WHU | Logo

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
Kurs ID
Art des Kurses
BSc Kurs
HS 2023
Prof. Dr. Martin Glaum
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [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.
Date Time
Tuesday, 05.09.2023 17:15 - 20:30
Tuesday, 12.09.2023 15:30 - 18:45
Thursday, 14.09.2023 08:00 - 11:15
Wednesday, 20.09.2023 15:30 - 18:45
Thursday, 21.09.2023 11:30 - 15:15
Wednesday, 04.10.2023 15:30 - 18:45
Accounting theory, Valuation, Agency theory
Alexander/Jorissen/Hoogendoorn/van Mourik/Kirwan (2023), International Financial Reporting and Analysis, 9th 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, 11. Aufl., 2021,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)
WHU | Logo