Universität Wien

040658 UK Accounting according to IFRS (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

previsous knowledge in Accounting ("Bilanzierung" - Financial Accounting for Advanced Students) and Private Law ("Privatrecht") is expected.
Moodle

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).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Thursday 08.10. 09:45 - 11:15 Hybride Lehre
    Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 08.10. 11:30 - 13:00 Hybride Lehre
  • Thursday 15.10. 09:45 - 13:00 Hybride Lehre
    Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 22.10. 09:45 - 11:15 Hybride Lehre
    Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 22.10. 11:30 - 13:00 Hybride Lehre
  • Thursday 29.10. 09:45 - 13:00 Hybride Lehre
    Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 19.11. 09:45 - 13:00 Digital
  • Thursday 26.11. 09:45 - 11:15 Digital
  • Thursday 10.12. 09:45 - 13:00 Digital
  • Thursday 17.12. 14:00 - 15:00 Digital
  • Thursday 17.12. 16:30 - 17:00 Digital
  • Thursday 14.01. 14:00 - 15:00 Digital

Information

Aims, contents and method of the course

The course will provide participants with a basic knowledge of accounting and reporting according to International Financial Reporting Standards (IFRS). It will focus on the structure of the IASB, the Conceptual Framework and selected standards (IAS 1, 2, 16, 19, 36, 37 und 38, IFRS 9, 15 und 16) The accounting requirements will be complemented by introducing the IT and reporting system requirements as well as highlighting the internal and external auditing requirements. The more recent initiatives around non-financial information will be addressed.

• Accounting & Controlling Systems: Purpose & Goals, Set-up, Reporting Requirements, Review and Monitoring,
• International Accounting Standards: Overview of selected IFRS with an introduction to other standards and a high-Level Comparison to Austrian GAAP
• Auditing: Internal & External Auditing, Structure and Use
• Reporting of non-financial information

The course consists of lectures, home assignments, short presentations by students. The lectures serve to explain the key concepts of the subject matters and their application in practice and are supplemented by the Home Assignments which will introduce the format and style of questions to be expected at the interim and final exam. For each of the classes from week 2 to 5 and 7 some (depending on the number of) students will be asked to prepare and hand in approx. 5 topics / questions no later than the evening of the day before class and should be prepared to share their research in class.

Assessment and permitted materials

Each student (or small groups) will be assigned a topic to prepare a paper of approx. 3-5 pages and to be shared in class with other students for a duration of approx. 5-10 minutes. The paper and the pre-final presentation slides or texts will have to be submitted to the instructor in order to have a final review. Each student will get to challenge at least one, more likely two other papers and presentations.

It is expected that students actively engage during class.

Minimum requirements and assessment criteria

Because of the COVID-19 limitations, the course may have to be held
- on-line only. In this case a short (technical) introduction will be held prior to October 8 and the final exam will be split into preparing a paper of approx. 3 pages (15%) and an oral on-line exam (20%) or as
- split sessions with approx. half of the students attending the classes in person and half from home / on-line. Of course, the presenters should be attending in class if possible at all. A decision on the interim and final exam format will be made as the course progresses and the restrictions (if any) become known.

Weight of grades

• 20% (200 points) Interim Exam on IFRS (on 19 November 2020) (which may have to be held as an on-line test)
• 15% (150 points) Home assignments and Course participation
• 15% (150 points) on the first Paper
• 15% (150 points) Presentation and Challenges
• 35% (350 points) Final Exam (on 21 January 2021) (or 15% second paper, 20% oral on-line exam)

On each of the examinations (interim, presentation, final) a minimum score of 25% of the possible points is required to pass the course.

Overall, a 75%weighted attendance is required to obtain a passing grade.
 
0 - 50%: 5
51% - 63%: 4
64% - 77%: 3
78% - 90%: 2
91% - 100%: 1

Examination topics

All slides, presentations and lecture content will be tested and graded. Sections of the text book will be exempted (indicated as non-core on the course slides).
The tests will include theoretical questions and cases as well as examples of accounting entries and calculations.

Reading list

The lecture slides together with the (student) presentation slides will be a key source. In addition, text books on IFRS and on auditing and high-level literature regarding accounting and controlling systems, international taxation and governance matters will be introduced as supplementary reading and learning materials.
The course will be based on an English language text book (tbd).
Further course literature and materials will be announced in due course.

Association in the course directory

Last modified: Fr 12.05.2023 00:12