Modulhandbuch (Module manual)

M.184.2265 Current Issues in IFRS Accounting
(Current Issues in IFRS Accounting)
Koordinator (coordinator): Vanessa Flagmeier
Ansprechpartner (contact): Prof. Dr. Urska Kosi (urska.kosi[at]
Vanessa Flagmeier (vanessa.flagmeier[at]
Credits: 5 ECTS
Workload: 150 Std (h)
Semesterturnus (semester cycle): SoSe
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.184.22651 / Current Issues in IFRS Accounting Seminar 40 Std (h) 110 Std (h) P 30 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Empfohlene Voraussetzungen (prerequisites):
Zur Zeit sind keine Voraussetzungen bekannt. (No conditions are known.)
Inhalte (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. Interesting practical examples are given by accountants and auditors invited to hold guest lectures. 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.

Lernergebnisse (learning outcomes):
Fachkompetenz Wissen (professional expertise):

1. Obtain thorough knowledge about selected current topics in financial reporting under IFRS; they learn about the application of IFRS standards and related challenges

2. Get practice-relevant knowledge in the selected IFRS standards (e.g. fair value measurement, issues related to business combinations, going concern consideration)

3. Obtain profound understanding of selected IFRS topics, the standard-setting process and knowledge how to participate in the process

4. which helps them to follow practical and political developments in the international financial reporting, and critically discuss future developments of IFRS

5. Get good understanding of the standard-setting process and knowledge how to participate in it

Fachkompetenz Fertigkeit (practical professional and academic skills):

1. Are able to apply selected IFRS standards and deal with related challenges
2. Are able to recognise critical issues in financial reporting under IFRS

3. Are able to follow practical and political developments in the international financial reporting

4. Are able to critically discuss future developments of IFRS and participate in the standard-setting process

5. Are able to express their opinions about IFRS issues in English and participate in the international community

Personale Kompetenz / Sozial (individual competences / social skills):

​1. Independently build learning groups to deepen knowledge that was presented in the seminar

2. Actively discuss the case studies presented in the seminar

3. Actively search for information related to selected topics

Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):

​1. Critically and independently evaluate currently debated issues in international financial reporting

2. Express their own opinion and critically participate in discussions during the seminar

3. Independently identify potentially conflicting issues in   international financial reporting

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulteilprüfungen
Art der Prüfung
(type of examination)
a) Hausarbeit 60.00 %
b) Präsentation 40.00 %
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 Anzahl seiner Credits gewichtet (Faktor: 1)
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
Umfang QT (participation requirements):
Lernmaterialien, Literaturangaben (learning material, literature):
Sonstige Hinweise (additional information):

​Teaching language: English

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