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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
Course type
BSc Course
Weekly Hours
2,0
ECTS
3.0
Term
HS 2019
Language
Englisch
Lecturers
Prof. Dr. Martin Glaum
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
Monday, 02.09.2019 15:30 - 18:45
Monday, 09.09.2019 15:30 - 18:45
Monday, 16.09.2019 15:30 - 18:45
Wednesday, 18.09.2019 15:30 - 18:45
Tuesday, 24.09.2019 15:30 - 18:45
Monday, 14.10.2019 15:30 - 18:45
Wednesday, 23.10.2019 15:00 - 16:30
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)
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