Modulhandbuch (Module manual)

M.184.2264 International Financial Reporting Standards
(International Financial Reporting Standards)
Unterrichtssprache (teaching language): English
Koordinator (coordinator): Prof. Dr. Kosi, Urska
Lehr- und Forschungseinheit (teaching unit): K.184.22641 International Financial Reporting Standards
K.184.22642 International Financial Reporting Standards
Auskünfte (information): Gulenko, Maryna (
Credits/ ECTS: 10
Zeitmodus (semester): Wintersemester (winter semester)
Kurzbeschreibung (short description):
The course provides participants with an overview of financial accounting according to International Financial Reporting Standards (IFRS). It outlines the specifics of IFRS and provides deep knowledge of selected IFRS standards. The course starts with introduction of the International Accounting Standards Board (IASB), which is the global standard setter, and its conceptual framework, which serves as the base for developing IFRS. An overview of all applicable standards is provided and selected standards are covered in detail (for example property, plant and equipment, intangible assets, fair value measurement, financial instruments, consolidation). When presenting the selected standards, the underlying concepts are covered first and their practical application is demonstrated next.
Lehrveranstaltungen - Teilmodule (courses - module elements):
International Financial Reporting Standards
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
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. 100% ak: Abschlussklausur / final written exam
Summe 100%
Lernziele (learning objectives):
(factual knowledge):
Students obtain good knowledge about the key concepts and elements of financial accounting according to IFRS. They learn about the importance of the conceptual framework, on which the principles of accounting standards are based.
(methodic competence):
The students acquire practice-relevant knowledge in some selected areas of IFRS like presentation of financial statements (IAS1), property, plant and equipment (IAS16), intangible assets (IAS38), fair value measurement (IFRS13), financial instruments (IAS 39, IFRS 9) and consolidation (IFRS 3, IFRS 10). After completing this course, the students have good understanding of the scope of IFRS and institutional infrastructure surrounding it.
(transfer competence):
This course helps students to understand and critically evaluate main specifics of IFRS accounting as well as apply IFRS recognition and measurement rules on typical situations independently.
Normativbewertendes Wissen
(normative competence):
The students completing this course are also able to assess the benefits of IFRS as well as the accounting discretion within IFRS.
Schlüsselqualifikationen (skills):
Combination of lecture, tutorials, self-study of lecture material and additional exercises.
Methodische Umsetzung (methodic implementation):
60 hours in-class lecture
30 hours in-class tutorials
150 hours preparation for lectures and additional exercises
60 hours additional preparation time for the final exam
Unterrichtssprache (teaching language):
Ablaufinformationen, Terminplan, etc. (practical implementation, schedule):
All material relevant to the course will be made available in PANDA.
Bemerkungen (remarks):
Lernmaterialien, Literaturangaben (learning material, literature):
Harrison, Horngren, Thomas and Suwardy: Financial accounting: Global Edition, Pearson Higher Education, London, 9th edition, 2013
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