Inhalt

[ 973GMCPFACK22 ] KS Financial Accounting

Versionsauswahl
Workload Education level Study areas Responsible person Hours per week Coordinating university
6 ECTS M1 - Master's programme 1. year Business Administration Roman Rohatschek 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites keine (die Zulassung zum Studium vorausgesetzt)
Original study plan Master's programme Management 2022W
Objectives This course aims to:

  • Introduce students to goals and concepts of financial accounting, user groups of financial accounting, differences in national accounting systems and to show the need for global accounting standards.
  • Equip students with a sound understanding of the accounting process, elements of financial statements, different measurement concepts in international financial reporting and basics in selected IAS/IFRS accounting standards (including Conceptual Framework).
  • Explain the reporting entity that creates an IFRS-Report, different types of relationships between investor and investee (subsidiaries vs joint arrangements vs associates) and differences between consolidated and single financial statements.
  • Equip students with basic skills in financial statement analysis, to allow them to understand and correctly interpret published IFRS financial statements.

Learning outcomes:

On successful completion of this course, the students will be able to:

  • LO1: Discuss how national accounting standards differ due to different users, information needs and national influences and why there is a need for globalized accounting standards. [international orientation/relevant theory]
  • LO2: Discuss the implications corporate actions have on the company’s financial statements. [Business Management Qualifications]
  • LO3: Apply basic accounting techniques and valuation methods from selected IAS/IFRS standards. [cognitive/analytical]
  • LO4: Transfer the abstract rules from IAS/IFRS standards in order to solve concrete accounting problems. [professional/transferable skills]
  • LO5: Correctly interpret financial statements prepared according to IAS/IFRS standards. [professional/transferable skills]
  • LO6: Calculate and correctly interpret financial ratios and alternative performance measurement concepts. [professional/transferable skills]
Subject Based on core accounting and valuation methods according to International Financial Reporting Standards (IFRS) class participants will be provided with knowledge concerning corporate actions as far as its implications on a company’s financial statements are concerned. The class aims at the understanding of the accounting process as well as the ability to interpret financial statements properly. A further emphasis is on the analysis of IFRS financial statements including performance measurement concepts.
Criteria for evaluation The Assessment Strategy includes the following components:

  • Homework Assignments for each lecture (max 20 points)
  • Case Study on Financial Statement Analysis (max 20 points)
  • written mid-term exam (max 60 points)
  • written final exam (max 90 points)
  • weekly quizzes and in-class participation (max 10 bonus points)

Students are assessed on individual basis (no group assignments).

Methods The learning and teaching strategy is designed to develop knowledge and understanding in both theoretical and practical perspectives. The methods used include lectures, self-study of relevant book chapters and further readings, individual case study, homework, mid-term and final exam.
Language English
Study material Study and reading material includes the following:

  • International Financial Reporting and Analysis by David Alexander/Ann Jorissen/Martin Hoogendoorn/Carien van Mourik/Collette Kirwan, 8th edition (2020), Cengage Learning EMEA, ISBN 978-1-4737-6685-3
  • Lecture notes
  • Selected International Financial Reporting Standards (IFRS) in the latest edition
  • Selected articles referring to current topics in accounting

(The relevant materials can be retrieved from Moodle and/or will be announced in class.)

Changing subject? No
Further information none
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority