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 reveiled 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 Spring and Fall.

Spring 2019  ›  Bachelor of Science  ›  Bachelor of Science - 4th 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:
ACCT411
Lecturers:
Prof. Dr. Martin Glaum
Course Type:
BSc Course
Week Hours:
2,0
Term:
Spring 2019
Language:
Englisch
Credits:
3.0
(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 module provides an introduction to, and systematic overview of, the financial reporting and capital market communication of internationally active and publicly traded companies.

The course "International Accounting" familiarizes students with the system of International Financial Reporting Standards (IFRS) which are applied by stocklisted firms in the European Union and in more than 100 countries worldwide. We first introduce the institutional and conceptual backgrounds of IFRS and we answer the questions of how IFRS develop and why they are relevant in Germany and wider Europe. The course then covers issues of financial statement recognition, measurement, presentation and disclosure related to the most common business activities, transactions and events. These include accounting for revenue recognition, property, plant and equipment, intangible assets, impairment of assets, inventories, provisions and financial instruments. Practice cases and research insights serve as a basis for class discussion. Special emphasis is placed on the notion that financial reporting according to IFRS is based on judgments and estimates.

Date
Time
Thursday, 17/01/2019
03:30 PM till 06:45 PM
Thursday, 24/01/2019
03:30 PM till 06:45 PM
Monday, 28/01/2019
03:30 PM till 06:45 PM
Monday, 04/02/2019
03:30 PM till 06:45 PM
Thursday, 14/02/2019
03:30 PM till 06:45 PM
Tuesday, 19/02/2019
11:30 AM till 03:15 PM
Accounting theory, Valuation, Agency theory
Alexander/Britton/Jorissen, International Financial Reporting and Analysis, 6. Auflage. 2014
Picker/Leo/Loftus/Wise/Clark/Alfredson, Applying International Financial Reporting Standards, 3. Aufl. 2013
German:
Pellens/Fülbier/Gassen/Sellhorn, Internationale Rechnungslegung, 9. Aufl., 2014


Secondary literature:

announced in class
Lecture with hands-on examples and case studies.
Exam 100%
Foundations of Financial Accounting (Grundlagen des Externen Rechnungswesens; Semester 1) Financial Statements (Jahresabschluss; Semester 1) Financial Statement Analysis (Jahresabschlussanalyse; Semester 2)
90