Accounting in accordance with IFRS – Basics

TypeLectures/Practical Seminar
ECTS Points6
Teaching CycleWinter Semester
Type of ExaminationWritten exam (60 Minutes)

Teaching Staff

Prof. Dr. Brigitte Eierle, Sven Hartlieb

Pre-conditions

none, but knowledge of Accounting and Auditing in accordance with the German Commercial Code is strongly recommended.

Contents

In this module, the process of international harmonisation of external accounting in Germany as well as the institutional and normative basic principles of accounting in accordance with IFRS will be taught. In the corresponding practice sessions, knowledge acquired will be applied through practical case studies.

Key learning topics are:

  • Influencing environmental factors affecting financial reporting systems
  • The process of internationalising financial reporting in Germany
  • History, organisation and functioning of the IASB
  • Framework of the IASB
  • Components of IFRS financial statements
  • Essential provisions of the IFRS in regard to balance sheet information, evaluation and disclosure
  • Principles of consolidated financial statements in accordance with IFRS

Please note

All information is issued for guidance and can be subject to change.

Legally binding requirements regarding examination procedures is provided for your information by the Examination Board.