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International Financial Reporting Standards

2019/2020
Учебный год
ENG
Обучение ведется на английском языке
6
Кредиты
Статус:
Курс обязательный
Когда читается:
4-й курс, 1 модуль

Преподаватель

Course Syllabus

Abstract

The course International Financial Reporting Standards (IFRS) is a course that focuses on the preparation of financial statements and the interpretation of information in the financial statements under IFRS.
Learning Objectives

Learning Objectives

  • The objective of this course is to help students learn how to prepare and interpret the information in financial statements under International Financial Reporting Standards (IFRS).
Expected Learning Outcomes

Expected Learning Outcomes

  • to be able to prepare and interpret the information in the financial statements under IFRS
Course Contents

Course Contents

  • Principles of IFRS
    (1) the principles of accrual accounting (2) the difference between accrual accounting and cash accounting (3) deferred revenue, deferred expenses, accrued revenue, and accrued expenses
  • The financial statements and notes
    (1) the balance sheet (2) the income statement (3) the statement of equity (4) the statement of cash flows
  • Revenue
    (1) revenue recognition (2) variable consideration (3) performance obligations (4) default risk (5) relevant assets and liabilities
  • Inventory
    (1) accounting policies (2) write-downs (3) reversals of write-downs (4) cost of goods sold (5) inventory and the statement of cash flows
  • Equity
    (1) share issuances (2) share repurchases (3) dividends (4) the presentation of equity (5) compound financial instruments
  • Property, plant, and equipment
    (1) initial measurement (2) subsequent measurement (3) cost model and revaluation model (4) depreciation (5) impairments (6) revaluation (7) derecognition
  • Financial instruments
    (1) financial assets (2) financial liabilities (3) financial derivatives
  • Equity investments
    (1) significant influence (2) control (3) consolidation (4) goodwill (5) reverse mergers (6) consolidated financial statements
  • Earnings per share
    (1) basic earnings per share (2) diluted earnings per share (3) cumulative earnings per share (4) quarterly earnings per share (5) contingent shares (6) stock options and warrants (7) convertible financial instruments
  • Leases
    (1) IFRS 16 (2) finance leases (3) operating leases (4) lease assets and lease liabilities (5) initial measurement (6) subsequent measurement (7) derecognition
Assessment Elements

Assessment Elements

  • non-blocking mid-term (in-class, open-book, 20% of the final evaluation)
  • non-blocking group project (home assignment, 20% of the final evaluation)
  • non-blocking exam (closed-book, 60% of the final evaluation)
Interim Assessment

Interim Assessment

  • Interim assessment (1 module)
    0.6 * exam (closed-book, 60% of the final evaluation) + 0.2 * group project (home assignment, 20% of the final evaluation) + 0.2 * mid-term (in-class, open-book, 20% of the final evaluation)
Bibliography

Bibliography

Recommended Core Bibliography

  • Mirza, A. A. (2010). Wiley IFRS : Practical Implementation Guide and Workbook (Vol. 3rd ed). Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=363480

Recommended Additional Bibliography

  • Bragg S.M. IFRS Made Easy [Electronic resource] / S.M. Bragg. – John Wiley & Sons, 2010. – 282 p. – URL: https://ebookcentral.proquest.com/lib/hselibrary-ebooks/detail.action?docID=699462