Doctor
of Philosophy in Business Administration
In
the Field of Accounting-Finance
Aims:
The aim of Doctor of Philosphy in Business
Administration program in the field of Accounting-Finance is to educate
academicians and experts to follow national and international developments and
use modern techniques, put forward original solutions to the existing problems
and handle these in compliance with ethical conduct. In this respect, our priorities
goals are to supply those students who want to specialize in Accounting and
Finance fields and pursue an academic career in fields mentioned above with
theoretical background and contemporary research methods while ensuring that
all kinds of related tools are utilized effectively.
Admission Criteria for the Ph. D. Program:
Students
with a graduate can apply to the normal Ph.D. program directly whereas those who
have an undergraduate degree from a four year university should apply to the
integrated Ph.D. program.
Student admission to the program is based
on methods determined by METU Department of Business Administration and the
related legislation.
Evaluation Criteria:
For Integrated Program applicants, undergraduate CGPA should be at least 3.00 / 4.00 = 75 / 100
For Ph.D. Program applicants, graduate CGPA should be at least 3.00 / 4.00 = 75 / 100
The exam result specified above are valid for two years.
Total Duration:
The time allowed to complete the Ph. D. program is 8 semesters for students with a master’s degree and 10 semesters for the students who enter the integrated program with an undergraduate degree.
Total Credits:
30
credits are required for master’s program graduates and 51 credits for undergraduate program.
Scientific Preparatory
Program
Students who have a
graduate or undergraduate degree may apply to the program. However, they need to
take scientific preparation courses before starting the courses in the program.
They may be exempted from these courses if they have taken the courses previously.
Upon request, the Academic Committee reviews the student’s records, conducts
exams when necessary and decides whether the student can be exempted from the
courses listed below:
• Financial Accounting
• Cost or Managerial Accounting *
• Statistics
• Microeconomics
• Macroeconomics
• Finance
• Calculus / Differential Equations ( for METU MATH 119, 120, 219) **
* Compulsory for specialization in Accounting
field.
** A maxiumum
of two of these courses may be taken in the first year of integrated program
via overloading.
Ph.D. Program
Applicants who successfully complete the scientific preparatory program should follow the following schedule. The must and elective courses (course code, course name, course content and course credit) and total credits that students have to take are indicated below.
· 8 must PhD courses (24 credits in total)
· 2 must research method courses with application (0 credits)
· 2 elective courses (6 credits in total)
· Ph.D. thesis
Integrated Ph.D Program
·
5 Integrated Program
courses (15 credits in total)
· 8 must PhD courses (24 credits in total)
· 2 must research method courses with application (0 credits)
· 4 elective courses (12 credits in total)
·
Ph.D. thesis
Doctor
of Philosophy in Business Administration in the Field of Accounting-Finance [1]:
|
First Year |
|
|
Fall Semester |
|
|
Courses |
Credits |
|
BA
6401 Accounting Theory or BA
6801 Theory of Finance |
(3-0)3 |
|
BA
6505 Applied Regression
Analysis |
(3-0)3 |
|
BA
6811 Microeconomic Theory |
(3-0)3 |
|
|
|
|
Spring Semester |
|
|
BA
6402 Topics in Accounting
Research or BA
6802 Topics in Finance
Research |
(3-0)3 |
|
BA
6506 Applied Multivariate
Analysis |
(3-0)3 |
|
Elective (Restricted)* |
(3-0)3 |
|
|
|
|
Summer Semester |
|
|
BA 6021 Research Paper I (Seminar) |
NC |
|
|
|
|
Second Year |
|
|
Fall Semester |
|
|
BA
6507 Applied Time Series and
Panel Data Analysis |
(3-0)3 |
|
BA
6807 Topics in Accounting and
Finance Research I |
(3-0)3 |
|
Elective (Restricted)* |
(3-0)3 |
|
|
|
|
Spring Semester |
|
|
BA
6808 Topics in Accounting and
Finance Research II |
(3-0)3 |
|
|
|
|
Summer Semester |
|
|
BA 6022
Research Paper II (Seminar) |
NC |
|
|
|
|
Third and
Fourth Years |
|
|
Fall Semester |
|
|
BA 6099
Ph.D. Dissertation |
NC |
|
BA 80xx
Special Studies |
NC |
|
BA 90xx
Special Topics |
NC |
|
|
|
|
Spring Semester |
|
|
BA 6099
Ph.D. Dissertation |
NC |
|
BA 80xx
Special Studies |
NC |
|
BA 90xx
Special Topics |
NC |
|
|
|
|
Summer Semester |
|
|
BA 6099
Ph.D. Dissertation |
NC |
|
BA 80xx
Special Studies |
NC |
|
BA 90xx
Special Topics |
NC |
* Elective courses must be approved by the advisor and the department.
Additional courses that must be taken within the scope of Integrated
Ph.D Program
|
First Year |
|
|
Fall Semester |
|
|
Courses |
Credits |
|
BA
5505 Research Methods in
Accounting and Finance |
(3-0)3 |
|
BA
5811 Corporate Finance |
(3-0)3 |
|
BA
5814 Investment Management or BA
5818 Analysis of Financial
Statements |
(3-0)3 |
|
BA
5819 Financial Institutions
and Markets |
(3-0)3 |
|
|
|
|
|
|
|
Spring Semester |
|
|
BA
5506 Quantitative Methods in
Accounting and Finance |
(3-0)3 |
|
Elective (Restricted) |
(3-0)3 |
|
Elective (Restricted) |
(3-0)3 |
|
|
|
Appendix 1
Course Descriptions:
BA 5411 Auditing (3-0)3
Auditing theory and practice applicable to business organizations in general; auditing standards, procedures, rules of professional conduct, and related material of professional importance.
BA 5412 Cost Accounting (3-0)3
Content topics cuch as cost concepts, CVP relationships; budgeting; job, process and operation systems; flexible budgets and standards; service department cost allocation; allocation of joint and byproduct cost; spoilage, waste, defective units and scrap; relevant-cost analysis; capital budgeting; decentralization and transfer pricing.
BA 5413 Advanced
Management Accounting (3-0)3
The aim of the course is to investigate accounting topics that lend themselves to the use of mathematical and statistical techniques of cost analysis, with emphasis on the internal needs of management.
BA 5414 Special
Topics in Accounting (3-0)3
This course is designed to equip the students with knowledge on
contemporary issues in accounting such as funds flow and cash flow analysis,
leases, pension plans, tax problems, consolidations, intangibles, profit
appropriation, foreign exchange transactions, accounting for derivatives and accounting problems created by
price-level changes.
BA 5417 Intermediate Accounting (3-0)3
This
course covers international accounting standards within the scope of
intermediate accounting topics. Topics covered include financing and operating
activities of companies, application of generally accepted accounting
principles to those activities, and evaluation of financial statements.
BA 5421 International Accounting (3-0)3
This course covers various domains of
accounting around the world, emphasizing code based vs. common law countries
and spheres of influence. International Financial Reporting Standards will be
reviewed within this framework.
BA 5505 Research Methods in Finance and Accounting (3-0)3
This course emphasizes the role and significance of research within accounting and finance, and covers different types and functions of research, formulating research, research questions, hypotheses, concepts, operations and briefs, research philosophies, epistemologies and ontologies and their relevance to quantitative and qualitative methodology and methods, collecting, analysing and interpreting data: survey methodology and methods, questionnaire design and administration, questionnaire analysis including basic statistical techniques and computer data using a relevant statistical software package – i.e. SPSS (or equivalent). Also qualitative research methods including structured, semi-structured and unstructured interviews, focus groups, participant and non participant observation will be selectively discussed. Research ethics, social and economic objectives of research, writing and presentation of research results and analysis are within the scope of this course.
BA 5506 Quantitative Methods
in Finance and Accounting (3-0)3
This course will cover application of select mathematical tools in business and economics. Among these topics are equilibrium analysis, sets, functions, matrices and determinants, sequences, limits, cobweb model, rate of change, exponential function, continuous compounding, introduction to optimization, derivatives, partial derivatives, chain rule, integration, martingales, Brownian motion, Markov processes. The aim is to introduce how mathematical tools are applied in economics and business, especially in finance.
BA 5514 Risk Management (3-0)3
The aim of the
Risk Management and Insurance course is to provide an introduction to the
actuarial philosophy and the actuarial scientific method. All major areas in
risk and insurance are treated in some depth, including basic concepts,
fundamental legal principles, property and liability insurance, life and health
insurance, social insurance, the functional and financial operations of
insurance companies, and the main features of the Turkish insurance market.
BA 5811 Corporate Finance (3-0)3
The course introduces the financial operations in business corporations and the related concepts such as risk, rate of return, and valuation. Topics covered include Risk, Rates of Return, Time Value of Money, Bond and Stock Valuation, Cost of Capital, Basics of Capital Budgeting, Cash Flow Estimation, Capital Structure and Leverage, Investment Banking and Securities Market.
BA 5812 Turkish Banking and
Financial System (3-0)3
The course encompasses the history of Turkish Banking and Financial
System from the
BA 5814 Investment
Management (3-0)3
The purpose of this course is to introduce the student to the area of investment with emphasis upon why individuals and institutions invest and how they invest. Topics include measures of risk and return; capital and money markets; process and techniques of investment valuation; principles of fundamental analysis; technical analysis; analysis and management of bonds; analysis of alternative investments; portfolio theory and application.
BA 5817 International Finance
(3-0)3
The first part of the course aims at introducing the student to
foreign exchange markets, exchange rate determination theories, forecasting and
international trade financing. A project on
BA 5818 Analysis of Financial
Statements (3-0)3
The objective of the course is to provide the knowledge and the skills necessary to take full advantage of financial reports and analysis. Starting with an overview of financial accounting, the topics that will be covered include financial statements, ratio analysis, comparative analysis and the management of operating funds.
BA 5819 Financial Institutions and Markets (3-0)3
Analysis of financial intermediation and the determination of interest rates are the main topics covered. Businesses, consumers, and governments in money and capital markets are observed with emphasis on financial instruments. International financial markets are discussed. The purposes and functions of central banking are studied with primary attention to monetary policy.
BA 5820 Portfolio
Management (3-0)3
The emphasis of the course is directed toward capital markets and portfolio management, and investment in securities. The discussions are basically about corporate securities and their valuation, and the organizations of the financial markets.
BA 5821 Bank Management (3-0)3
Basic asset, liability, and capital management are discussed. Topics include primary lending functions, pricing techniques, risk management, and bank organization. Familiarization with international banking is provided.
BA 5822 Principles of International Banking (3-0)3
The basic principles covered in BA 5821 are enhanced through an international perspective. The changing nature of bank management; a functional overview of international banking and its structure are among the topics discussed in the course.
BA 5825 Financial Derivatives (3-0)3
This course is designed to provide a solid foundation in the principles of derivatives. It attempts to strike a balance between institutional details, theoretical foundations, and practical applications. In parallel with the already increasing attempts to integrate derivative securities and markets into the Turkish financial system, it is believed that this course will fill a gap in that the students will be exposed to a rather comprehensive coverage of theory and application in the derivatives area.
BA 5827 Fixed Income Analysis
(3-0)3
The objective of this course is to provide the students with an overview of the fixed income market. This includes coverage of the securities available in the Turkish and international markets, their investment characteristics, the latest techniques for valuing them and portfolio strategies for using them.
BA 5829 Valuation Models and Applications (3-0)3
This course focuses on valuation of real and financial assets. The valuation methods covered are discounted cash flow approaches, multiples and real options. Students will learn how to calculate value for various asset types and how to choose the appropriate method of valuation.
BA 5830 Special Topics in Finance (3-0)3
This course is designed to deal with some special topics in finance. The purpose of the course is to extend knowledge of students beyond basic finance topics and increase the awareness of students on some key issues of finance. The topics covered include short term financial planning, leasing, mergers and acquisitions, international finance and derivative securities.
BA 6021 Research Paper I NC
During the summer of the first year, the students are required to replicate a recent research study in their field of interest under the supervision of their advisor. While replicating a research, the students are required to critically analyze the motivation, methodology and the results of the study.
BA 6022 Research Paper II NC
During the
summer of the second year, the students are required to develop their own
research question, formulate their design, conduct the research and produce a
research paper under the supervision of their advisors. Research papers are
expected to be of publishable quality.
BA 6401 Accounting Theory (3-0)3
The aim of the course is to introduce the students to prevailing schools of
thought in accounting theory. Specifżcally, the historical development of
accounting theory will be covered with special emphasis on current development.
The course is organized around three main topics: normative and positive
accounting theories; financial reporting disclosures and ethical
considerations; and income determination.
BA 6403 Topics in Accounting Research (3-0)3
The course covers main research areas in accounting utilizing an extensive
list of readings starting with earlier research and ending with very recent
research in accounting. The areas covered include, but are not limited to,
capital market research, behavioral research in accounting, analytical research
in accounting, and other empirical research in accounting and related areas.
The students are expected develop skills pertaining to how
research work should be evaluated critically.
BA 6505 Applied Regression Analysis (3-0)3
This course will
cover the following topics: Simple Linear Regression, Introduction to Multiple
Regression,
BA 6506 Applied Multivariate Analysis (3-0)3
This course will
cover Multivariate data, Multivariate normal distribution, Multivariate ANOVA,
MANCOVA, Repeated measures MANOVA, Multivariate regression, Principal
Components, Factor Analysis, Canonical Correlation Analysis, Discriminant Analysis,
Cluster Analysis, Multidimensional Scaling. Students will be required to
understand the use of and apply the techniques in finance and accounting using
a relevant statistical software- i.e. SPSS, MINITAB
BA 6507 Applied Time Series and Panel Data Analysis (3-0)3
This course will cover the following materials in two parts, with an applied emphasis in finance and accounting. TIME SERIES: Data handling, Univariate time series, VARs and VECMs, Structural VAR modeling and Impulse Response Analysis, forecast error variance decomposition, Conditional Heteroscedasticity; PANEL DATA: One-way error component: fixed effects, random effects, Two-way error component: fixed effects, random effects, SUR, Nonstationary Panels: panel unit root, panel co-integration, estimation and inference in integrated panels. A statistical software package will be extensively used- i.e. Eviews, Microfit, RATS & CATS
BA 6801 Theory of Finance (3-0)3
The aim of