In case of limited access to the WU campus during WS 2020/21, the course will be held in a distance mode including performance assessment. All students can follow the course sessions online via livestream.

The assessment will be similar to the assessment in case of unlimited access to the WU campus. There will be two online quizzes and a final exam via learn@wu.

Generally, this course is a PI course with 80% attendance. However, due to the special situation, there will not be mandatory attendance in case of limited access to the WU.

This course deals with the economic and technical fundamentals of consolidated financial statements and their accounting implications from the perspective of IFRS. The relevant accounting standards covered include IFRS 3 (business combinations), IFRS 10 (consolidated financial statements), IFRS 11 (joint arrangements) and IAS 28 (investments in associates and joint ventures). Furthermore, topics such as currency translation (IAS 21), related party disclosures (IAS 24) or accounting for discontinued operations (IFRS 5) are discussed.

At the end of the course, students are able to assess the relevance of consolidated financial statements for corporate practice and the effects of business combinations on nonconsolidated as well as on consolidated financial statements. Furthermore, they can draw up such consolidated financial statements by making the basic assessments required and performing the necessary calculations. Finally, they are able to deal with the requirements of related accounting standards that are of special relevance for (international) groups.

This course is a PI course with 80% attendance. Students that do not meet this limit for attendance will not be allowed to pass the course.

Good knowledge of bookkeeping and accounting.