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Tiếng Việt

PACC

Learning goals

  • To learn about the purpose, principles, rules and processes of the preparation of Financial Statements under IFRS
  • To increase the knowledge and understanding of the basic principles of IFRS 
  • To learn about the internal and external supervision of consolidated financial reporting
  • To get to know how typical business transactions are recorded and disclosed in IFRS financial statements
  • To be able to apply IFRS to typical accounting issues in single and group financial statements

Literature

Authoritative Literature:

  • IFRS / IAS Standards (IFRS / IAS) and IFRS Interpretations (IFRIC / SIC)

Basic Literature:

  • Mirza, Abbas A./Holt, Graham J.: Practical Implementation Guide and Workbook for IFRS, Ed. 3, 2011.

Additional Literature:

  • Epstein, Barry J./Abbas, Ali Mirza: Wiley IFRS 2011, Interpretation and Application of International Accounting and Financial Reporting Standards.
  • KPMG (ed.): IFRSs – A visual approach, Palgrave Macmillan, 2010.

Example Annual Report:

Daimler AG, Stuttgart, Germany

Course contents

I. Corporate Governance Framework for Financial Reporting

  1. Introduction to International Financial Reporting Standards
  2. Framework, Standards, and Interpretations

II. Financial Statements and Notes

  1. Presentation of Financial Statements (IAS 1)
  2. Statement of Financial Position
  3. Statement of Comprehensive Income
  4. Statement of Changes in Equity
  5. Statements of Cash Flows (IAS 7)
  6. Operating Segments (IFRS 8)
  7. Notes
  8. Additional Elements of the Annual Report

III. Accounting for Typical Business Transactions

  1. Inventories (IAS 2)/ Construction Contracts (IAS 11)
  2. Property, Plant, and Equipment (IAS 16)
  3. Leases (IAS 17)
  4. Investment Property (IAS 40)
  5. Intangible Assets (IAS 38)
  6. Goodwill (Business Combinations – IFRS 3)
  7. Impairment of Assets (IAS 36)
  8. Provisions (IAS 37)
  9. Financial Instruments (IAS32/ IAS 39/ IFRS 9)
  10. Deferred Taxes (IAS 12) 
  11. Earnings per share (IAS 33)

Information

Lectures:

Prof. Dr. Winfried Melcher

Exercises:

Prof. Dr. Winfried Melcher 

Type of Course:

The module consists of a lecture and an exercise.
Students should be able to present an implementation concept of exercises.

Certification of credits:

Written examination (90 Minutes)