ACC 520: IFRS Reporting and Capital Markets

The lecture introduces the most relevant IFRS standards and their informational impact on capital markets. After an analysis of the institutional background of the international harmonization process in financial reporting, we will focus on key accounting issues such as revenue recognition and financial instruments. We will illustrate the effects using current accounting practices of multinational entities, go into major research findings and apply the knowledge to case studies from accounting practice. We will conclude the lecture by an assessment of the importance of accounting for corporate governance and controlling (inside perspective) and for capital-market-oriented financial statement analysis (outside perspective).

Learning outcomes
Students will know about economic consequences of financial reporting and about the role accounting information plays on capital markets, understand the special role of IFRS on international capital markets, be familiar with the main IFRS accounting rules and their impact on financial statements, and demonstrate orally and in writing their comprehension in the solution of case studies.

Necessary prerequisites
Not taken ACC 515

Recommended prerequisites
Bachelor-level knowledge of financial accounting

Forms of teaching and learningContact hoursIndependent study time
Lecture2 SWS9 SWS
Case Study Presentation2 SWS4 SWS
Exercise class2 SWS4 SWS
ECTS credits8
Graded yes
Form of assessmentCase study presentation (25%) and written exam (90 min, 75%)
Restricted admissionno
Further information
Performing lecturer
Prof. Dr. Jannis Bischof
Prof. Dr. Jannis Bischof,
Prof. Dr. Jens Wüstemann (Lecture) and
Dr. Ulrich Störk (Case Studies)
Frequency of offeringFall semester
Duration of module 1 semester
Range of applicationM.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., LL.M., MAKUWI
Preliminary course work
Program-specific Competency GoalsCG 1, CG 2
LiteraturePicker, R., K. Clark, J. Dunn, D. Kolitz, G. Livne, J. Loftus, and L. van der Tas (2016), Applying International Financial Reporting Standards, 4th edition, John Wiley, ISBN 978-1-119-15922-3
Course outlineIntroduction to IFRS
Institutional Framework
Revenue Recognition
Inventory and Cost of Goods Sold
Measurement and Impairment of Long-Lived Assets
Financial Instruments
Non-financial Liabilities (Provisions, Employee Benefits)