040657 KU Internationale Rechnungslegung A (MA) (2023S)

Information
Ziele, Inhalte und Methode der Lehrveranstaltung
Aims:
This course focuses on knowledge of accounting and reporting for international financial reports of listed companies by introducing students to International Financial Reporting Standards (IFRS) at an intermediate level. First, students acquire in-depth knowledge of financial accounting standards for listed companies. Then, students will deepen their capacity for independent analysis of different financial accounting problems in an international context for a practical company listed in the EU, such as Stratec Se, METRO AG, Salzgitter AG, Westwing, and Bawag, to name a few of them.

Lecture content:
1. Overview Class and IAS Introduction
2. Framework and IAS 1 Presentation of Financial Statements
3. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
4. FRS 1 First-time Adoption of International Financial Reporting Standards
5. IFRS 15 Revenue from Contracts with Customers
6. IAS 36 Impairment of Assets
7. IFRS 13 Fair Value Measurement

Workshop content:
Outline and understanding, work-in-progress: questions for Seminar 1 and Seminar 2

Seminar 1:
In Seminar 1, students of a group are required to prepare a presentation addressing an International Standard (IAS or IFRS) that they have chosen to outline the current main parts of it and show - in the form of calculation examples/cases - how to use the standard.

List of IFRS/IAS Standards for Group Assignment – Part A

1 IFRS 2 Share-based payment

2 IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

3 IFRS 8 Operating Segments

4 IFRS 9 Financial Instruments

5 IFRS 14 Regulatory Deferral Accounts

7 IFRS 16 Leases

8 IAS 2 Inventories

9 IAS 7 Statement of Cash Flows

10 IAS 10 Events after the Reporting Period

11 IAS 12 Income Taxes

12 IAS 16 Property, Plant and Equipment

13 IAS 19 Employee Benefits

14 IAS 23 Borrowing Costs

15 IAS 37 Provisions, Contingent Liabilities and Contingent Assets

16 IAS 38 Intangible Assets

17 IAS 40 Investment Property

Seminar 2:
In Seminar 2 students of a group are required to analyze a company's annual report based on IFRS and research into, and evaluate (i.e. calculation, disclosure & presentation) the application of international accounting standards. Each practical company case needs to be listed on a stock market in the EU. Examples are Stratec Se, METRO AG, Salzgitter AG, Westwing, and Bawag, to name a few of them.

Discussions:
Each participant of a group needs to act as a discussant.