The course provides participants with an overview of corporate reporting under International Financial Reporting Standards (IFRS). It enhances their knowledge of selected IFRS and preparation of (consolidated) financial statements. Thus, the two main topics of the course are selected IFRS on the one hand, and the consolidation of financial statements on the other hand. An overview of applicable standards is provided and selected standards (e.g. IFRS 3, IAS 12, IAS 18 / IFRS 15, IAS 37, IAS 39 / IFRS 9) are covered in more detail. When presenting the selected IFRS, the underlying theoretical concepts are covered before demonstrating their practical application. The course also offers an overview of the legal framework regarding (consolidated) financial statements and of the consolidation scope. First, the underlying theoretical concept of the consolidation process is covered. Then, examples of different consolidation methods are discussed.

By attending the course, the participants obtain knowledge about financial reporting according to IFRS. They acquire practice-relevant knowledge in selected areas of IFRS like revenue recognition, financial instruments, provisions etc. Moreover, the participants learn about (consolidated) financial statements, their legal framework and the concepts underlying the consolidation process. After completing this course, the students have a good understanding of the scope of IFRS. The course helps them to understand and critically evaluate selected IFRS as well as to apply IFRS recognition and measurement rules.

The course consists of lectures, practical examples and discussions and covers 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.

Assessment is based on:

· Quizzes: 15 %

· Interim exam: 40 %

· Final exam: 45 %

In order to pass the course, students are required to achieve more than 50 % of the total reachable points.

Good knowledge of bookkeeping and accounting under national reporting standards (UGB, HGB or other national reporting standards). The students are expected to have knowledge from an undergraduate financial accounting course.