040125 KU International Financial Accounting B (MA) (2023S)
Continuous assessment of course work
Labels
MIXED
Empfohlen werden Vorkenntnisse aus Rechnungslegung und Wirtschaftsrecht. Die Lehrveranstaltung wird in englischer Sprache abgehalten. Die Kenntnis der österreichischen Bilanzierungsvorschriften sowohl für den Einzel- als auch für den Konzernabschluss wird vorausgesetzt.
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 13.02.2023 09:00 to We 22.02.2023 12:00
- Registration is open from Mo 27.02.2023 09:00 to Tu 28.02.2023 12:00
- Deregistration possible until Fr 17.03.2023 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Attendance is compulsory for this course! Non-attendance at the first course date leads to a deregistration from the course.
Tuesday
02.05.
08:00 - 09:30
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
02.05.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
09.05.
08:00 - 09:30
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday
09.05.
09:45 - 11:15
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Monday
15.05.
09:00 - 12:00
Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
16.05.
13:15 - 14:45
Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
23.05.
09:45 - 11:15
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Friday
09.06.
09:45 - 16:30
Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Friday
16.06.
09:45 - 16:30
Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Friday
23.06.
09:45 - 11:15
Digital
Thursday
29.06.
15:00 - 16:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
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), participation (P)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), participation (P)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. Unexcused non-attendance in the first course session will result in a deregistration from the course.The examination consists of an exam in the form of quizzes and calculations (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 quizzes and calculations (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: Th 11.05.2023 11:27
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.