International Accounting

• Introduction to group accounting • Legal framework of international accounting • Structure of IASB and the application of IFRS • Basic principles of IFRS accounting • Components of IFRS financial statements • Valuation of tangible assets • Valuation of intangible assets • Valuation of financial instruments • Valuation of current assets • Valuation of provisions • Tax accounting

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Lüdenbach/Christian (2015): IFRS Essentials, Herne, NWB Verlag (3rd edition): BEWE Doralt (Hrsg.)(2020): Kodex Internationale Rechnungslegung IAS/IFRS, Wien: Linde (dzt. 23. Auflage): BEWU

Planned learning activities and teaching methods

Lecture, discussions, quizzes

Assessment methods and criteria

Continuous assessment: 30 points can be obtained through participation in class (mini tests, homework, online quizzes) and 70 points through a written final exam.

Prerequisites and co-requisites

Financial Accounting and Financial Statement Analysis, Financial Management and Investment Decisions, Cost Accounting and Budgeting

Infos

Degree programme

European Economy and Business Management (English)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2022

Semester

5 WS

Incoming

No

Learning outcome

On successful completion of this class, students can • differentiate between the aims of single and group accounts • explain relevant aspects of the European framework of international accounting • explain the basic concepts of international accounting • apply the main IFRS accounting principles to given examples • participate in the preparation of (consolidated) financial statements using IFRS • analyse the main parts of IFRS annual reports. The learning outcomes of this course contribute mainly to the following (international) programme learning outcomes: LO 1.1./ ILO 1 LO 3.2

Course code

1389-20-01-VZ-DE-50