Basic knowledge in accounting is required (not necessarily IFRS).

Lecture, cases, discussions

100 % final exam (60 minutes)

A list of references will be provided in class.

Winter term

After successful participation in this course, students
• Explain the historical development of international accounting and the institutional setting of the International Accounting Standards Board (IASB).
• Understand the conceptual mind-set of IFRS as outlined in the IASB’s Conceptual Framework and characterize the interplay between framework and standards.
• Summarize key accounting topics on recognition and measurement arising in specific standards in IFRS and apply them to examples and practical cases.
• Assess the pros and cons associated with internationalization in accounting, IASB policies and specific concepts and standards in IFRS.
• Develop suggestions on possible ways forward regarding IFRS standard-setting and implementation in light of practical concerns and research insights

Lecture 2 SWS (30 hours class instruction; 45 hours self-study)
Tutorials 2 SWS (30 hours class instruction; 45 hours self-study)

The calculation is based on 15 semester weeks (14 lecture weeks + 1 exam week) and each SWS is included in the calculation with 60 minutes.

The course is taught in English.

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