Core considerations:
Necessary background one should have to use international financial statements
Decision-maker’s perspective (What do the numbers mean? How can one interpret the figures?)

Knowledge about: 
Basic principles of international financial accounting
Elements of international financial statements
Recognition and measurement of events in international financial statements

Outside of this scope:
Knowledge only to be used by a preparer of international financial statements 
Legal issues as they might only be relevant for tax consultants, auditors, CPA
Comprehensive comparison of international financial accounting regulations

The course provides an in-depth insight into the main international accounting and reporting standards based on the content of the accompanying lecture.

Topic covered are:
internationalisation of accounting
basic principles of accounting under IAS/IFRS
elements of financial statements under IAS/IFRS
accounting and valuation of individual items in financial statements under IAS/IFRS

presentation of cases

The grading will be based on the student's performance in class.

Therefore check the pre-reading material on OLAT  in advance. A short revision of the content of the material may take place at the beginning of the course.

Moreover prepare a power point presentation about your case in advance. Ckeck the file "attendants' grouping" to see which case you have to present together with your team meamers on the first or second day in class!

Textbook:
Kieso/Weygandt/Warfield: Intermediate Accounting: IFRS Edition, 2nd Edition, Wiley 2014.

Literature (at ULB SoWi-Fakultätsbibliothek):
Mirza/Abbas Ali/Holt/Graham: IFRS - practical implementation guide and workbook, Wiley 2011.
Dunn: Financial reporting and analysis, Wiley 2010.
Wulf/Wieland: Kennzahlen IFRS-Abschluss: [Deutsch - Englisch] = Ratios IFRS-financial statements, Wiley 2013.

Further literature:
Mackenzie/Coetsee/Njikizana/Chamboko, Interpretation and Application of International Financial Reporting Standards 2011, Wiley 2011.
Kothari/Barone: Advanced Financial Accounting: An International Approach, Financial Times – Prentice Hall 2011.
Roberts/Weetman/Gordon, International Corporate Reporting, A Comparative Approach, 4/E, Financial Times – Prentice Hall 2010.
Atrill/McLaney, Financial Accounting for Decision Makers, 6/E, Financial Times – Prentice Hall 2011.
Glautier, Accounting: Theory and Practice, 8/E, Financial Times – Prentice Hall 2011.
Pratt, Financial Accounting in an Economic Context: Study Guide, 8/E,  International Student Version, Wiley 2011.

Positive grade of the module according to § 7 Abs. 1 Z 1

Assumed previous knowledge:
Basic knowledge of  at least one conceptual framework for financial reporting
Basic knowledge of  the general financial accounting cycle
Being familiar with the basic accounting terminology in English (!)