Syllabus
Registration via LPIS
Day | Date | Time | Room |
---|---|---|---|
Thursday | 10/08/20 | 04:00 PM - 08:00 PM | Online-Einheit |
Friday | 10/09/20 | 01:00 PM - 05:00 PM | Online-Einheit |
Thursday | 10/15/20 | 04:00 PM - 08:00 PM | Online-Einheit |
Friday | 10/16/20 | 01:00 PM - 05:00 PM | Online-Einheit |
Friday | 11/13/20 | 01:30 PM - 04:30 PM | Online-Einheit |
Monday | 11/16/20 | 04:00 PM - 07:00 PM | Online-Einheit |
Friday | 11/27/20 | 01:00 PM - 03:00 PM | Online-Einheit |
On this page:
- Contact details
- Procedure for the course when limited activity on campus
- Contents
- Learning outcomes
- Attendance requirements
- Teaching/learning method(s)
- Assessment
- Prerequisites for participation and waiting lists
- Recommended previous knowledge and skills
- Availability of lecturer(s)
- Readings
- Unit details
The cours will be held in a distance-learning format in any case.
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.
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.
Since the course is held in a distance-learning-format, there are no attendance requirements.
The course consists of lectures, practical examples and discussions (via MS Teams) and a remote-take-home-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.
Basic knowledge of accounting is recommended in order to be able to participate in the Course.
The learning materials are available via LEARN. Students work through these materials via self-study.
We will be available for questions and discussion (via MS Teams) regarding the course topics at the following dates:
Topic | Date |
Introduction
|
October 8th 2020, 16:00 |
IAS 2 + IAS 16 |
October 9th 2020, 13:00 and November 13th 2020, 13:30 |
IAS 36 + IAS 1 + IAS 40 |
October 16th 2020, 13:00 and November 16th 2020, 13:00 |
Each student will receive 2 mini-case studies covering 2 of the accounting topics via LEARN. The task will be to develop the solution and prepare it in a comprehensible way. The submission of the solutions is administered via LEARN.
Assessment is based on
- solution mini case study 1 (30 %),
- solution mini case study 2 (30 %) and
- remote-take-home-exam (40 %).
In order to pass the course, students are required to achieve more than 50 % of the total reachable points.
The deadline for transmission of the solutions of the mini-case studies (via LEARN) is: November 20th, 2020.
Exam: November 27th, 2020 via remote take-home exams (timeframe: 24 hours; working time: 80 minutes; administered via LEARN)
For participants of the Cross-Functional Management Program and WU incoming exchange students.
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!
Basic knowledge of accounting is recommended in order to be able to participate in the Course.
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