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 19, 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.

The course requires 80% attendance (applicaable no matter the manner of delivery) . The course is currently planned for in-person teaching and will only switch to online mode if required by regulations.

The course covers lectures, practical examples and discussions.

The course sessions are held in person if possible or via MS Teams, and contain a primer into the respective topic of the standards covered; discussions are especially encouraged. Following each (online) session, students are asked to deepen their knowledge via the resources provided (slides, examples, standards, further readings). Questions can be asked to the lecturer via mail or the forum function on Learn@WU. At the beginning of the next session, a short (online) MC quiz tests the students' knowledge on the previous class's material.

The homework and final exam both cover all relevant standards discussed in this course so far.

Assessment is based on:

· 4 Quizzes each worth 10%; only the best three quizzes count

· Homework: 35%

· Final exam: 35%

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

The first 60 students registering for the course via the WU's IT system may participate. Up to the first quiz, deregistration is possible (via mail).

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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.