ACC 520 (ACC 5200): IFRS Reporting and Capital Markets
Contents
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, complemented by major research findings. 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 during the exercise classes.
Necessary prerequisites
–
Recommended prerequisites
Bachelor-level knowledge of financial accounting
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 6 SWS |
| Exercise class | 2 SWS | 4 SWS |
| ECTS credits | 5 |
| Graded | yes |
| Workload | 150h |
| Language | English |
| Form of assessment | Written exam (90 min) |
| Restricted admission | no |
| Further information | This class is complemented by the case study class “ACC 521: IFRS Reporting and Capital Markets Case Study” |
Examiner Performing lecturer |  | Prof. Dr. Jens Wüstemann Prof. Dr. Jens Wüstemann |
| Frequency of offering | Fall semester |
| Duration of module | 1 semester |
| Range of application | M.Sc. MMM, M.Sc. WiPäd, M.Sc. VWL, M.Sc. Wirt. Inf., LL.M., MAKUWI, M.Sc. MMFACT, M.Sc. MMOSCM |
| Preliminary course work | – |
| Program-specific Competency Goals | CG 1, CG 2 |
| Literature | Picker, R. et al. (2025): Applying IFRS Standards, 5th edition, Chichester: John Wiley & Sons. Ernst & Young (2025): International GAAP 2025 – The global perspective on IFRS. (Free online access: https://www.ey.com/en_gl/technical/ifrs-technical-resources/internationalgaap-2025-the-global-perspective-on) |
| Course outline | Accounting and economics Accounting and law Revenues from contracts with customers Inventories Property, plant, and equipment Intangible assets Impairment of assets Provisions Financial instruments Group accounting I Group accounting II |