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 disclosures in interests in other entities (IFRS 12), 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 in the units (= teaching units and not the quizzes & final exam). Compulsory attendance applies for our on-campus units and for (possible) online units if a change to distance learning is required. For the on-campus units, attendance is checked by means of an attendance list. Please note that it is your responsibility to sign the list and that it is not possible to make a subsequent entry in the list. In the case of online units, we will verify your attendance via the attendance report in MS Teams. No further action is required on your part here.

Students who do not meet this limit for attendance will not be allowed to pass the course. Please keep in mind that there is no possibility to compensate for unexcused absences.

The presentation of the case studies will take place in the last unit (= external unit), here we especially recommend you to be present.

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 prepare case studies, as well as present and discuss them with partners from corporate practice. Further information on these business partnerships will be announced at the beginning of the course.

The assessment is based on:

• Two quizzes: 15 % each (online units)
• Case study: 25 %
• Final exam: 45 %

In order to pass the course, students are required to fulfil the attendance requirements and achieve more than 50 % of the total reachable points. The detailed grading scheme will be published in the gradebook on MyLearn.

The first 60 students registering for the course via the WU's IT system may participate. A deregistration from the course is only possible within the official deadlines via LPIS.

Good knowledge of bookkeeping and accounting under national reporting standards (UGB, HGB or other national reporting standards). Furthermore, good knowledge of nonconsolidated accounting under IFRS as obtained in the SBWL’s previous courses.

If you have a question regarding the course you can use the forum or contact the lecturers via e-mail.