Universität Wien
Warning! The directory is not yet complete and will be amended until the beginning of the term.

040125 KU International Financial Accounting B (MA) (2024S)

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

Empfohlen werden Vorkenntnisse aus Rechnungslegung und Wirtschaftsrecht. Die Lehrveranstaltung wird in englischer Sprache abgehalten. Die Kenntnis der österreichischen Bilanzierungsvorschriften sowohl für den Einzel- als auch für den Konzernabschluss wird vorausgesetzt.
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

  • Monday 22.04. 13:15 - 14:45 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 22.04. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 23.04. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 23.04. 13:15 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 29.04. 13:15 - 14:45 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 29.04. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 30.04. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 30.04. 13:15 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 06.05. 13:15 - 14:45 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 06.05. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 07.05. 09:45 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 24.05. 09:45 - 18:15 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 29.05. 09:45 - 14:00 Digital
    Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Friday 07.06. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

Note: Students should attend the International Financial Accounting classes in the following order.
KU International Financial Accounting A (MA)
KU International Financial Accounting B (MA)
KU Advanced IFRS Reporting and Calculations I (MA)

Aims:
This course focuses on knowledge of accounting and reporting for international financial group reports of listed companies by introducing students to International Financial Reporting Standards (IFRS) at an intermediate level.

Lecture content:
1. Introduction to the course and requirements
2. Introduction to group accounts: overview of investments and related IFRS, key terms, control vs significant influence (IFRS 3/IAS 28)
3. Consolidation procedures: basic rules, exceptions, accounting requirements,
4. Consolidated Statement of Financial Positions I: 3 steps; worked-out example
5. Consolidated Statement of Financial Positions II: NCI, two measurement methods, worked-out example
6. Consolidated Statement of Financial Positions III: goodwill+its impairment, worked-out example
7. Consolidated Statement of Financial Positions IV: intragroup transactions, AUP, FV adjustments + examples
8. IAS 28: Equity method with worked-out examples
9. IFRS 11 Joint Arrangements
10. IAS 21 Foreign currencies, worked-out examples
11. IAS 24 Transactions with related parties

Group Work Assignment Part A (homework – case studies):
In the group assignment Part A, the students practice the preparation of a consolidated statement of financial position (balance sheet) and consolidated statement of total comprehensive income, along with the practical application of the IFRS standards discussed during the lectures.

Group Work Assignment Part B (Seminar 1):
The group assignment Part B aims to analyze a company's latest annual report based on IFRS and research into and evaluate (i.e., calculation, disclosure, and presentation) the application of international group accounting standards.

Group Workshop:
Outline and understanding, work-in-progress of Group Assignment Part B (Seminar 1).

Discussions:
Each participant of a group needs to act as a discussant.

Assessment and permitted materials

Type of instruction
Lectures and exercises (L), homework (H), seminar (S), group workshop (W), Calculations and quizzes (E)
o Late submission not in time = 1 grade lower
o Plagiarism = fail
o Scheme: Below 50% fail (grade 5); 50,0%-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).
The use of AI tools (e.g. ChatGPT) for the production of texts is only permitted if they are expressly requested by the course leader (e.g. for individual work tasks).

Minimum requirements and assessment criteria

For all parts of the examination, student attendance is compulsory. Unexcused non-attendance in the first course session will result in a deregistration from the course.
The examination consists of different elements: Group Work Assignment A (homework - case studies) and Group work Assignment B (Seminar 1), Group Workshop (W), Calculations and Quizzes (E)

Examination topics

In-class examples

IAS/IFRS Standards

International Financial Reporting and Analysis, David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, Collette Kirwan, Petra Inwinkl, Giovanna Michelon (2023), 9th edition, Cengage Learning, Print ISBN: 9781473786875

https://www.cengage.uk/c/international-financial-reporting-and-analysis-9e-alexander-jorissen-hoogendoorn-van-mourik-kirwan-inwinkl-michelon/9781473786820/

Reading list

Compulsory course book for students who attend classes "International Financial Accounting A" and "International Financial Accounting B" is:

International Financial Reporting and Analysis, David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, Collette Kirwan, Petra Inwinkl, Giovanna Michelon (2023), 9th edition, Cengage Learning, Print ISBN: 9781473786875

https://www.cengage.uk/c/international-financial-reporting-and-analysis-9e-alexander-jorissen-hoogendoorn-van-mourik-kirwan-inwinkl-michelon/9781473786820/

Association in the course directory

Last modified: Mo 05.02.2024 10:05