This course gives an overview of the different accounting standards accepted in the U.S. and in Europe (IFRS, US GAAP). Special attention will be paid to International Financial Reporting Standards,IFRS 3 Business Combinations, IAS 27 Consolidated and Separate Financial Statements, IAS 31 Interests in Joint Ventures,IAS 28 Investment in Associates, IAS 36 Impairment of Assets,IFRS 5 Assets held for Sale and Discontinued Operations, as well as to IAS 38 Intangible Assets, IAS 2, Inventories, IAS 39 Financial Instruments, IAS 18, Revenue Recognition, IAS 19 Employee Benefits, IAS 12 Income Taxes,IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, and IAS 34 Interim Reporting. Furthermore, the course contains an analysis of IAS 7 Clash Flow Statements, IAS 14 Segment Reporting, IAS 33 Earnings per Share, IAS 10 Events After the Balance Sheet Date, IAS 24 Related Party Disclosures, and IFRS 1 First-time Adoption of International Financial Reporting Standards. The course will assist students in reading and understanding the financial reports of listed entities.
Pre-requisite for this course is "Accounting" in the winter semester.
Artur Brandenburg, Matthias Forstreuter, Dominik Claßen