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Recht und Wirtschaft | Wirtschaft und Recht

International Accounting

Exam number: 3096

Semester: from 4th semester (Schwerpunktbildung)

Duration of the module: One semester

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

Frequency of module offer: Each summer semester

Prerequisites: No prior knowledge required. Ideally, students should have passed the course "Financial Accounting" before participating in this module. Grundlagenausbildung should be completed.

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: Prof. Dr. Sonja Wüstemann

Language of teaching: English

ECTS-Credits (based on the workload): 6

Workload and its composition (self-study, contact time):
Contact time (lecture, tutorials, seminar etc.) 33,75 h; self-study: 146,25 h

Contact hours (per week in semester): 3

Methods and duration of examination:
Successful written exam (120 min)

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):
Students know
- the purpose of financial reports prepared in accordance with IFRS,
- the theory underlying IFRS,
- the basic IFRS recognition and measurement criteria as well as disclosure requirements.
They are able to
- apply the basic IFRS principles to specific cases,
- interpret financial reports prepared according to IFRS.

Contents of the module:
This course is an introduction to the theory underlying IFRS as well as the basic principles of recognition and measurement. Accounting topics will be studied in detail, such as intangible assets, revenue recognition and provisions (non-financial liabilities). In the tutorials the accounting principles and rules will be applied to case studies.

Teaching and learning methods:
Lecture with tutorials, self-studies and voluntary Group Work.

Literature (compulsory reading, recommended literature):
Kieso, Weygandt and Warfield: Intermediate Accounting: IFRS edition, Vol. 1, 1st edn., John Wiley & Sons, 2010.

Further information:
Registration in Moodle Viadrina required.