BE-516 International Financial Reporting (Autumn 2024)

BE-423 Annual accounts in accordance with good accounting practice.

Upon successful completion of this course the students should be able to:

• Apply International Financial Reporting (IFRS) to practical accounting issues, including the preparation of appropriate journal entries.
• Understand and apply the accounting concepts and principles of recognition, timing, measurement, presentation, and disclosure.
• Critically discuss the conceptual and practical challenges surrounding accounting issues, including the choices in reporting and disclosure that companies face.
• Understand the relevance, purpose and value of financial reporting to sustainability debates.

This course presents an in-depth analysis of important accounting topics from the perspective of International Financial Reporting Standards (IFRS). IFRS addresses this challenge by providing a high quality, internationally recognised set of accounting standards that bring transparency, accountability and efficiency to financial markets around the world. Students will obtain a comprehensive understanding of how to apply IFRS to a range of accounting issues. Other important topics shaping financial reporting are also considered, including how financial reporting contributes to sustainability debates.

4-hour written examination under supervision. Assessment expression: letter grade, A-F.

Due to grade requirements for state authorised auditors, a regular examination will be held both autumn and spring.