OUR ACADEMIC DEPARTEMENTS |
Lesson details
 | APPLYING INTERNATIONAL FINANCIAL REPORTING STANDARDS | ||
2018-2019 | EnIESEG School of Management
(
IÉSEG
)
| ||
Class code : | 1819-IÉSEG-M1S1S2-ACC-MA-EI68UE | ACCOUNTING / AUDIT / CONTROL | |
| Level | Year | Period | Language of instruction |
|---|---|---|---|
| Master | 1 | S1S2 | EnEnglish |
| Academic responsibility | S.VAN DER MEULEN |
|---|---|
| Lecturer(s) | Sofie VAN DER MEULEN |
- This class exists in these courses :
- IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS
Prerequisites
Understand the basic concepts of financial accounting, as well as some more advanced topics such as revenue recognition, inventory operations, accounting for long-term asset categories. For most students, this requires having followed a basic introductory course to accounting, as well as an intermediate/advanced course.
Learning outcomes
Comment on:
- the accounting standards process
- on how standards come about
- on standard setters motivation in setting standards
- on the content of (a selection of) standards.
Apply (a selection of) specific standards to practical exercices and cases.
Have greater awareness about ESRS topics such as ethical reporting on leases and on consolidation issues, willingness of firms to voluntarily incorporate information over and above what is required by accounting standards.
Course description
In this course, International Financial Reporting Standards will be studied. Given the extensive and evolving nature of the standards, a selection is made of a few topics which are relevant/specific to IFRS. Topics include business combinations, intangible assets, consolidation of group companies, joint ventures, financial instruments and hedging, market based valuation concepts and insurance contract accounting.
Class type
Class structure
| Type of course | Numbers of hours | Comments | |
|---|---|---|---|
| Independent work | |||
| Research | 2,00 | ||
| Reference manual 's readings | 3,00 | Assignment preparation | |
| Independent study | |||
| Group Project | 6,00 | In class assignments and homework | |
| Estimated personal workload | 8,00 | review class material | |
| Face to face | |||
| Interactive class | 16,00 |
During the interactive lectures, students learn technical accounting issues and apply the theory afterwards to real life examples and cases. The presence is strongly recommended. | |
| Total student workload | 35,00 | ||
Teaching methods
- Case study
- E-learning
- Interactive class
- Project work
Assessment
Students will be graded on their course participation (exercices and cases) and a final exam.
| Type of control | Duration | Number | Percentage break-down |
|---|---|---|---|
| Others | |||
| Written Report | 0,00 | 6 | 30,00 |
| Final Exam | |||
| Written exam | 2,00 | 1 | 60,00 |
| Continuous assessment | |||
| Participation | 16,00 | 1 | 10,00 |
| TOTAL | 100,00 | ||
Recommended reading
- Alfredson et al., Applying International Financial Reporting Standards, 2nd edition 2009, ISBN 9780470819678 -
- - Deegan and Ward, Financial Accounting and Reporting: An international approach, 2013 -
Internet resources
- IESEG Online
Apart from the book of reference, the teaching equipment is composed of slides and additional exercises available on IESEG online.
* This information is non-binding and can be subject to change
