Syllabus

Titel
0458 International Accounting I - Financial Reporting
LV-Leiter/innen
Mag. Magdalena Kuntner, Dr. Barbara Schallmeiner
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    2
  • Unterrichtssprache
    Englisch
Anmeldung
26.09.2019 bis 02.10.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Bachelor
Termine
Wochentag Datum Uhrzeit Raum
Donnerstag 17.10.2019 16:00 - 20:00 D3.0.218
Donnerstag 24.10.2019 16:00 - 20:00 D3.0.218
Dienstag 29.10.2019 16:00 - 20:00 TC.4.16
Donnerstag 31.10.2019 16:00 - 20:00 TC.4.16
Donnerstag 14.11.2019 16:30 - 19:30 TC.3.07
Freitag 15.11.2019 14:00 - 17:00 D4.0.019
Freitag 29.11.2019 14:00 - 16:00 D3.0.225

Inhalte der LV

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 knowledge of selected IFRS. 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 the applicable IFRS 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 2 "Inventories") are covered in detail. When presenting the selected IFRS, the underlying concepts are covered first and their practical application is demonstrated in examples.

Lernergebnisse (Learning Outcomes)

By attending this course, students obtain good knowledge about the key concepts and elements of financial reporting according to IFRS. The students acquire practice-relevant knowledge in some selected areas of IFRS like property, plant and equipment and inventories. 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.

Regelung zur Anwesenheit

This course is a PI course with mandatory attendance.

All students must attend the first class!

Lehr-/Lerndesign

The course consists of lectures, practical examples and class discussions and a final exam. They serve to explain the key concepts of IFRS and their application in practice. The lectures are based on the text of IFRS standards. Relevant additional material will be announced throughout the course.

At the end of the introductory lesson, examples on the accounting topics which are covered in class will be assigned to the students. In groups, the students will work on solutions for the examples and present those solutions in class at a later date. 

Basic knowledge of accounting is recommended in order to be able to participate in the Course.

Leistung(en) für eine Beurteilung

Assessment is based on

  • active participation (10 %),
  • presentations of examples (45 %) and
  • the final exam (45 %).

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

presentation of examples: Thursday, November 14th, 2019, 16:30-19:30 and Friday, November 15th, 2019, 14:00-17:00

final exam: Friday, November 29th, 2019, 14:00-16:00

Literatur

1 Autor/in: Picker et al.
Titel:

Applying International Financial Reporting Standards


Verlag: Wiley
Auflage: 4
Jahr: 2016
2 Autor/in: Ernst & Young (ed.)
Titel:

International GAAP 2019, Generally Accepted Accounting Practice under IFRS, Vol. 1-3


Verlag: Wiley
Jahr: 2019
3 Autor/in: Lüdenbach/Christian
Titel:

IFRS Essentials


Verlag: Wiley
Jahr: 2013
4 Autor/in: Nobes/Parker
Titel:

Comparative International Accounting


Verlag: Pearson
Auflage: 13
Jahr: 2016
5 Autor/in: KPMG (ed.)
Titel:

Insights into IFRS


Verlag: Sweet & Maxwell
Auflage: 15
Jahr: 2018
6 Autor/in: Stolowy/Lebas/Ding
Titel:

Financial Accounting and Reporting – A Global Perspective


Verlag: Cengage Learning EMEA
Auflage: 5
Jahr: 2017
7 Autor/in: Wiley (ed.)
Titel:

IFRS 2019: English and German edition of the official standards approved by the EU


Verlag: Wiley
Jahr: 2019
8 Autor/in: Pwc (ed.)
Titel:

Manual of accounting, IFRS 2019 – Volume 1+2


Verlag: Bloomsbury
Jahr: 2019

Teilnahmevoraussetzung(en) und Vergabe von Wartelistenplätzen

For participants of the Cross-Functional Management Program, WU incoming exchange students and BBE-students (free elective).

If you have questions concerning enrolment and waiting lists, please contact the CFM-Coordinator at cfm@wu.ac.at. When organizing the waiting list, CFM students with greater academic progress (“Studienfortschritt”) will be prioritized.

All students must attend the first class!

 

Empfohlene inhaltliche Vorkenntnisse

Basic knowledge of accounting is recommended in order to be able to participate in the Course.

Erreichbarkeit des/der Vortragenden

Zuletzt bearbeitet: 13.09.2019



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