5500 Specialization in Business Administration Course I - IFRS Accounting
Mag. Magdalena Kuntner
Contact details
Weekly hours
Language of instruction
02/28/18 to 03/02/18
Registration via LPIS
Notes to the course
Day Date Time Room
Tuesday 03/06/18 09:00 AM - 01:00 PM TC.5.13
Thursday 03/08/18 09:00 AM - 01:00 PM TC.5.13
Tuesday 03/13/18 09:00 AM - 01:00 PM TC.0.02 Red Bull
Friday 03/23/18 01:00 PM - 05:00 PM TC.0.04
Friday 04/13/18 11:00 AM - 03:00 PM TC.5.01
Friday 04/20/18 09:00 AM - 01:00 PM TC.2.03
Thursday 04/26/18 02:00 PM - 03:30 PM TC.0.01 ERSTE

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 the introduction of the International Accounting Standards Board (IASB), which is the global standard setter, and the Conceptual Framework for Financial Reporting, which serves as the basis for developing IFRS. An overview of all applicable standards is provided and selected standards (e.g., IAS 1 Presentation of Financial Statements, IAS 16 Property, Plant and Equipment, IAS 36 Impairment of Assets, IAS 40 Investment Property, IAS 2 Inventories, IFRS 16 Leases) are covered in detail. When presenting the selected IFRS, the underlying concepts are covered first and their practical application is demonstrated next.

Learning outcomes

By attending this course, students obtain good knowledge about the key concepts and elements of financial reporting according to IFRS. They learn about the importance of the Conceptual Framework, on which the principles of IFRS are based. The students acquire practice-relevant knowledge in some selected areas of IFRS like revenue recognition, property, plant and equipment, intangible assets, impairment of assets, financial assets, financial liabilities and equity. After completing this course, the students have a good understanding of the scope of IFRS and the institutional infrastructure surrounding it. This course helps them to understand and critically evaluate main specifics of IFRS as well as apply IFRS recognition and measurement rules on typical situations. The students completing this course are also able to assess the benefits of IFRS as well as the accounting discretion within IFRS.

Attendance requirements

This course is a PI course with 80% attendance.

Teaching/learning method(s)

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 based on international textbooks and on the text of IFRS standards. Relevant chapters in the books and additional material will be announced throughout the course.


  Assessment is based on three exams:

  • Test 1: 10 %
  • Test 2: 45 %
  • Test 3: 45 %

Test 1 will be on March 8th, 2018, 9:00-9:20.

Test 2 will be on March 23rd, 2018, 13:00-14:00.

Test 3 will be on April 26th, 2018, 14:00-15:00.

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

Prerequisites for participation and waiting lists

This course is a PI course with 80% attendance. Students who are not present in the first unit will be deregistered and the place will be given to some other student from the waiting list.

Recommended previous knowledge and skills

The students are expected to have good knowledge of double entry bookkeeping and accounting in unconsolidated financial statements (UGB, HGB or other national accounting standards). The students are expected to have knowledge from an undergraduate financial accounting course.

Last edited: 2018-03-07