This class exists in these courses :
• IÉSEG > MSc in Accounting, Audit & Control > Semester 2 > 2,00 ECTS
• IÉSEG > MSc in Finance > Semestre 2 > 2,00 ECTS

Learning outcomes

At the end of the course, the student should be able to:
International Financial Reporting Standards (IFRSs) are used world-wide. Over 120 countries require or permit the use of IFRSs. Listed companies in the European Union have implemented IFRSs since 2005. Many other countries are either adopting IFRSs or have decided to converge their national standards with IFRSs. This course intends to critically present and analyse important IFRSs. The principles are explained clearly and real-world examples are provided in order to construct expert knowledge from cutting-edge information

At the end of the course, students will be able to understand the Statement of Comprehensive Income, the Statement of Changes in Equity and related-party disclosures. The students will be able to demonstrate their expertise on key concepts, techniques and trends in their professional field such as the main foreign currency translation methods and foreign currency hedging. Students will also understand the main earnings manipulation techniques and how to evaluate earnings quality and earnings conservatism.

At the end of the course, students must be able to convey powerful messages using contemporary presentation techniques

Course description

This course involves 16 hours in-class time. The content of the course is presented below. The course components are based on IFRS.
The Statement of Comprehensive Income and Statement of Changes in Equity
Related-party Disclosures
Accounting for Foreign Currency Transactions and Foreign Currency Hedging
Translating the Financial Statements of Foreign Operations
Earnings Manipulation, Earnings Quality and Earnings Conservatism

The course will be structured as follows:
1- In the first part of each session we will go through the sessions' material and the students will cover exercises related to the book's chapter assigend for the session. Reading of the chapter is mandatory.
2- In the second part of the session, real companies will be analyzed.

Deegan and Ward: Financial Accounting and Reporting
Session 1: Chapters 11 & 14
Session 2: Chapters 18
Session 3: Chapters 24
Session 4: Chapters 25

Class type

Class structure

Teaching methods

• Case study
• E-learning
• Interactive class
• Presentation
• Project work

Assessment

40% Take home exam
25% Quizes
15% Class Participation
20% Group project

Internet resources

• School Intranet site