| Detailed information |
| Pre-requisites |
keine (die Zulassung zum Studium vorausgesetzt)
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| 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]
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| 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.
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| 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).
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| 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.
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| 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.)
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| Changing subject? |
No |
| Further information |
none
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
973GMCPFACK19: KS Financial Accounting (2019W-2022S)
973GMCPFACK10: KS Master Course Financial Accounting (2010W-2019S)
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