ACC 620 Accounting for Financial Instruments & Financial Institutions
Module Outline
The course addresses in-depth the accounting for financial instruments and by financial institutions under IFRS as well as related conceptual issues currently discussed by standard setters and bank regulators. It covers the definition of financial instruments, their classification, initial and subsequent measurement, impairment, derecognition, as well as their accounting in the context of hedging transactions. We also discuss relevant notes disclosures in example banks’ financial statements and links to capital regulation.
The course aims at developing the skills to understand, apply, analyze and critically evaluate accounting standards in the complex field of accounting for financial instruments and financial institutions. Students will get an in-depth understanding of the current IFRS accounting rules, in particular the comprehensive IFRS 9, and understand the underlying conceptual discussions surrounding their development. Overall, students will gain a deep and profound understanding of these advanced topics of financial accounting.
The course grade will be based on a final exam (90 min).
Please note that the course is offered in German only. Further information can be found in the module catalogue (“Modulkatalog”).
Prerequisites
Formal: ACC 510 OR ACC 520 OR ACC 530 OR ACC 540 OR ACC/
TAX 550 OR ACC 560 Recommended: Basic knowledge of IFRS Accounting (e.g., ACC 520)
Contact
Tobias Kalmbach, M.Sc.
Credit: Fotostudio klassisch-modernConsultation hour(s):
On appointment