ACC 451: Financial Accounting II: IFRS
Contents
The course Financial Accounting II covers international financial accounting as defined by the International Financial Reporting Standards (IFRS). In the lecture, individual standards will be presented in detail. The focus lies on the recognition and valuation of the annual statement. In particular, the lecture goes into detail about IFRS 15 (Revenue from Contracts with Customers), IAS 12 (Income Taxes), IAS 16 (Property, Plant & Equipment), IAS 38 (Intangible Assets), IAS 36 (Impairment of Assets), IFRS 16 (Leases), as well as IAS 37 (Provisions, Contingent Liabilities and Contingent Assets).
Learning outcomes
Participants of the course gain an overview of the major concepts and methods in the field of international financial accounting. Students acquire detailed knowledge of accounting according to IFRS. Participants apply this knowledge to subject-specific issues. Based on the acquired knowledge, they are capable of analyzing and discussing further issues and coming up with solutions.
Necessary prerequisites
Not taken ACC 402; semester 4 or higher
Recommended prerequisites
–
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 1 SWS | 4 SWS |
| Exercise class | 1 SWS | 3 SWS |
| ECTS credits | 3 |
| Graded | yes |
| Workload | 90h |
| Language | English |
| Form of assessment | Written exam (60 min) |
| Restricted admission | no |
| Further information | – |
Examiner Performing lecturer |  | Prof. Dr. Dirk Simons Prof. Dr. Dirk Simons |
| Frequency of offering | Spring semester |
| Duration of module | 1 semester |
| Range of application | B.Sc. BWL |
| Preliminary course work | – |
| Program-specific Competency Goals | CG 1, CG 2 |
| Literature |
|
| Course outline | Module 1: Accounting Fundamentals Module 2: Revenue Recognition Module 3: Property, Plant & Equipment Module 4: Intangible Assets Module 5: Impairment and Deferred Taxes Module 6: Leases Module 7: Provisions |