In the winter term 2020/2021, this course will be held online. However, the final exam will be held on the WU Campus (if possible).

The course provides participants with detailed knowledge of corporate reporting under International Financial Reporting Standards (IFRS). It focusses on the application of selected IFRS. An overview of applicable standards is provided and selected standards (IAS 7, IAS 32, IAS 37, IFRS 9, IFRS 13, IFRS 15, IFRS 16) are covered in more detail. When presenting the selected IFRS, the underlying theoretical concepts are covered before demonstrating their practical application.

By attending the course, the participants obtain deepened knowledge about financial reporting under IFRS. They acquire practice-relevant knowledge in selected areas of IFRS like revenue recognition and financial instruments. The course helps them to understand and critically evaluate selected IFRS as well as to apply IFRS recognition and measurement rules.

This course is a PI course with 80% attendance. Attendance is mandatory and will be checked on a regular Basis.

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

· Homework: 30 %

· Quizzes: 30 %

· Final exam: 40 %

In order to pass the course, students are required to achieve more than 50 % of the total reachable points. The detailled grading scheme is the following:

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 on the waiting list.

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.

Having passed AMC III prior to the course is not required, however, strongly recommended. Otherwise, it might be necessary to independently study required fundamentals such as (e.g.) cashflow statements or financial ratios during the Course.