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International Financial Reporting Standards

2019/2020
Учебный год
ENG
Обучение ведется на английском языке
3
Кредиты
Статус:
Курс по выбору
Когда читается:
4-й курс, 2 модуль

Преподаватель

Программа дисциплины

Аннотация

The course consists of lectures (14 hours) and seminars (14 hours). Academic support for the course is provided via LMS, where students can find: guidelines and recommendations for doing the course; guidelines and recommendations for self-study; samples of assessment materials.
Цель освоения дисциплины

Цель освоения дисциплины

  • This course’s objective is to help students learn how to do the following: - to understand and apply the principles of IFRS; - to record firms’ business activities (e.g., the issuance of equity, the sale of goods and services) under IFRS; - to prepare firms’ financial statements and notes under IFRS. The topics of this course relate to these objectives.
Результаты освоения дисциплины

Результаты освоения дисциплины

  • Students understand and apply the principles of IFRS.
  • Students are able to record firms’ business activities under IFRS.
  • Students are able to prepare firms’ financial statements and notes under IFRS.
Содержание учебной дисциплины

Содержание учебной дисциплины

  • Topic 1. Principles of IFRS
    Relevant subjects: - the principles of accrual accounting; - the difference between accrual accounting and cash accounting; - deferred revenue, deferred expenses, accrued revenue, and accrued expenses.
  • Topic 2. Preparing and analyzing the financial statements and notes under IFRS
    Relevant subjects: - preparing the balance sheet, income statement, statement of equity, and statement of cash flows; - for the statement of cash flows, using both the direct method and the indirect method; - using the balance sheet to analyze a firm’s liquidity and capital structure; - using the income statement to analyze a firm’s efficiency; - using the statement of equity to analyze a firm’s dividend policy; - using the statement of cash flows to understand the difference between cash flows from operations and net income.
  • Topic 3. Equity
    Relevant subjects: - recording equity issuances, share repurchases, dividends, bonus issues, and stock splits; - how equity accounts are presented in the financial statements and notes; - calculating earnings per share.
  • Topic 4. Revenue
    Relevant subjects: - revenue recognition under IFRS; - the main principles of IFRS 15; - concepts such as variable consideration and revenue reversals; - accounting for default risk for credit sales; - how accounts related to revenue are presented in the financial statements and notes; - using relevant information to analyze a firm’s credit policy.
  • Topic 5. PP&E
    Relevant subjects: - the revaluation model and the cost model; - gross PP&E versus net PP&E; - recording the purchase, use, and sale of PP&E; - different depreciation methods; - impairments. PP&E, and the statement of cash flows; - gains and losses on sales, net income, and the statement of cash flows; - using relevant information to analyze a firm’s investment decisions.
  • Topic 6. Financial instruments
    Relevant subjects: - investments in debt and equity instruments; - different types of derivatives and hedges (e.g., cash-flow hedges); - financial liabilities; - finding the net present value of financial instruments; - using relevant information to analyze a firm’s risk-management practices.
  • Topic 7. Consolidation
    Relevant subjects: - mergers and acquisitions; - goodwill; - consolidation; - non-controlling interests.
Элементы контроля

Элементы контроля

  • Mid-term exam (неблокирующий)
    Individual, in-class, open-book.
  • Group project (неблокирующий)
    In groups, at home.
  • Final exam (неблокирующий)
    Individual, in-class, closed-book.
Промежуточная аттестация

Промежуточная аттестация

  • Промежуточная аттестация (2 модуль)
    0.6 * Final exam + 0.2 * Group project + 0.2 * Mid-term exam
Список литературы

Список литературы

Рекомендуемая основная литература

  • Bakker, E. (2017). Wiley IFRS 2017 : Interpretation and Application of IFRS Standards. Hoboken, NJ: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1477431

Рекомендуемая дополнительная литература

  • Picker, R. (2016). Applying IFRS Standards (Vol. Fourth edition). Chichester, West Sussex, United Kingdom: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639476