1612 Specialization in Business Administration Course I - IFRS Accounting
Univ.Prof. Dr. Zoltán Novotny-Farkas
  • LV-Typ
  • Semesterstunden
  • Unterrichtssprache
17.09.2020 bis 20.09.2020
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Bachelor
Wochentag Datum Uhrzeit Raum
Montag 05.10.2020 16:30 - 20:00 TC.2.01
Montag 12.10.2020 13:00 - 16:30 TC.0.03 WIENER STÄDTISCHE
Montag 19.10.2020 13:00 - 16:30 TC.0.03 WIENER STÄDTISCHE
Freitag 23.10.2020 09:00 - 10:30 TC.0.04
Dienstag 27.10.2020 13:00 - 16:30 D5.0.001
Montag 02.11.2020 13:00 - 16:30 TC.0.03 WIENER STÄDTISCHE
Montag 09.11.2020 13:00 - 16:30 TC.2.01
Montag 16.11.2020 09:00 - 11:00 Online-Einheit

Ablauf der LV bei eingeschränktem Campusbetrieb

Plan B:

In case of limited access to the WU campus during WS 2020/21, the course will be held in a synchronous hybrid mode. Participants will be divided into groups; the group sizes will depend on the capacity of the lecture hall(s). Each week only one group will be present in class on a rotating basis, the other group(s) can follow the course online via livestream. Students will be informed about the groupings via email on a timely basis.

The assessment will be similar to the assessment in case of unlimited access to the WU campus. There will be online quizzes, a mid-term and a final exam. The mid-term and the final exam will be held on campus.

Inhalte der LV

The course provides participants with an overview of financial accounting according to International Financial Reporting Standards (IFRS). It outlines the objectives, basic concepts and principles of IFRS. The course starts with the introduction of the International Accounting Standards Board (IASB), its structure and standard-setting process, and the Conceptual Framework for Financial Reporting, which serves as the basis for developing IFRS and sets out the concepts for the preparation and presentation of financial statements. 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 38 Intangible Assets) are covered in detail. When presenting the selected IFRS, the underlying concepts are covered first and their practical application is demonstrated next.

Lernergebnisse (Learning Outcomes)

By attending this course, students will understand the regulatory framework, objectives, key concepts and elements of financial reporting according to IFRS. They are able to utilize the Conceptual Framework to analyze financial reporting issues. Students understand the methods recognition and measurement under IFRS (e.g., fair value measurement) and the role of judgement when applying principles-based standards. After completing this course, students should understand and be able to critically evaluate main aspects of IFRS financial statements. They should be able to assess issues relating to accounting discretion and managerial reporting incentives.

Regelung zur Anwesenheit

Plan A:

In case of unlimited access to the WU campus, all classes will be held on campus.

This course is a PI course with 80% attendance.


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.

Leistung(en) für eine Beurteilung


  • Quizzes: 15 %
  • Test 1: 40 %
  • Test 2: 45 %

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

Teilnahmevoraussetzung(en) und Vergabe von Wartelistenplätzen

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.

Empfohlene inhaltliche Vorkenntnisse

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

Erreichbarkeit des/der Vortragenden

Zuletzt bearbeitet: 22.07.2020