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Course in the Master Module Financial Accounting

International Accounting

 

Course Description

The International Financial Reporting Standards (IFRS) are the de facto global reporting format of large, internationally engaged firms. The course International Accounting (lecture and tutorial) provides a wide overview of the conceptual fundament of IFRS reporting and enables participants to deal with IFRS challenges on their own.

  • In a first part, the course International Accounting introduces students to the key concepts and elements of IFRS financial reporting. The focus is on the overriding principles and the recognition, measurement, and presentation concepts of the IFRS. This approach enables students to make principles-based accounting decisions for most business transactions on their own.
  • In a second part of the course International Accounting, students receive a practitioner-oriented overview on a broad spectrum of accounting issues which includes various facets of performance and position reporting. Moreover, the students are trained to solve specific business transactions which always includes an economic evaluation that leads to a substantiated reporting decision.

 

Agenda of the Course

The course International Accounting consists of the following interrelated chapters that systematically interactively train students to deal with challenges in the fields of international accounting:

  • Chapter 1: International reporting playing field
  • Chapter 2: Conceptual framework and financial reports
  • Chapter 3: Recognition, measurement, and presentation concepts
  • Chapter 4: Performance accounting
  • Chapter 5: Position accounting
  • Chapter 6: Digital transformation and international accounting
  • Chapter 7: Selected issue I: Intangible assets in the automotive industry
  • Chapter 8: Selected issue II: Investment property in the real estate industry
  • Chapter 9: Selected issue III: Financial instruments in the banking industry
  • Chapter 10: Selected issue IV: Hedging in the trading industry
  • Chapter 11: Exam preparation

 

Integration in the Module Financial Accounting

The course International Accounting is included in the master module Financial Accounting which is offered by the Professorship of Empirical Accounting of the Area Accounting and Taxation. The module deals with a comprehensive set of issues in the field of corporate financial and non-financial reporting which likewise includes advanced reporting challenges (e.g., international reporting on derivatives and hedges) and insights into the most important global trends in corporate reporting (e.g., integrated reporting). The module Financial Accounting consists of the following three courses that focus on three particularly important facets of corporate reporting:

  • Part I: International Accounting (not offered in the summer semester 2019)
  • Part II: Accounting Analysis (offered in the summer semester 2019)
  • Part III: Integrated Reporting (offered in the summer semester 2019)

 

Key Facts, Admission, and Examination

  • The entire course (incl., all course materials) is conducted in English.
  • Incoming students are warmly welcome to this course. Please closely follow the instructions of the incoming student office to register for this course and the final written exam (typically, these are two different steps).
  • Registration for the final exam only via KLIPS.
  • No limitation of the number of participants.
  • The course ends with a final written exam of 30 minutes which is included in the 60 minutes exam of the module Financial Accounting.
  • The exams of prior cohorts of students are available for all participants of the course.