Кто читает:: Департамент финансов

Статус:: Курс обязательный

Когда читается:: 2-й курс, 1, 2 модуль

Преподаватель

Чуракова Ийя Юрьевна

Full Syllabus

Abstract

Achieving consistency in financial reporting worldwide is the need of the hour, especially if meaningful comparisons are to be made of financial information emanating from different countries using accounting standards that, until recently, were vastly different from each other. Thus, there has arisen the urgent need for promulgation of a common set of global accounting standards or, in other words, global convergence into a common language of accounting for the financial world. International Financial Reporting Standards (IFRS), the standards promulgated by the International Accounting Standards Board (IASB), appear to be emerging as the global accounting standards. The IASB standards are rapidly being adopted in a large number of countries all around the world. Most countries in Europe, including the member states of the European Union, will require listed companies to prepare their consolidated financial statements in accordance with IFRS instead of local requirements. Understanding and appreciating the fundamental principles and requirements of IFRS has become more important than ever before. In this new financial world, knowledge of the fundamental principles of IFRS is essential to meet the growing demands of a changing regulatory and market environment.

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

Appraise and apply the International regulatory framework and specified accounting concepts and theories to practical situations
Demonstrate an innovative, open and ethical mindset
Have advanced practical skills in financial reporting and interpreting accounting information under International Financial Reporting Standards
Prepare financial statements to comply with specified International Financial Reporting Standards
Use strong analytical skills and apply them to solve practical problems

Course Contents

Topic 1. Financial statement analysis under IFRS: an overview of basic concepts
Topic 2. Revenue
Topic 3. IFRS approach in Costing
Topic 4. IFRS for SMEs
Topic 5. Management measures and indicators for IFRS
Topic 6. Presentation and disclosure in Financial Reporting
Topic 7. Statement of Cash Flows
Topic 8. Investments
Topic 9. Accounting for Leases
Topic 10. Dilutive Securities and Earnings per Share

Assessment Elements

Final Exam
Individual, in-class, in SmartLMS, open-book
End-of-chapter test
Individual open book end-of-chapter test
Midterm test
Individual, in-class, in SmartLMS, open-book
Team project
Written, in small groups (3-4 students), presentation, open book

Interim Assessment

2023/2024 2nd module
0.2 * End-of-chapter test + 0.4 * Final Exam + 0.2 * Midterm test + 0.2 * Team project

Bibliography

Recommended Core Bibliography

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
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

Intermediate accounting. Vol.1: ., Kieso, D. E., 2011
Intermediate accounting. Vol.2: ., Kieso, D. E., 2011
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

Authors

CHURAKOVA IYYA YUREVNA
LEEVIK YULIYA SERGEEVNA

Магистерская программа «Финансы»

Контакты

EPAS accredited

Профессионально-общественная аккредитация 2018

International Standards and Consolidation of Financial Statements