+90 392 600 16 16
+90 392 600 16 16

Accounting and Finance Program

General Information

Goal & Objectives

Career Opportunities

Learning Outcomes

Curriculum

Course Descriptions

General Information

Specifically, in addition to developing core knowledge and skills in accounting and finance, you will learn to analyse how accounting and finance is concerned with a range of institutional and organisational processes of calculation, reporting, and evaluation. You will also learn to appreciate the interdependencies between accounting and accountability, financial management and risk, performance management and sustainability, governance and regulation, policy making and change, among other key fundamental concepts related to, implicated in, or affected by accounting and finance. You will learn to critically evaluate the use and suitability of accounting and finance techniques in different contexts. You will gain a deep understanding of the nature of organisations in the economy and society, and the crucial role that accounting and finance play in societies, economies, institutions, markets, organisations, and even individual behaviours.

Goal & Objectives

The Accounting and Finance program aims to train and develop students as experts in their fields during their four-year education. In addition, the program aims to provide students with academic foundations, knowledge and skills to prepare them for a career that provides challenge and reward. In today’s global competitive environment, our program also aims to develop well-equipped, knowledgeable and creative graduates who have a very clear vision of the current theoretical and technical characteristics of the program. Other goals of our program include developing students for preparation of financial statements, analyzing and auditing the financial statements, reducing the cost of goods and services, managing costs and managing the funds effectively and efficiently for an organization in order to achieve its goals.

Career Opportunities

It is obvious that the need for educated, competent and expert personnel who can work in private and public institutions in this field, nationally and internationally, will be higher than ever. Graduates of the program will be able to take positions in financial reporting, financial analysis, costing, cost management, financial management as well as in general management positions in Accounting and Finance departments.

Learning Outcomes

The MSc Accounting and Finance programme seeks to expand upon students’ existing knowledge of mathematics through a combination of practical and theoretical study. The programme aims to provide students with a specialist education in accounting and finance. It will give a global perspective on investment markets and asset classes, provide practical as well as theoretical knowledge on the processes and mechanics underlying investment, and build on students’ existing numerical skills so that they are able to understand and practice investment-related mathematics.

Curriculum

Course Descriptions

ENGL101 ACADEMIC ENGLISH I

Academic English I course covers the following topics: Development of writing and speaking skills; Improvement of Reading skills; English language structures; Lexis; Improvement of Report Connecting critical thinking with language skills; Incorporating technologies to improve English learning; Introduction to model reporting; Finding and searching information sources; References; Proposal and outline; Introduction and report layout; Oral presentation input; Abstract and conclusion.

MATH 103 MATHEMATICS FOR SOCIAL SCIENCES I

Mathematics for Social Sciences course has the following course content: First degree-equations in one variable; Second degree-equations in one variable; Inequalities; Slope-intercept form; Systems of linear equations; Two-variable systems of linear equations, Functions; Graphical representation of functions. Linear functions and applications; Linear cost, revenue, profit; Demand and supply functions; Break-even models. Quadratic functions and their characteristics; Polynomial functions. Exponential and logarithmic functions and their characteristics.

ITEC 101 INTRODUCTION TO INFORMATION TECHNOLOGY I

Introduction to Information Technology I covers the following topics: Introduction to Word; Document presentation; Document productivity; Desktop publishing and graphic design; Creating and formatting a table; Time saving tools; Document automation; Introduction to PowerPoint; Presentation development; Presentation design; Collaboration and distribution; Running and navigating a custom slide show; Designating and displaying hidden slides; Introduction to Excel; Managing worksheets; Formulas and functions; Financial functions; Datasets and tables.

ECON 101 MICROECONOMICS

Microeconomics course the following main topics: Economy and economic systems; How people make decisions and how economy works as a whole; Demand and supply; Shift vs. movement along the curve; Price elasticity; Applications of supply, demand, and elasticity; Consumer and producer surplus; Market efficiency and the standard economic model; Budget constraint; Optimization and preferences; Cost in the short and long run; Competitive market; Supply curve in competitive market; Profit maximization.

BUSN101 INTRODUCTION TO BUSINESS I

Introduction to Business I course has the following course content: Dynamics of business economics; Business ethics and social responsibility; Specify how businesses can promote ethical behavior; Business in a borderless world; Explore some of the factors within the international trade environment that influence business; Options for organizing business; Small business, Describing how to start a small business and what resources are required; Entrepreneurship and franchising; Nature of management; Organization, Teamwork and Communication; Managing service and manufacturing operations.

TURK 101 TURKISH I

Turkish I course covers the following topics: Turkish alphabet; Phonetic structure of Turkish language; Plural suffix; Negative and interrogative sentences; Adjectives; Vocabulary and pronunciation; Numbers; Verbs in present simple and continuous tenses; Verb “to be”; Adjectives; Reading; Writing; Speaking; Locative cases; Listening exercises; exercises in pronunciation; Case endings; conversational exercises; Oral presentation.

ENGL102 ACADEMIC ENGLISH II

Academic English II course has the following course content: Writing an opinion paragraph; Practice and production; Vocabulary learning; Identifying text types; Cohesion and instructional texts; Meaning behind the words; Organizing a coherent paragraph; Recognizing definitions in context; Matching main points of paragraphs; How to prepare an outline; How to write a thesis statement; Writing a proposal; Choosing a report topic; Finding sources; Skimming, scanning and note‐taking; Review of genres; Matching genres to tasks; Quoting; Paraphrasing.

MATH 104 MATHEMATICS FOR SOCIAL SCIENCES II

Mathematics for Social Sciences II course has the following course content: Functions; Type of functions; Polynomial functions; Constant functions; Linear functions; Quadratic functions and their graphs; Higher order polynomials; Rational functions; Square root functions; Exponential functions, Logarithmic functions, Compound functions; Limits and continuity; Differentiation; Optimization and applications; Functions of several variables; Partial derivatives; Integral calculus; Integration; Rules on integration; Definite integral; Integral applications.

ITEC 102 INTRODUCTION TO INFORMATION TECHNOLOGY II

Introduction to Information Technology II covers the following course content: Introduction to Excel; Managing worksheets; Selecting, moving, copying, and pasting; Formulas and functions; Using cell references in formulas; Using date functions; Using logical, IF, lookup, and financial functions; Datasets and tables; Subtotals; PivotTables, and pivot charts; What-if Analysis; Specialized functions; Introduction to Access; Relational databases and queries; Creating and using professional forms and reports; Data validation techniques; Advanced queries.

ECON 102 MACROECONOMICS

Macroeconomics course covers the following main topics: Measuring a nation’s income; Economy’s income and expenditure; Measurement of GDP; Components of GDP; Real versus nominal GDP; International differences in GDP and the quality of life; Consumer prices index; Saving, investment, and the financial system; Production and growth; Markets for the factors of production; Unemployment; The Monetary system; Money growth and inflation; Open-Economy macroeconomics: Basic concepts; Aggregate demand and aggregate supply; Influence of monetary and fiscal policy on aggregate demand.

BUSN102 INTRODUCTION TO BUSINESS II

Introduction to Business II covers the following main topics: Creating the human resource advantage; Employee motivation; Strategies for motivating employees; Planning for human resources needs; Recruiting and selecting new employees; Developing the workforce; Compensating the workforce; The importance of workforce diversity; Developing marketing relationships; The marketing mix; Product strategy; Pricing strategy; Distribution strategy; Promotion strategy; Growth and benefits of digital communication; Financing the enterprise.

BUSN211 BUSINESS COMMUNICATION

Business Communication course follows the following content: Establishing a framework for business communication; Focusing on interpersonal communication; Communication styles; Listening skills; Working in teams; Group dynamics and decision making; Meeting management skills; Planning written and spoken messages; Steps of planning messages; Writing resumes and preparing for job interviews; Planning and writing resume; Preparing employment messages; The interview process; Interview follow up; Types of business messages.

ECON201 INTERMEDIATE MICROECONOMICS

Intermediate Microeconomics course covers the following main topics: The basics of supply and demand; Supply and Demand; The Market mechanism; Changes in market equilibrium; Elasticities of Supply and Demand; Short-Run versus Long-Run Elasticities; Changing market conditions; Effects of government Intervention; Price Controls; Consumer behavior; Individual and Market Demand; Production; Production with two variable inputs and isoquants; The cost of production; Profit maximization and competitive supply; Market power; Monopoly; Monopsony.

STAT201 STATISTICS I

Statistics I course had the following course content: What is statistics; Frequency distributions and graphic presentation; Numerical measures; Displaying and exploring data; Probability concepts; Discrete probability distribution; Continuous probability distribution; Sampling methods and the central limit theorem; Estimation and confidence intervals; Construction and graphing frequency distribution; Determining permutations and combinations; Sampling methods; Binomial probability distribution; Developing confidence intervals.

ACCT201 PRINCIPLES OF ACCOUNTING I

Principles of Accounting I course covers the following main topics: Accounting and the Business Environment; Financial and Management accounting; The elements of the accounting equation; Analyze business transactions; Rules of debit and credit; Ledger accounts after posting; Prepare and use a trial balance; Basic Financial Statements; Recording Business Transactions; Accruals and Deferrals; adjusting entries; Adjusting entries and accounting principles; Reporting Financial Results; Closing the temporary equity accounts; Merchandising Activities.

FINA201 INTRODUCTION TO BANKING AND FINANCE

Introduction to Banking and Finance course covers the following content: The Financial Planning Process; The Personal Financial Planning Process; Thinking About Career; The Role of Money in the Macro-economy; Financial Instruments, Markets, and Institutions; Interest Rate Measurement and Behavior; Why Long-Term bonds are riskier than Short-Term bonds; Money and Capital Markets; Types of securities and Investors; The Nature of Financial Intermediation; Depository Financial Institutions; Non-depository Financial Institutions; Investment Basics.

BUSN214 ORGANIZATIONAL BEHAVIOUR

Organizational Behavior course covers the following main topics: What Is Organizational Behavior?; Foundations of Individual Behavior: Personality and Values; Attitudes and Job Satisfaction; Perception and Individual Decision Making; Emotions and Moods; Foundations of Group Behavior; Communication; Leadership; Conflict and Negotiation; Organizational Culture; Human Resource Policies and Practices; Organizational Change and Stress Management; Organizational Behavior in the Family Business; The Significance to Organizational Behavior.

ECON202 INTERMEDIATE MACROECONOMICS

Intermediate Macroeconomics course has the following course content: How Macroeconomics Affects Our Everyday Lives; Macroeconomics in the Short Run and Long Run; The Measurement of Income, Prices and Unemployment; Income and Interest Rates; Monetary and Fiscal Policies in the IS-LM Model; The Government Budget, Debt and Limitations of Fiscal Policy; International Trade, Exchange Rates and Macroeconomic Policy; Aggregate Demand, Aggregate Supply and the Self-Correcting Economy; The Keynesian Revolution.

STAT202 STATISTICS II

Statistics II course cover the following main topics: Sampling Methods and the Central Limit Theorem; Estimation and Confidence Intervals; One-Sample and Two-Sample Test of Hypothesis; Goodness of Fit Tests; Analysis of Variance; Procedure for Testing a Hypothesis; Testing for a Population Mean; Limitations of Chi-square; Analysis of Variance; Inferences about Pairs of Treatment Means; F-Distribution; Testing the hypothesis of equal population variances; Value in Hypothesis Testing. Choosing an Appropriate Sample Size; Confidence Interval.

ACCT202 PRINCIPLES OF ACCOUNTING II

Principles of Accounting II covers the following course content: Understanding financial assets and their valuation in the balance sheet; Preparing bank reconciliation and understanding its purpose; Accounting for uncollectible receivables; Accounting for notes receivables; Accounting for credit card sales; Inventory costing methods; First-in first-out (FIFO) method; Last-in first-out (LIFO) method; Computing depreciation by the straight-line, declining-balance, and units-of output methods; Estimated liabilities, loss contingencies, and commitments.

FINA212 FINANCIAL MANAGEMENT

Financial Management course covers the following main topics: Introduction to financial management; Financial statements; Taxes and cash flow; Working with financial statements; Common size Analysis; Ratio Analysis; Sustainable and internal growth rates; Time value of money; Present Value; Future Value; Discounted cash flow valuation; Multiple cash flows; Present Value Annuity; Annuity due; Amortization loan table Interest rates and bond valuation; Equity markets and stock valuation; Net present value; Investment criteria; Scenario Analysis.

FINA301 MONEY AND BANKING

Money and Banking course has the following course content: An Introduction to Money and the Financial System; Money and the Payment System; Measuring the money supply; Lessons From the Crisis; Money and the Payment System; Financial Instruments, Financial Markets, and Financial Institutions; Future Value, Present Value, and Interest Rates; Understanding Risk; Bonds, Bond Prices, and the Determination of Interest Rates; Risk and Term Structure of Interest Rates; The Economics of Financial Intermediation; Regulating the Financial System.

ACCT303 INTERMEDIATE ACCOUNTING I

Intermediate Accounting I provides an in-depth study of the conceptual framework of accounting as it relates to recording, reporting, and disclosing financial information on the Balance Sheet, Income Statement, and Cash Flow Statement. Emphasis is placed on the accounting procedures for measuring, recording, and reporting Assets. Recent developments in accounting standards and practice are also covered.

ACCT305 COST ACCOUNTING FOR MANAGERIAL DECISION MAKING

Cost Accounting for Managerial Decision Making course covers the following topics: Differences among cost accounting, managerial accounting, and financial accounting; Understanding of cost accounting and management accounting; An Introduction to Cost Terms and Concepts; Elements of product cost; Direct costs and indirect costs; Variable costs and fixed costs; Product costs and period costs; Flow of costs in job costing system; Difference between actual costing and normal costing; Cost-Volume-Profit (CVP) Analysis: Activity-Based Costing (ABC).

FINA306 CORPORATE FINANCE

Corporate Finance course has the following content: Goals and Governance of the Firm; Financing Decision; Net Present Value and Other Investment Criteria; Payback rule; Profitability index; The Weighted-Average Cost of Capital and Company Valuation; Taxes and Weighted-Average Cost of Capital; The expected return of Bonds/Stocks; Real company WACC; Introduction to Corporate Financing; Ownership of the company; Venture Capital, IPOs, and Seasoned Offerings; Debt Policy; Payout Policy; Market reaction to stock issues.

FINA308 INTERNATIONAL FINANCE

International Finance course covers the following topics: Multinational Financial Management; Financial Globalization and Risk; The Global Financial Market Risk; Market Imperfections; The Theory of Comparative Advantage; The International Monetary System; History of the International Monetary System; Emerging markets and regime choices; The Balance of Payments; Trade Balances and Exchange Rates; International Parity conditions; Purchasing Power parity & Law of One Price; Exchange Rate Pass Through; Foreign Currency Futures.

ACCT304 INTERMEDIATE ACCOUNTING -II

The course is continuation of the Intermediate Accounting I course. Topics include an introduction to international accounting and the development of accounting standards; temporary and long-term investments in debt and equity securities; business combinations; consolidation at acquisition; consolidation subsequent to acquisition; consolidation and intercompany profit in inventory, land, and depreciable assets; foreign currency transactions; translation and consolidation of international operations; and accounting for not-for-profit organizations including public sector reporting.

FINA401 INVESTMENTS

Investments course covers the following topics: Asset and Security allocation of assets; Money and capital market; Indexes; Trading on Margin; Buying on Margin; Short sell; Initial Public Offerings; Season Equity Offerings; Mutual funds; Debt valuation; Callable Bonds; Credit Default Swaps; Equity Valuation; Dividend Discounting Model; Present Value of growth opportunities; Derivatives; Future contracts; Listings; Financial Instruments; Constant growth model; Multistage growth model; Maturity of Debt instruments.

ACCT403 INTERNATIONAL ACCOUNTING

The course is aimed to study theoretical and practical aspects of international accounting; to gain understanding about differences in national accounting systems and reasons of such differences; to analyze and evaluate worldwide processes of accounting harmonization and convergence, their influencing factors and their impact on national accounting systems; to analyze International Financial Reporting Standards (IFRS) and gain experience in applying them in practice; to analyze worldwide changes in audit market, to gain knowledge of international tax planning; to understand peculiarities of international financial analysis.

ACCT405 COMPUTER AIDED ACCOUNTING

This course discusses the accounting software available for small to medium-sized organizations. Through hands-on experience with Simply Accounting, students will develop a working knowledge of computerized accounting, develop criteria to use in evaluating microcomputer accounting software, and gain an understanding of the controls necessary in managing the flow of accounting data.

ACFN400 INTERNSHIP

Internship is a required four weeks’ involvement in financial institutions to obtain banking and financial knowledge; skills and competencies. Students may have their internship during the summer period prior to the registration for ACFN400. Completion of Internship is compulsory for all students of banking and finance program.

FINA422 PORTFOLIO MANAGEMENT

Portfolio Management course covers the following main topics: Risk and return; Measurements of return and risk; Scenario analysis; Markowitz portfolio theory; Optimal and complete portfolio; Capital allocation line; Index model; Capital Assets Pricing Model; Security market line; Beta and return relationship; Arbitrage pricing theory; Diversified portfolio; Efficient market hypothesis; Behavioral finance biases; Bubbles in the economy; Macroeconomics analysis; Portfolio evaluation; Beating the market; Systematic and firm-specific risks.

ACCT410 AUDITING

This course develops an understanding and appreciation of the philosophy of the auditing process and provides students with the skills necessary for effective decision making in regard to auditing, financial reporting, and ethics. The course covers the standards, concepts, and principles of auditing theory and practice. Topics include generally accepted auditing standards; systems of internal control; tests of compliance; transaction sampling; quality and reliability of information for decision making; the concepts of audit risk, materiality, and evidence; frameworks for the rules of conduct and the code of professional conduct; and information technology applied to internal control.

BUSN408 APPLIED RESEARCH METHODS

Applied Research Methods course covers the following topics: Qualitative and quantitative research; Time series analysis; Panel data analysis; The Gauss–Markov theorem; Regression Analysis; Normality Assumption; Two Variable Regression Model; Classical Linear Regression Model; Hypothesis testing procedure; Test statistic; One-tailed and two-tailed tests of significance; P-value; Multiple Regression Analysis; OLS; Multicollinearity; Heteroscedasticity; Autocorrelation; Introduction to statistical packages, such as, Eviews, Stata.

Department Contact Info

Accounting and Finance Program

Abdi Cavus St. Walled Old City – Nicosia / North Cyprus
P.O. Box 139 Via Mersin 10 – Turkey.

+90 392 600 16 16
[email protected]

Mon – Fri 8:30A.M. – 5:30P.M.

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