Syllabus
Registration via LPIS
The course provides participants with an overview of financial accounting according to International Financial Reporting Standards (IFRS). It outlines the specifics of IFRS and provides deep knowledge of selected IFRS standards. The course starts with introduction of the International Accounting Standards Board (IASB), which is the global standard setter, and its conceptual framework, which serves as the base for developing IFRS. An overview of all applicable standards is provided and selected standards are covered in detail. When presenting the selected standards, the underlying concepts are covered first and their practical application is demonstrated next.
By attending this course, students obtain good knowledge about the key concepts and elements of financial accounting according to IFRS. They learn about the importance of the conceptual framework, on which the principles of accounting standards are based. The students acquire practice-relevant knowledge in some selected areas of IFRS like revenue recognition, property, plant and equipment, intangible assets, asset impairment, financial assets, financial liabilities and equity. After completing this course, the students have good understanding of the scope of IFRS and institutional infrastructure surrounding it. This course helps them to understand and critically evaluate main specifics of IFRS accounting as well as apply IFRS recognition and measurement rules on typical situations independently. The students completing this course are also able to assess the benefits of IFRS as well as the accounting discretion within IFRS.
The course consists of lectures, practical examples and discussions. They serve to explain the key concepts of IFRS and their application in practice. The lectures are partly based on international textbooks and partly on the text of IFRS standards. Relevant chapters in the books and additional material will be announced throughout the course.
Back