Syllabus

Titel
5028 S22 Introduction to IFRS
LV-Leiter/innen
Verena Nitschinger, MSc (WU), Univ.Prof. Dr. Zoltán Novotny-Farkas
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    2
  • Unterrichtssprache
    Englisch
Anmeldung
06.02.2019 bis 24.02.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Master
Termine
Wochentag Datum Uhrzeit Raum
Donnerstag 09.05.2019 09:00 - 12:30 TC.5.03
Donnerstag 16.05.2019 09:00 - 12:30 TC.5.03
Donnerstag 23.05.2019 09:00 - 12:30 TC.5.03
Dienstag 28.05.2019 10:00 - 12:00 TC.0.10 Audimax
Freitag 31.05.2019 09:00 - 12:30 TC.2.03
Donnerstag 06.06.2019 09:00 - 12:30 TC.5.03
Dienstag 11.06.2019 13:30 - 17:00 EA.0.024 Foyer
Montag 24.06.2019 12:00 - 14:30 LC.0.100 Festsaal 1

Inhalte der LV

The course provides participants with an overview of corporate financial reporting under International Financial Reporting Standards (IFRS) and a deeper knowledge of selected IFRS standards. The course will introduce the International Accounting Standards Board (IASB) and its conceptual framework. It will explain the legal framework for the application of IFRS (e.g., IAS Regulation, Stock Exchange Regulations) and discuss the impact of accounting harmonization on accounting and reporting practices around the world. An overview of all applicable standards will be provided with some standards covered in more detail. For example, the course thoroughly presents accounting issues related to property, plant and equipment (IAS 16), revenue recognition (IFRS 15), fair value measurement (IFRS 13), non-financial liabilities (IAS 37), leasing (IFRS 16) and financial instruments (IFRS 9). Accounting for investments and group accounting, however, will be covered in more detail in another course (Advanced Topics in IFRS).

Lernergebnisse (Learning Outcomes)

By attending this course, students obtain thorough knowledge about the key concepts and elements of corporate reporting under IFRS. After completing this course, the students have a good understanding of the scope and legal environment of IFRS. They learn about the preparation and structure of IFRS financial statements and notes. This course helps them to understand and critically evaluate IFRS financial statements as well as apply IFRS recognition and measurement rules. The students completing this course are also able to assess the benefits of IFRS as well as the accounting discretion within IFRS, follow practical and political developments in the international financial reporting and formulate their own opinions, and know the relevant institutions and stakeholders and how they interact.

Regelung zur Anwesenheit

This course is a PI course with 80% attendance.

Lehr-/Lerndesign

The course consists of lectures, practical exercises and discussions. They serve to explain the key concepts of IFRS and their application in practice. The lectures are partly based on an international textbook and partly the text of IFRS standards and other reading material. Relevant chapters and additional material will be announced throughout the course. The homepages of the IASB and others will serve as a source for identifying the most current IFRS-related issues

Leistung(en) für eine Beurteilung

  • 40% Interim test
  • 15% Quizzes
  • 45% Final exam

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

Literatur

1 Autor/in: David Alexander, Anne Britton, Ann Jorissen, Martin Hoogendoorn and Carien van Mourik
Titel:

International Financial Reporting and Analysis


Verlag: Cengage Learning EMEA
Auflage: 7th
Jahr: 2017
Empfehlung: Stark empfohlen (aber nicht absolute Kaufnotwendigkeit)

Empfohlene inhaltliche Vorkenntnisse

Good knowledge of bookkeeping and accounting in unconsolidated financial statements (under any national accounting standards) and basic consolidation principles. The students are expected to have previously acquired knowledge from an undergraduate accounting course and a basic accounting course at master level.

Zuletzt bearbeitet: 16.05.2019



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