2024 Financial Statements
Univ.Prof. Mag.Dr. Klaus Hirschler, Univ.Prof. Dr. Katrin Hummel
Contact details
  • Type
  • Weekly hours
  • Language of instruction
09/14/21 to 09/19/21
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Day Date Time Room
Thursday 11/11/21 09:00 AM - 12:30 PM TC.5.18
Tuesday 11/16/21 02:00 PM - 05:30 PM D4.0.133
Thursday 11/18/21 09:00 AM - 12:30 PM D5.1.002
Monday 11/29/21 05:00 PM - 08:30 PM Online-Einheit
Thursday 12/02/21 05:00 PM - 08:30 PM Online-Einheit
Thursday 12/09/21 05:00 PM - 08:30 PM Online-Einheit
Wednesday 12/15/21 02:00 PM - 03:30 PM Online-Einheit


The first part of this course deals with an introduction into the current state of non-financial reporting standards in Europe. For that purpose, the most common voluntary and mandatory reporting standards are covered with a particular focus on the GRI Standards and the EU Non-Financial Reporting Directive (NFRD). The other part of 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)

Learning outcomes

At the end of the course, students are able to critically reflect on the role of accounting and non-financial reporting for achieving sustainable development. Furthermore, they can assess the most commonly used voluntary and mandatory non-financial reporting standards in Europe for companies and stakeholders and apply these standards in a European setting. In addition they 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.

Attendance requirements

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.

Teaching/learning method(s)

The course consists of lectures, practical examples and discussions. The lectures are partly based on international textbooks and partly on the text of IFRS. Relevant chapters in the books and additional material will be announced and partly also provided throughout the course.

At the end of the course, students work out case studies.


The Assessment is based on:

· Two quizzes: 15 % each

· Case study (submission deadline 2021-11-26): 35%

· Final exam: 35 %

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

Recommended previous knowledge and skills

Good knowledge of bookkeeping and accounting.

Last edited: 2021-06-28