ACC 520: 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, 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

Examiner Performing lecturer

Prof. Dr. Jannis Bischof Prof. Dr. Jannis Bischof, Prof. Dr. Jens Wüstemann (Lecture) and Dr. Ulrich Störk (Case Studies)