Modulhandbuch (Module manual)

M.184.2264 International Financial Reporting Standards
(International Financial Reporting Standards)
Koordinator (coordinator): Prof. Dr. Urska Kosi
Ansprechpartner (contact): Maryna Gulenko (maryna.gulenko[at]
Credits: 10 ECTS
Workload: 0
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.184.22641 / International Financial Reporting Standards Vorlesung 60 Std (h) 140 Std (h) P 50 TN (PART)
b) K.184.22642 / International Financial Reporting Standards Übung 30 Std (h) 70 Std (h) P 50 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Empfohlene Voraussetzungen (prerequisites):

​Basics of bookkeeping and accounting, e.g. W2231 Grundlagen des externen Rechnungswesens

Inhalte (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.

Lernergebnisse (learning outcomes):
Fachkompetenz Wissen (professional expertise):
  • ​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 these.
  • acquire practice-relevant knowledge in selected areas of IFRS like presentation of financial statements (IAS 1), property, plant and equipment (IAS 16), intangible assets (IAS 38), fair value measurement (IFRS 13) and financial instruments (IAS 39, IFRS 9).
  • have good understanding of the scope of IFRS and the regulation surrounding it.
  • Fachkompetenz Fertigkeit (practical professional and academic skills):
  • Are able to apply IFRS accounting to business transactions.
  • Are able to prepare the basic financial statements.
  • Are able to assess the benefits of IFRS 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):
  • Independently build learning groups to repeat and deepen what was presented in the lecture.
  • Actively discuss actual reporting practices of firms.
  • 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.
  • Apply IFRS recognition and measurement rules on typical situations independently.
  • Prüfungsleistungen (examinations)
    Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
    Art der Prüfung
    (type of examination)
    a) Klausur 120 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. Wirtschaftsnformatik
    Umfang QT (participation requirements):
    Lernmaterialien, Literaturangaben (learning material, literature):
    Harrison, Horngren, Thomas and Suwardy: Financial accounting: Global Edition, Pearson Higher Education, London, 9th edition, 2013
    Sonstige Hinweise (additional information):

    Teaching language: English

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