Cases in 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
ACCT412
Course type
BSc Course
Weekly Hours
2,0
ECTS
3.0
Term
FS 2024
Language
Englisch
Lecturers
Dr. Jan Dieter Fasshauer
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.
Course content
The course "Cases in International Accounting" is a case study seminar that starts where "International Accounting" left off. The course focuses on the IFRS provisions for specific financial reporting issues in the context of certain industries and real companies. After learning, in "International Accounting", about the most important IFRS issues facing companies and firms and auditors in practice, in this course you will be working in teams to gain a closer and more detailed understanding of selected topics and their application problems, incentive effects, and earnings management potential in practice. Instead of "consuming" ready-made case studies with fixed solutions, you will be prepare and analysis of your own case study based on real or fictitious companies operating in specific industries and encountering specific financial reporting issues. Furthermore a special focus will be given to an introduction into the relationship of financial reporting and the upcoming “non financial” reporting world. Overall the key learning objective of this course is not only to analyzing reporting issues from an analytical, empirical and practical perspective but also to develop and enhancing communication skills with regard to nowadays complexities in corporate reporting.
Class dates
| Date | Time |
|---|---|
| Tuesday, 05.03.2024 | 17:15 - 20:30 |
| Friday, 22.03.2024 | 09:45 - 15:15 |
Learning outcomes
Accounting theory, Valuation, Agency theory
Literature
English: Picker/Leo/Loftus/Wise/Clark/Alfredson, Applying International Financial Reporting Standards, 3. Aufl. 2012 Palepu/Healy/Bernard/Peek, Business Analysis and Valuation (IFRS edition), 3. Aufl., 2013 German: Pellens/Fülbier/Gassen/Sellhorn, Internationale Rechnungslegung, 8. Aufl., Stuttgart 2011 Secondary literature: Announced in class
Learningmethods
Lecture with hands-on examples and case studies.
Exam
70% case study write-up;
20% individual presentation of case study + participation in discussion of other group presentations;
10% peer evaluation sheet evaluating (confidentially) your group members
20% individual presentation of case study + participation in discussion of other group presentations;
10% peer evaluation sheet evaluating (confidentially) your group members
Requirements
International Accounting (Internationale Rechnungslegung; Semester 4) Foundations of Financial Accounting (Grundlagen des Externen Rechnungswesens; Semester 1) Financial Statements (Jahresabschluss; Semester 1) Financial Statement Analysis (Jahresabschlussanalyse; Semester 2)