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 non-consolidated 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 is a PI course, meaning that 80% attendance of the units is required. This includes teaching units and external workshops, but not the final exam. The same compulsory attendance rules apply to online units if a change to distance learning is required.

For on-campus units and workshops, attendance is checked using an attendance list. Please note that it is your responsibility to sign the list, and subsequent entries are not permitted. For online units, attendance will be verified via the attendance report in MS Teams. No further action is required on your part.

Students who do not meet the attendance requirement will not be allowed to pass the course. Please bear in mind that it is not possible to make up for unexcused absences.

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.

In addition, there is an external workshop in which a case study is developed in groups.

The assessment is based on:

• (Mini/Midterm)quizzes & participation in class: 35 % 
• Case study: 20 % (external workshop)
• Final exam: 45 %

Further information regarding the components and the external workshop will be published in the learning materials and on Canvas.

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 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.

Please log in with your WU account to use all functionalities of read!t. For off-campus access to our licensed electronic resources, remember to activate your VPN connection connection. In case you encounter any technical problems or have questions regarding read!t, please feel free to contact the library at readinglists@wu.ac.at.

Good knowledge of bookkeeping and accounting according to national accounting standards (UGB, HGB or other national accounting standards). In addition, good knowledge of non-consolidated accounting according to IFRS as acquired in previous SBWL courses.

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