040125 KU International Financial Accounting B (MA) (2021W)
Continuous assessment of course work
Labels
REMOTE
Empfohlen werden Vorkenntnisse aus Konzernrechnungslegung und Rechnungslegung nach IFRS. Die Lehrveranstaltung wird in englischer Sprache abgehalten.Die Anmeldung erfolgt mittels Punktevergabe (beschränkte Teilnehmerzahl). Es besteht Anwesenheitspflicht.
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 13.09.2021 09:00 to Th 23.09.2021 12:00
- Registration is open from Mo 27.09.2021 09:00 to We 29.09.2021 12:00
- Deregistration possible until Fr 15.10.2021 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Compulsory attendance
- Wednesday 01.12. 09:45 - 11:15 Digital
- Wednesday 01.12. 11:30 - 13:00 Digital
- Thursday 02.12. 09:45 - 11:15 Digital
- Thursday 02.12. 11:30 - 13:00 Digital
- Thursday 02.12. 14:00 - 15:30 Digital
- Saturday 18.12. 15:00 - 19:00 Digital
- Friday 07.01. 09:45 - 16:30 Digital
- Tuesday 11.01. 09:45 - 11:15 Digital
- Tuesday 18.01. 09:45 - 11:15 Digital
- Friday 28.01. 09:45 - 16:30 Digital
Information
Aims, contents and method of the course
Assessment and permitted materials
Type of instruction
Lectures and exercises (L), case studies and seminars (S), group workshop (W), Quizzes (E)o Late submission not in time = 1 grade lower
o Plagarism = fail
o Scheme: until 49,0 % fail (grade 5); 49,5%-62,5% passed (grade 4); 63,0%-75,0% passed (grade 3), 75,5%-87,5% good (grade 2), 88,0%-100% excellent (grade 1).
Lectures and exercises (L), case studies and seminars (S), group workshop (W), Quizzes (E)o Late submission not in time = 1 grade lower
o Plagarism = fail
o Scheme: until 49,0 % fail (grade 5); 49,5%-62,5% passed (grade 4); 63,0%-75,0% passed (grade 3), 75,5%-87,5% good (grade 2), 88,0%-100% excellent (grade 1).
Minimum requirements and assessment criteria
For all parts of the examination, student attendance is compulsory.The examination consists of an online exam in the form of quizzes (E), two seminars with oral presentations and discussions of the given presentations (S1 and S2), one group workshop, and individual participation (W)Learning outcomes 1-17 are examined through one online exam of quizzes (E)
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Learning outcomes 2,7,8,9,15 and 17 are also examined through two seminars with oral presentations and discussions of the given presentations (S1 and S2), one group workshop, and individual participation (W).
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Learning outcomes 2,7,8,9,15 and 17 are also examined through two seminars with oral presentations and discussions of the given presentations (S1 and S2), one group workshop, and individual participation (W).
Examination topics
IAS/IFRS StandardsInternational Financial Reporting and Analysis, Jorissen, Ann / Britton, Anne / Alexander, David
/ Hoogendoorn, Martin / Van Mourik, Carien, latest edition, Cengage Learning, Print ISBN: 9781473766853https://www.cengage.co.uk/books/9781473766853/
/ Hoogendoorn, Martin / Van Mourik, Carien, latest edition, Cengage Learning, Print ISBN: 9781473766853https://www.cengage.co.uk/books/9781473766853/
Reading list
IAS/IFRS StandardsCompulsory course book for students who attend classes “Internationale Rechnungslegung A” and “Internationale Rechnungslegung B” is:International Financial Reporting and Analysis, Jorissen, Ann / Britton, Anne / Alexander, David
/ Hoogendoorn, Martin / Van Mourik, Carien (2020), 8th edition, Cengage Learning, Print ISBN: 9781473766853https://www.cengage.co.uk/books/9781473766853/
/ Hoogendoorn, Martin / Van Mourik, Carien (2020), 8th edition, Cengage Learning, Print ISBN: 9781473766853https://www.cengage.co.uk/books/9781473766853/
Association in the course directory
Last modified: Fr 12.05.2023 00:12
On completion of the course, the students will be able to
1. understand a business combination and how to account for it; understand the accounting for goodwill
2. be able to determine goodwill in more complex situations, such as non-controlling interests and step acquisitions
3. know how to account for disposals, both with and without loss of control, and know the requirements of IFRS 3 Business Combinations
4. outline the need for consolidated financial statements
5. prepare consolidated financial statements by IFRS Standards
6. understand and apply the mechanics of preparing consolidated financial statements
7. identify an associate and a joint venture
8. identify the need to disclose related party transactions
9. consider the mechanics of accounting for an associate and a joint venture
10. explain the requirements of IAS 24 Related Party Transactions
11. explain the requirements of IAS 28 Investments in Associates and Joint Ventures
12. explain the requirements of IFRS 11 Joint Arrangements
13. explain the necessity for foreign currency conversion and translation
14. understand the concept of functional currency and presentation currency
15. describe the IFRS Standards regulations in respect of foreign currency transactions
16. describe the IFRS Standards regulations in respect of translating foreign entities
17. explain the basics of hedging foreign currency exposure and the application of hedge accounting
18. understand specific issues as extending the net investment, translating goodwill, accounting for disposals, translating into currencies of hyperinflationary economies
19. understand the IFRS Standards disclosure requirements apply research-based literature to describe and analyze particular aspects of voluntary corporate disclosures related to own projectsJudgment and approach
The course is aimed at the student acquiring in-depth knowledge of financial accounting for multinationals. Furthermore, students will deepen their capacity for independent analysis of different financial accounting problems in an international context.