Modulhandbuch (Module manual)

M.184.2268 FA 4: Intermediate international financial reporting
(FA 4: Intermediate international financial reporting)

Koordinator (coordinator):	Prof. Dr. Urska Kosi
Ansprechpartner (contact):	Dennis Böing (dennis.boeing[at]upb.de) Prof. Dr. Urska Kosi (urska.kosi[at]uni-paderborn.de)
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)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.22681 / FA 4: Intermediate international financial reporting		25 Std (h)	75 Std (h)	P
b)	K.184.22682 / FA 4: Intermediate international financial reporting		15 Std (h)	35 Std (h)	P
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

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) M.184.2267 (FA 3: Introduction to international financial reporting) In order to take this module successfully, students should know: English

Inhalte (short description):
Introductory lecture takes place in the first week of the semester. The course provides participants with an extended knowledge of financial accounting and reporting according to International Financial Reporting Standards (IFRS). It provides advanced knowledge of selected IFRS standards. The course covers several selected standards in detail. It starts with financial instruments (first third of the course), statement of cash flows (second third of the course) and offers an overview of accounting for corporate investments (business combinations, consolidated financial statements, equity-method accounting; last third of the course). When presenting the selected standards, the underlying concepts are explained first and their practical application is demonstrated next. Lectures and tutorials take place weekly during the second half of the semester (December-February). The exam takes place during the examination period. Immediately before this course, the course FA 3: Introduction to international financial reporting takes place (during the same timeslots). The possibilities to acquire bonus points are spread evenly throughout the duration of the course.

Inhalte (short description):

Introductory lecture takes place in the first week of the semester.

The course provides participants with an extended knowledge of financial accounting and reporting according to International Financial Reporting Standards (IFRS). It provides advanced knowledge of selected IFRS standards.

The course covers several selected standards in detail. It starts with financial instruments (first third of the course), statement of cash flows (second third of the course) and offers an overview of accounting for corporate investments (business combinations, consolidated financial statements, equity-method accounting; last third of the course). When presenting the selected standards, the underlying concepts are explained first and their practical application is demonstrated next.

Lectures and tutorials take place weekly during the second half of the semester (December-February). The exam takes place during the examination period. Immediately before this course, the course FA 3: Introduction to international financial reporting takes place (during the same timeslots). The possibilities to acquire bonus points are spread evenly throughout the duration of the course.

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... have advanced understanding of the scope of IFRS and the regulation surrounding it. have advanced knowledge about the key concepts and elements of financial reporting according to IFRS and are able to describe as well as apply these. have knowledge of selected IFRS standards applicable in more complex business transactions (for example, fair value measurement of financial instruments, measurement of investments in associates and accounting for investments in subsidiaries). acquire deeper practice-relevant knowledge in selected areas of IFRS.
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... are able to apply selected IFRS standards to more complex business transactions. are able to prepare the basic separate and consolidated financial statements. are able to assess the challenges of IFRS accounting principles as well as the accounting discretion within IFRS. are able to follow current debates and trends in the IFRS development process.
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... independently build learning groups to repeat and deepen what was presented in the lectures and tutorials. actively discuss challenges in current reporting practices of firms. actively follow discussion about potential changes in corporate reporting regulation, particularly newly developing sustainability reporting regulation.
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... critically and independently evaluate the main characteristics of IFRS accounting. form a critical opinion about current developments of IFRS. independently apply IFRS standards to more complex business situations.

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Klausur	80 Min.	100.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

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 et al. International financial reporting & analysis in the 9th Edition von 2023 Harrison et al. Financial accounting: international financial reporting standards in the 12th Edition von 2024. Global Edition

Teilnehmerbegrenzung (participant limit):
Keine

Sonstige Hinweise (additional information):
It is possible and recommendable to take modules FA 3 and FA 4 in one semester. FA 3 takes place in the first half of the semester (October-November). The final exam takes place during the lecture period (late November or early December). FA 4 takes place in the second half of the semester (December-January) during the same timeslots. FA 4 covers more advanced topics of international financial reporting. The exam of FA 4 takes place during the examination period. It is not allowed to take this course and/or M.184.2268 if the module M.184.2264 was completed. Methodische Umsetzung: Lectures 25 hours, presentation and discussion of solutions of exercises in tutorials 15 hours, self-study material, self-testing quiz questions, regular opportunities for bonus points via home assignments and quizzes. Teaching language: English

Sonstige Hinweise (additional information):

It is possible and recommendable to take modules FA 3 and FA 4 in one semester. FA 3 takes place in the first half of the semester (October-November). The final exam takes place during the lecture period (late November or early December). FA 4 takes place in the second half of the semester (December-January) during the same timeslots. FA 4 covers more advanced topics of international financial reporting. The exam of FA 4 takes place during the examination period.

It is not allowed to take this course and/or M.184.2268 if the module M.184.2264 was completed.

Methodische Umsetzung:

Lectures 25 hours, presentation and discussion of solutions of exercises in tutorials 15 hours, self-study material, self-testing quiz questions, regular opportunities for bonus points via home assignments and quizzes.

Teaching language: English

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