Modulhandbuch (Module manual)

M.184.2265 Current Issues in IFRS Accounting
(Current Issues in IFRS Accounting)
Unterrichtssprache (teaching language): English
Koordinator (coordinator): Flagmeier, Vanessa
Lehr- und Forschungseinheit (teaching unit): K.184.22651 Current Issues in IFRS Accounting
Auskünfte (information): Flagmeier, Vanessa (vanessa.flagmeier@uni-paderborn.de)
Credits/ ECTS: 5
Zeitmodus (semester): Sommersemester (summer semester)
Kurzbeschreibung (short description):
Within the seminar we present and discuss a few advanced topics in financial reporting under International Financial Reporting Standards (IFRS). The selected topics include recently developed accounting standards (e.g. IFRS 3 – Business Combinations, IFRS 9 – Financial Instruments, IFRS 13 – Fair Value Measurement), currently debated issues in accounting community (e.g. enforcement of accounting rules, going concern issues, goodwill impairment) and items on the International Accounting Standards Board’s (IASB) work plan (e.g. conceptual framework, primary financial statements). These topics are presented through lectures and complemented with presentations by practitioners. The seminar requires independent search for information about selected topics, its critical evaluation and expression of opinions during the seminar. This knowledge gives students a good basis to identify critical issues in IFRS financial reporting, actively participate in standard-setting debates and form their own opinion.
Lehrveranstaltungen - Teilmodule (courses - module elements):
Current Issues in IFRS Accounting
Empfohlene Voraussetzungen (prerequisites):
Die Inhalte der folgenden Module werden für dieses Modul vorausgesetzt (the following modules are prerequisites):

M.184.2231 Grundlagen des externen Rechnungswesens
M.184.2264 International Financial Reporting Standards
Voraussetzungshinweise (prerequisite suggestions):
Kombinationshinweise - Überschneidungen (overlapping modules):
Die Kombination mit folgenden Modulen ist nicht zulässig. (it is not feasible to combine with these modules):

Zur Zeit sind keine Überschneidungen bekannt. (No overlaps are known.)
Prüfungsmodalitäten (assessments):
1. Written assignments 40%
2. Presentation 30%
3. Tests and discussions 30%
Lernziele (learning objectives):
Faktenwissen
(factual knowledge):
Students obtain thorough knowledge about selected current topics in financial reporting under IFRS; they learn about the application of IFRS standards and related challenges and get practice-relevant knowledge in the selected IFRS standards (e.g. fair value measurement, issues related to business combinations, going concern consideration). Students obtain profound understanding of selected IFRS topics, the standard-setting process and knowledge how to participate in the process which helps them to follow practical and political developments in the international financial reporting, and critically discuss future developments of IFRS. Students will get good understanding of the standard-setting process and knowledge how to participate in it.
Methodenwissen
(methodic competence):
Students will be able to apply selected IFRS standards and deal with related challenges and to recognise critical issues in financial reporting under IFRS. Students will be able to follow practical and political developments in the international financial reporting and to critically discuss future developments of IFRS and participate in the standard-setting process. Students will be able to express their opinions about IFRS issues in English and participate in the international community.
Transferkompetenz
(transfer competence):
Students will independently build learning groups to deepen knowledge that was presented in the seminar, actively discuss the case studies presented in the seminar and actively search for information related to selected topics.
Normativbewertendes Wissen
(normative competence):
Students will critically and independently evaluate currently debated issues in international financial reporting and express their own opinion and critically participate in discussions during the seminar. Students will independently identify potentially conflicting issues in international financial reporting.
Schlüsselqualifikationen (skills):
Combination of lecture, discussions and preparations
Methodische Umsetzung (methodic implementation):
40 hours in-class time
110 hours for preparation of hand-ins and preparation for lectures
Unterrichtssprache (teaching language):
English
Ablaufinformationen, Terminplan, etc. (practical implementation, schedule):
All material relevant to the seminar will be made avaible in PANDA.
Bemerkungen (remarks):
Coordinator of this module will be Dr. Vanessa Flagmeier during SS2018. Prof Kosi will be on sabbatical SS2018.
Lernmaterialien, Literaturangaben (learning material, literature):
Alexander, Britton, Jorissen, Hoogendoorn and van Mourik: International financial reporting and analysis, Cengage Learning, 7th edition, 2017
Harrison, Horngren, Thomas and Suwardy: Financial accounting: Global Edition, Pearson Higher Education, 9th edition, 2013
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