Universität Wien
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040125 KU International Financial Accounting B (MA) (2022W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
MIXED

Empfohlen werden Vorkenntnisse aus Konzernrechnungslegung und Rechnungslegung nach IFRS. Die Lehrveranstaltung wird in englischer Sprache abgehalten.

Die Anmeldung erfolgt mittels Punktevergabe (beschränkte Teilnehmerzahl). Es besteht Anwesenheitspflicht.
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Attendance is compulsory for this course. Unexcused non-attendance at the first course session leads to a deregistration from the course.

  • Monday 28.11. 08:00 - 09:30 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 28.11. 09:45 - 11:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 05.12. 08:00 - 09:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 05.12. 09:45 - 11:15 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 05.12. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 19.12. 09:45 - 15:45 Digital
  • Monday 09.01. 13:15 - 20:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 17.01. 08:00 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 17.01. 13:15 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 23.01. 09:45 - 11:15 Digital
  • Monday 30.01. 16:00 - 17:00 Digital

Information

Aims, contents and method of the course

This course builds on the course “Internationale Rechnungslegung A”. It focuses particularly on multinational (public listed) companies that must handle financial accounting and contextual differences regarding their financial reporting under the International Financial Reporting regime.

The course will provide participants with relevant knowledge of accounting and reporting for international groups by introducing students to International Financial Reporting Standards (IAS/IFRS) at an intermediate level which are relevant standards for group accounting.

Intended Learning Outcomes (ILO)
On completion of the course, the students will be able to
1. understand a business combination and how to account for it; understand the accounting for goodwill
2. be able to determine goodwill in more complex situations, such as non-controlling interests and step acquisitions
3. know how to account for disposals, both with and without loss of control, and know the requirements of IFRS 3 Business Combinations
4. outline the need for consolidated financial statements
5. prepare consolidated financial statements by IFRS Standards
6. understand and apply the mechanics of preparing consolidated financial statements
7. identify an associate and a joint venture
8. identify the need to disclose related party transactions
9. consider the mechanics of accounting for an associate and a joint venture
10. explain the requirements of IAS 24 Related Party Transactions
11. explain the requirements of IAS 28 Investments in Associates and Joint Ventures
12. explain the requirements of IFRS 11 Joint Arrangements
13. explain the necessity for foreign currency conversion and translation
14. understand the concept of functional currency and presentation currency
15. describe the IFRS Standards regulations in respect of foreign currency transactions
16. describe the IFRS Standards regulations in respect of translating foreign entities
17. explain the basics of hedging foreign currency exposure and the application of hedge accounting
18. understand specific issues as extending the net investment, translating goodwill, accounting for disposals, translating into currencies of hyperinflationary economies
19. understand the IFRS Standards disclosure requirements apply research-based literature to describe and analyze particular aspects of voluntary corporate disclosures related to own projects

Judgment and approach
The course is aimed at the student acquiring in-depth knowledge of financial accounting for multinationals. Furthermore, students will deepen their capacity for independent analysis of different financial accounting problems in an international context.

Assessment and permitted materials

Type of instruction
Lectures and exercises (L), case studies and seminars (S), group workshop (W), Quizzes (E)

o Late submission not in time = 1 grade lower
o Plagarism = fail
o Scheme: until 49,0 % fail (grade 5); 49,5%-62,5% passed (grade 4); 63,0%-75,0% passed (grade 3), 75,5%-87,5% good (grade 2), 88,0%-100% excellent (grade 1).

Minimum requirements and assessment criteria

For all parts of the examination, student attendance is compulsory.

The examination consists of an online exam in the form of quizzes (E), two seminars with oral presentations and discussions of the given presentations (S1 and S2), one group workshop, and individual participation (W)

Learning outcomes 1-17 are examined through one online exam of quizzes (E)
.
Learning outcomes 2,7,8,9,15 and 17 are also examined through two seminars with oral presentations and discussions of the given presentations (S1 and S2), one group workshop, and individual participation (W).

Examination topics

IAS/IFRS Standards

International Financial Reporting and Analysis, Jorissen, Ann / Britton, Anne / Alexander, David
/ Hoogendoorn, Martin / Van Mourik, Carien, latest edition, Cengage Learning, Print ISBN: 9781473766853

https://www.cengage.co.uk/books/9781473766853/

Reading list

Compulsory course book for students who attend classes “Internationale Rechnungslegung A” and “Internationale Rechnungslegung B” is:

International Financial Reporting and Analysis, Jorissen, Ann / Britton, Anne / Alexander, David
/ Hoogendoorn, Martin / Van Mourik, Carien (2020), 8th edition, Cengage Learning, Print ISBN: 9781473766853

https://www.cengage.co.uk/books/9781473766853/

Association in the course directory

Last modified: Th 11.05.2023 11:27