Universität Wien

041006 KU International Financial Accounting A (MA) (2023W)

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

Empfohlen werden Vorkenntnisse aus "Konzernrechnungslegung" und "Rechnungslegung nach IFRS (I)".
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

Monday 02.10. 09:45 - 11:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday 02.10. 11:30 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 03.10. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 03.10. 11:30 - 13:00 Hörsaal 2 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 03.10. 13:15 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Monday 09.10. 09:45 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday 10.10. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday 10.10. 13:15 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Tuesday 17.10. 09:45 - 14:45 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
Tuesday 17.10. 15:00 - 18:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
Friday 10.11. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
Friday 24.11. 09:45 - 18:45 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 27.11. 09:45 - 14:05 Digital

Information

Aims, contents and method of the course

Note: Students should attend the International Financial Accounting classes in the following order.
KU International Financial Accounting A (MA)
KU International Financial Accounting B (MA)
KU Advanced IFRS Reporting and Calculations I (MA)

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.

Lecture content:
1. Introduction to the course and requirements
2. Introduction to IFRS: standard setting process, composition of IFRS, its use, orientation in IFRS, correct terminology
3. Conceptual framework, IAS 1 - main requirements, working out the statements (SoFP, SoPLOCI, SoCiE)
4. Statement of cash flows, working out the statement
5. IAS 8 + examples; IAS 10
6. Overview of different standards and distinction, IAS 16 PPE
7. Impairment of assets (IAS 36)
8. Intangible assets (IAS 38) and Investment property (IAS 40)
9. Inventories (IAS 2)
10. Income Taxes (IAS 12)
11. Provisions (IAS 37)
12. Revenue from contracts with customers (IFRS 15)

Group Work Assignment Part A (homework – case studies):
In Group Work Assignment Part A students are required to carry out the adjustment of journal entries, prepare a statement of financial positions and a statement of total comprehensive income as well as write a report summarizing the adjustments, providing the rationale behind them and referencing the appropriate IFRS rules.

Group Work Assignment Part B (Seminar 1):
In Seminar 1 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.

Group Workshop:
Outline and understanding, work-in-progress of Group Assignment Part B (Seminar 1).

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

Assessment and permitted materials

Type of instruction
Lectures and exercises (L), homework (H), seminar (S), group workshop (W), Calculations and quizzes (E)
o Late submission not in time = 1 grade lower
o Plagiarism = fail
o Scheme: until 49,5% fail (grade 5); 50,0%-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).

The use of AI tools (e.g. ChatGPT) for the production of texts is only permitted if they are expressly requested by the course leader (e.g. for individual work tasks).

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 different elements: Group Work Assignment A (homework - case studies) and Group work Assignment B (Seminar 1), Group Workshop (W), Calculations and Quizzes (E)

Examination topics

IAS/IFRS Standards
Compulsory course book for students who attend classes “Internationale Rechnungslegung A” and “Internationale Rechnungslegung B”and „ KU Advanced IFRS Reporting and Calculations I (MA)“ is: International Financial Reporting and Analysis, David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, Collette Kirwan, Petra Inwinkl, Giovanna Michelon (2023), 9th edition, Cengage Learning, Print ISBN: 9781473786875
https://www.cengage.uk/c/international-financial-reporting-and-analysis-9e-alexander-jorissen-hoogendoorn-van-mourik-kirwan-inwinkl-michelon/9781473786820/

Reading list

IAS/IFRS Standards
Compulsory course book for students who attend classes “Internationale Rechnungslegung A” and “Internationale Rechnungslegung B”and „ KU Advanced IFRS Reporting and Calculations I (MA)“ is: International Financial Reporting and Analysis, David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, Collette Kirwan, Petra Inwinkl, Giovanna Michelon (2023), 9th edition, Cengage Learning, Print ISBN: 9781473786875
https://www.cengage.uk/c/international-financial-reporting-and-analysis-9e-alexander-jorissen-hoogendoorn-van-mourik-kirwan-inwinkl-michelon/9781473786820/

Association in the course directory

Last modified: Tu 19.12.2023 00:01