103-001-IO3 Applied IFRS
Study program: | International Finance (M.Sc.) |
Academic level and semester: | Master, 1st semester |
ECTS credits/workload per semester: | 2 / 50 |
Contact hours per week/contact hours per semester: | 2 / 25 |
Type/Teaching method: | Lecture |
| Language of instruction: | English |
Frequency: | Winter semester |
Lecturer: | Marco Koch |
Content: | 1. Concept of International Accounting: Capital market based history of US GAAP and IFRS, Standard setting bodies, Framework of international accounting (objective basic principles, Elements of F/S, Accounting policies, Subsequent events), 2. Presentation and disclosure of financial statements: Balance sheet, Income statement, Statement of changes in Eequity, Statement of cash flows , Notes to the financial statements (incl. Segment reporting), Interim financial reporting, Related Parties disclosures, 3. Recognition, measurement and valuation of financial statement positions 10 Modul 103-001 (Version1) Tangible assets (PPE, impairment, investment property, leases, non-current assets held for sale, discontinued operations) Goodwill and Intangible assets (R&D) Financial assets (business combinations, associates, joint ventures, financial instruments) Inventories, construction contracts, revenue recognition (POC method etc.) Cash Provisions, contingent liabilities Employee benefits, stock compensation Income taxes (incl. Deferred taxes) Earnings per share, 4. Conversion process of a company to international GAAP (first time adoption of IFRS / USGAAP), 5. The audit approach of an international accounting firm, 6. The impact of Sarbanes Oxley and Corporate Governance on international accounting and auditing, 7. Summary: IFRS / US-GAAP comparison, 8. Recent developments ( i.e. analysis of financial statement restatements, international accounting for SME, development of IFRS / US GAAP) |
Textbooks: | Wiley (Wiley VCH Verlag GmbH & Co. KGaA, (2020): International Financial Reporting Standards (IFRS) 2019: English & German edition of the official standards approved by the EU (paperback)Ernst & Young (Ernst & Young von John Wiley & Sons): International GAAP: Generally Accepted Accounting Practice under International Financial Reporting Standards (IFRS). 2020 (paperback) |
Recommended for: | Undergraduates, graduates |
Prerequisites: | Background in Business/Economics, Finance and Accounting (intermediate level) |
Restrictions: | None |
Assessment: | Written exam |