Modulhandbuch (Module manual)

M.184.2267 FA 3: Introduction to international financial reporting
(FA 3: Introduction to international financial reporting)
Koordinator (coordinator): Prof. Dr. Urska Kosi
Ansprechpartner (contact): Pia Stoczek (pia.stoczek[at]
Credits: 5 ECTS
Workload: 150 Std (h)
Semesterturnus (semester cycle): WS
Studiensemester (study semester): 3-6
Dauer in Semestern (duration in semesters): 1
Lehrveranstaltungen (courses):
Nummer / Name
(number / title)
(contact time)
Status (P/WP)
(group size)
a) K.184.22671 / FA 3: Introduction to international financial reporting Vorlesung 25 Std (h) 75 Std (h) P
b) K.184.22672 / FA 3: Introduction to international financial reporting Übung 15 Std (h) 35 Std (h) P
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Empfohlene Voraussetzungen (prerequisites):
Basics of bookkeeping and accounting, e.g.       
M.184.2227 (FA 1: Grundlagen des externen Rechnungswesens nach HGB)
M.184.2228 (FA 2: Weiterführende Grundlagen des externen Rechnungswesens nach HGB)
Inhalte (short description):

​The course provides participants with an overview of financial accounting and reporting according to International Financial Reporting Standards (IFRS). It gives an overview of corporate reporting requirements in the European Union. The course outlines the specifics of IFRS and covers selected IFRS standards. It starts with an 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 standards related to property plant and equipment, intangible assets, asset impairment, fair value). When presenting the selected standards, the underlying concepts are covered first and their practical application is demonstrated next.

Lernergebnisse (learning outcomes):
Fachkompetenz Wissen (professional expertise):
  • have good understanding of the scope of IFRS and the regulation surrounding it.
  • have good knowledge about the key concepts and elements of financial reporting according to IFRS and are able to describe these.
  • know the importance and the main principles of the IASB's conceptual framework, and are able to describe and apply the principles.
  • acquire practice-relevant knowledge in selected areas of IFRS, like presentation of financial statements, accounting for tangible and intangible assets, asset impairment and fair value measurement.
  • Fachkompetenz Fertigkeit (practical professional and academic skills):
  • are able to identify applicable corporate reporting requirements for various types of firms.
  • are able to apply selected IFRS standards to business transactions.
  • are able to prepare the basic financial statements.
  • are able to assess the accounting discretion within IFRS for selected standards.
  • Personale Kompetenz / Sozial (individual competences / social skills):
  • independently build learning groups to repeat and deepen what was presented in the lecture.
  • actively discuss actual reporting practices of firms.
  • actively follow discussion about potential changes in corporate reporting regulation.
  • Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
  • critically and independently evaluate the main characteristics of IFRS accounting.
  • form a critical opinion about current developments of IFRS.
  • independently apply IFRS standards on typical situations.
  • Prüfungsleistungen (examinations)
    Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
    Art der Prüfung
    (type of examination)
    a) Klausur 60 - 90 Min. 100.00 %
    Studienleistung / qualifizierte Teilnahme (module participation requirements)
    Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
    Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
    Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist
    Gewichtung für Gesamtnote (calculation of overall grade)
    Das Modul wird mit der doppelten Anzahl seiner Credits gewichtet (Faktor: 2)
    Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
    B.Sc. Wirtschaftswissenschaften
    B.Sc. International Business Studies
    B.Sc. Wirtschaftsinformatik
    B.Sc. Sportökonomie
    B.Ed. Lehramt an Berufskollegs
    Umfang QT (participation requirements):
    Lernmaterialien, Literaturangaben (learning material, literature):
    Melville: International Financial Reporting: A Practical Guide, Pearson Education, 7th edition, 2019

    Alexander, Jorissen, Hoogendoorn, van Mourik and Kirwan: International Financial Reporting & Analysis, Cengage Learning, EMEA, 8th edition, 2020

    Picker, Clark, Dunn, Kolitz, Livne, Loftus, van der Tas: Applying IFRS Standards, Wiley & Sons, 4th edition, 2016
    Sonstige Hinweise (additional information):
    The modules M.184.2267 (FA 3: Introduction to international financial reporting) and M.184.2268 (FA 4: Intermediate international financial reporting) are offered in place of the module M.184.2264 (International Financial Reporting Standards). The topics covered by both new modules are similar to the topics of the previous module. It is possible and recommendable to take modules FA 3 and FA 4 in one semester. FA 3 will take place in the first half of the lecture period. This module provides an introduction to international financial reporting. The final exam takes place during the lecture period (end of November / beginning of December). FA 4 takes place in the second half of the lecture period. In FA 4, more advanced topics of international financial reporting are covered. The exam of FA 4 takes place during the exam period.
    It is not allowed to take this course and / or M.184.2268 if the module M.184.2264 was completed.

    Methodische Umsetzung:

    Vorlesungen 25 Std., Besprechung und Präsentation von Übungsaufgaben 15 Std.

    Teaching language: English
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