ACC 530: Group Accounting
Contents
The lecture covers the preparation and interpretation of consolidated financial statements based on IFRS. All consolidation and elimination entries are introduced that are necessary for combining the separate statements of financial position and for eliminating the intercompany transactions. In addition, theoretical models explaining the fundamental approaches to group accounting are presented and discussed. The case study running alongside the lecture addresses specific topics, which are of particular importance in group accounting practice. Based on a real acquisition case, students are shown how legal and regulatory requirements can be met in the context of group accounting in order to strategically steer a group. The case study is thus complementing the lecture with first-hand evidence of how specific, practice-relevant issues of group accounting manifest.
Learning outcomes
Students know the regulations for group accounting. Based on this knowledge, students are able to prepare consolidated financial statements. They learn how consolidation methods impact the consolidated financial statements and are able to interpret group reports. Furthermore, students learn how the regulatory framework of group accounting can be applied to successfully steer international groups based on the acquisition case study.
Necessary prerequisites
Not taken ACC 511
Recommended prerequisites
Bachelor-level knowledge of financial accounting
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 9 SWS |
| Exercise class | 2 SWS | 4 SWS |
| Case Study Presentation | 2 SWS | 4 SWS |
| ECTS credits | 8 |
| Graded | yes |
| Workload | 240h |
| Language | English |
| Form of assessment | Written exam (90 min, 90%), case study (10%) |
| Restricted admission | no |
| Further information | – |
Examiner Performing lecturer |  | Prof. Dr. Dirk Simons Prof. Dr. Dirk Simons |
| 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 |
| Preliminary course work | – |
| Program-specific Competency Goals | CG 1 |
| Literature | Picker, R., K. Clark, J. Dunn, D. Kolitz, G. Livne, J. Loftus, and L. van der Tas (2016), Applying International Financial Reporting Standards, 4th edition, Wiley. Ruhnke, K. and D. Simons (2018), Rechnungs-legung nach IFRS und HGB, 4th edition, Schäffer-Poeschel. |
| Course outline | Groups and Theories of Consolidated Financial Statements Scope of Consolidation Preparatory Measures Capital Consolidation in a Single-Stage Group Accounting for Goodwill Capital Consolidation in a Multi-Stage Group Increase in Shares Decrease in Shares Intragroup Transactions Other Forms of Consolidation Segment Reporting |