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Root number
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26670 |
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Semester
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FS2024 |
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Type of course
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Lecture |
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Allocation to subject
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Business Administration |
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Type of exam
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not defined |
| Title |
International Financial Reporting Standards (IFRS) |
| Description |
The International Financial Reporting Standards are the most widely used financial reporting standards globally, having been adopted by more than 160 countries around the world. An understanding of IFRS standards is therefore paramount for all those involved in financial reporting (e.g. financial analysts, controllers, accountants, investors, bankers). The aim of this course is to introduce students to financial reporting requirements under IFRS and explain core concepts of the standards. It also helps students to develop their technical knowledge and skills in understanding and applying IFRS standards, using practical application examples and insights from practice. Students will obtain an in-depth understanding of current financial accounting practices and further develop their conceptual knowledge of financial accounting.
The course begins with the institutional setting of international accounting and the Conceptual Framework for Financial Reporting. It then moves into a detailed examination of separate IFRS standards, covering important topics such as revenue recognition, inventory accounting and intangible assets. Whereas these topics are examined as separate modules in the beginning of the course, their interrelations will be more strongly highlighted as the course progresses.
The course will take place in person and consists of 13 sessions. Class sessions will include lectures, interactive class discussions of related topics, exercise sets and other activities. Lectures focus on the transfer of technical knowledge and explaining the IFRS standards in-depth. Real-world examples and academic insights are also used throughout the course to highlight new trends and to critically reflect on the accounting treatments currently proposed by the IASB. There is a strong emphasis in this course on class participation. Readings will be assigned for students to have completed prior to each session and students are expected to contribute actively during these sessions. Class participation is a means of advancing students’ critical thinking skills and fostering active learning. Exercise sets focus on the application of knowledge within an accounting or business context. A variety of different exercises allows students to demonstrate their technical skills in accounting for transactions according to IFRS standards. Students will also be delivering an oral presentation of assignments in class to demonstrate their communication and problem-solving abilities in an accounting setting.
Overall, this course will not only help students to master technical knowledge of IFRS, but also improve their critical thinking and communication skills that are essential for career success in accounting and finance. |
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ILIAS-Link (Learning resource for course)
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No registration/deregistration in CTS (Admission in ILIAS possible).
ILIAS
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Link to another web site
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| Lecturers |
Dr.
Dominique Corinna Wasna, Teaching Staff, Faculty of Business, Economics and Social Sciences ✉
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ECTS
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4.5 |
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Recognition as optional course possible
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No |
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Grading
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1 to 6 |
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| Dates |
Friday 14:15-17:00 Weekly
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Wednesday 5/6/2024 15:00-16:45
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Wednesday 11/9/2024 15:00-16:45
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| Rooms |
Seminarraum 111, Engehalde, E8
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| External rooms |
Engehalde, E8 - Hörsaal 1 (001)
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Engehalde, E8 - Hörsaal 2 (002)
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| Students please consult the detailed view for complete information on dates, rooms and planned podcasts. |
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