Participation Banking and AccountingRelevant Chapter
3Basic Financial Statements in Participation Banks: Balance SheetRelevant Chapter
4Basic Financial Statements in Participation Banks: Profit-Loss StatementRelevant Chapter
5Uniform Account System Applied in Participation BanksRelevant Chapter
6Basic Banking Transactions and Accounting in Participation BanksRelevant Chapter
7Basic Banking Transactions and Accounting in Participation BanksRelevant Chapter
8MidtermMidterm
9Basic Banking Transactions and Accounting in Participation BanksRelevant Chapter
10Financial Asset Transactions and Accounting in Participation BanksRelevant Chapter
11Operation of Loan Accounts in Participation BanksRelevant Chapter
12Operation of Liability Accounts in Participation BanksRelevant Chapter
13Equity Transactions and Accounting in Participation BanksRelevant Chapter
14Income-Expense Transactions and Accounting in Participation BanksRelevant Chapter
15Income-Expense Transactions and Accounting in Participation BanksRelevant Chapter
16Final ExamFinal Exam