Financial Accounting (IFRS)

Faculty of Business Management and Social Sciences

Version 13.0 of 03/20/2019

22M0946

Financial Accounting (IFRS)

Controlling und Finanzen (M.A.)

5

Int'l Acc introduces to Accounting based in international Accounting Standards IFRSs.

Legal aspects, preparation of financial statements, representation of F/S, initial and subsequent valuation of non-current assets, group accounting, inventory valuation, statement of changes in equity, statements of cash flows, equity recognition, recognition of liabilities and discounting thereof

Knowledge Broadening
... are familar with Accounting and can prepare financial statement on case study level. They further can read and analyse financial statements of real companies that prepare financial statements along IFRSs.
Knowledge Deepening
Accounting knowledge is increased in terms of different GAAPs, in general from German GAAPs HGB to international Accounting based on IFRSs. Students know the differences between HGB and IFRS. They are able to understand and discuss detailed aspects of IFRSs, such as revaluations, discounting of liabilities, revenue recognition
Instrumental Skills and Competences
... can apply IFRSs standards. They know the main standards and can find regulations for particular problems in Accounting. They can apply the important methods in Accounting as ruled by IFRSs
Communicative Skills and Competences
... can describe and discuss IFRSs standards and German HGB. They can argue for/against particular GAAPs. They can discuss with experts and know the most important technical terms in Accounting (in English)
Systemic Skills and Competences
... know the standards and have knowledge of where to find regulations (standards) applicable. Students know how to retrieve information for the preparation of financial statements from Bookkeeping and can understand Accounting software solutions.

class and case-study related exercises

Basics of Accounting as in Berkau/Berkau: Basics of Accounting (Part 1)

Berkau, Carsten

Berkau, Carsten

5

Berkau, C.: Bilanzen/Financial AccountingBerkau, C.; Berkau, K.S.: Basics of Accounting, Part 1

• Two-Hour Written Examination
• Project Report, written

1 Term

Only Winter Term

English