Group Accounting and IFRS
Consolidated companies; Capital consolidation, consolidation of debts, consolidation of expenses and income, elimination of intercompany profit and loss; Full consolidation, proportionial consolidation and at-equity consolidation; Differences between balance sheets according to UGB (Austrian Commercial Code) and IFRS; Specifics of balance sheets according to IFRS: valuation criteria, cash flow statement, statement of changes in equity, segment information reporting, notes; Framework for the preparation of an annual statement according to IFRS; IAS regulations for the valuation of balance sheet positions and P&L positions
Banking and Finance (engl.)
Language of instruction
After the successful completion of this course the students will be able to explain the principles of consolidated accounting according to UGB and IFRS. They will also be able to independently prepare consolidated financial statements in the context of case studies and to read and interpret consolidated statements.