Online Course Guide of WHU –

Find all modules and courses of our degree programs.

Please use the filters below to select the term (spring or fall) as well as the respective program (BSc, MSc, MBA, Exchange, Doctoral) of your choice for an overview of all modules offered at WHU. The courses are listed under the modules. Please click on a module to see which courses are part of it. If you would like to find out more about a certain course, click on the name of the course to see detail information. The location of the lecture will be revealed after your course registration on myWHUstudies.

Spring term counts from January - August, fall term counts from September - December.

Important for Exchange Students: As the Full-Time and Part-Time MBA Programs utilize a modular course structure, the dates on which students begin and end the exchange are flexible. Please find here a chronological overview of the preliminary course offering for Fall and Spring.

Fall 2022  ›  Bachelor of Science in International Business Administration  ›  5th Semester  ›  International Accounting

International Accounting

Learning Outcomes - Understand the institutional and conceptual foundations of financial reporting under IFRS - Become familiar with most of the important accounting rules for publicly traded parent companies - Identify economic consequences and incentives in the context of applying these rules and managing earnings - Apply knowledge of the rules and incentives to analyze financial reporting choices and adjust the financials accordingly

Course Code:
Prof. Dr. Martin Glaum
Course Type:
BSc Course
Week Hours:
Fall 2022
(Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.)
This course is designed to familiarize you with today’s world of accounting under International Financial Reporting Standards (IFRS).

IFRS are developed by the International Accounting Standards Board (IASB) in London, and they are currently required or allowed as the basis for the financial reporting of companies in more than 100 countries around the globe. In the European Union, all stock-listed companies are required to prepare their consolidated financial statements in accordance with IFRS.

The objectives for this course are as follows:

  • To provide a systematic overview of financial reporting according to IFRS.
  • More specifically, to make you appreciate why IFRS are relevant in Europe and in other countries around the world, and to familiarize you with the institution behind IFRS accounting, the International Accounting Standards Board, IASB.
  • To introduce to you the Conceptual Framework that underlies IFRS. Financial accounting is based on informed judgments and estimates. Therefore, to prepare and to interpret IFRS financial statements competently one needs not only technical expertise, but also a solid and critical understanding of the objectives and the other concepts of IFRS.
  • To advance your knowledge and understanding of IFRS financial statements (Balance Sheet, Income Statement, Cash Flow Statement etc.).
  • To discuss the most important accounting topics and the relevant IFRS rules and requirements for recognition, measurement and disclosure that are of relevance to managers, analysts, investors, and other users of financial reporting information.
Tuesday, 06/09/2022
03:30 PM till 06:45 PM
Tuesday, 13/09/2022
03:30 PM till 06:45 PM
Tuesday, 20/09/2022
03:30 PM till 06:45 PM
Friday, 30/09/2022
08:00 AM till 11:15 AM
Tuesday, 04/10/2022
03:30 PM till 06:45 PM
Thursday, 06/10/2022
11:30 AM till 03:15 PM
Accounting theory, Valuation, Agency theory
  • Alexander/Jorissen/Hoogendoorn/van Mourik/Kirwan (2020), International Financial Reporting and Analysis, 8th edition,Cengage Learning.
  • Picker/Clark/Dunn/Kolitz/Livne/Loftus/van der Tas(2016), Applying International Financial Reporting Standards,4th edition, Wiley.
  • Pellens/Fülbier/Gassen/Sellhorn, Internationale Rechnungslegung, 10. Aufl., 2017,Schäffer-Poeschel.

Secondary literature:
announced in class

The course consists of self-study and preparation, in-class lectures and discussions, and a final exam.
Exam 100%
Foundations of Financial Accounting (Grundlagen des Externen Rechnungswesens; Semester 1) Financial Statements (Jahresabschluss; Semester 1) Financial Statement Analysis (Jahresabschlussanalyse; Semester 2)