Universität Wien

041006 KU Building Block: International Financial Accounting I (MA) (2024W)

Principles of International Financial Accounting

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

Empfohlen werden Vorkenntnisse aus "Konzernrechnungslegung" und "Rechnungslegung nach IFRS (I)".
Die Anmeldung erfolgt mittels Punktevergabe (beschränkte Teilnehmerzahl). Es besteht Anwesenheitspflicht.
Moodle
Tu 26.11. 08:00-16:30 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock

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

  • Tuesday 01.10. 09:45 - 11:15 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 02.10. 11:30 - 13:00 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 02.10. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 09.10. 09:45 - 11:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 09.10. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 10.10. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 10.10. 13:15 - 14:45 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 15.10. 08:00 - 11:15 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 16.10. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 16.10. 13:15 - 14:45 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 04.11. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 12.11. 08:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 18.11. 09:45 - 13:00 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

Note: Students should attend the International Financial Accounting classes in the following order.
KU Building Block International Financial Accounting and Reporting I (MA)
KU Building Block International Financial Accounting and Reporting II (MA)
KU Building Block International Financial Accounting and Reporting III (MA)

Aims:
This course focuses on knowledge of accounting and reporting for international financial reports of listed companies by introducing students to International Financial Accounting Standards (IAS) and 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. Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8) and Events after the Reporting Period (IAS 10)
6. Overview of different standards and distinction and Property, Plant and Equipment (IAS 16)
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

Students are expected to attend all lectures and group presentations. If you are missing the first unit, you will be automatically deregistered from the course.

Grades will rely on the following scale:
• 1 ≥ 88%
• 2 ≥ 75,5%
• 3 ≥ 63%
• 4 ≥ 50%
• < 49,5%: 5 (fail)
o Late submission not in time = 1 grade lower
o Plagarism = fail

Students achieving less than 50% of the points will fail the course and must repeat the course (they must register the usual way the next time the course is offered).

Examination topics

IAS/IFRS Standards
Compulsory course book for students who attend classes “KU Building Block International Financial Accounting and Reporting I” and “KU Building Block International Financial Accounting and Reporting II” and „KU Building Block International Financial Accounting and Reporting III (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 “KU Building Block International Financial Accounting and Reporting I” and “KU Building Block International Financial Accounting and Reporting II” and „KU Building Block International Financial Accounting and Reporting III (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: Mo 09.09.2024 21:25