Banner Viadrina

International Business Administration

Group Accounting and Group Auditing

Exam number: 6636

Semester: from 1st semester

Duration of the module: One semester

Form of the module (i.e. obligatory, elective etc.): Elective

Frequency of module offer: Each summer semester

Prerequisites: Basic knowledge of accounting according to IFRS is required.

Applicability of module for other study programmes:
Obligatory or elective in other study programmes. For further information check regulations of the study programme.

Person responsible for module: Prof. Dr. Sonja Wüstemann

Name of the professor: Philipp Canzler (WP/StB), Partner at EY Berlin, Klaus Beckers (WP/StB), Senior Manager at EY Berlin

Language of teaching: English

ECTS-Credits (based on the workload): 6

Workload and its composition (self-study, contact time):
Contact time (Lecture, tutorial etc.): 45 h; self-study: 135 h

Contact hours (per week in semester): 3

Methods and duration of examination:
Successful completion of the exam (120 min.)
Studentes who study on the basis of the old SPO, please contact

Emphasis of the grade for the final grade: Please check regulations of the study programme

Aim of the module (expected learning outcomes and competencies to be acquired):
After completing the module students are able to:
-outline the substantive principles as well as the process of preparing and auditing consolidated financial statements under IFRS
-name the IFRS principles and rules as well as the IDW auditing standards that are relevant for group accounting and discuss their impact on accounting and auditing
-analyse consolidated financial statements in accordance with IFRS

Contents of the module:
The module combines the basic principles of group accounting and group auditing. Firstly, a brief introduction to group accounting is provided. The emphasis will be put on the principal sequence of preparing consolidated financial statements. Subsequently, the basis of auditing consolidated financial statements is presented. Based on this theoretical background, an introduction to the different consolidation types is given. The main focus will lie on the equity consolidation. In addition the debt consolidation, the elimination of intracompany results as well as the profit and loss consolidation will be introduced. The theoretical knowledge will be practiced in a number of tutorials. On the basis of this knowledge, the process of a group audit will be characterised. Thereby, the risk-based audit approach as well as the internal control system will be presented. In addition selected analytical audit procedures that are relevant for consolidated financial statements (e.g. audit of the proper execution of debt consolidation) will be presented. Finally different forms of auditor’s reports will be discussed and further illustrated by practical examples.

Teaching and learning methods:
Lecture, exercises and case studies

Literature (compulsory reading, recommended literature):
Picker, Ruth/Leo, Ken J./Loftus, Janice/Wise, Victoria/Clark, Kerry/Alfredson, Keith: Applying International Financial Reporting Standards, 3 rd edn., Wiley 2013. 
Küting/Weber "Der Konzernabschluss - Praxis der Rechnungslegung nach HGB und IFRS" 12. Auflage 2010. 
Marten/Quick/Ruhnke "Wirtschaftsprüfung - Grundlagen des betriebswirtschaftlichen Prüfungswesens nach nationalen und internationalen Normen" 4. Auflage 2011.

Further information:
Registration in Moodle Viadrina required.