Accounting for Financial Instruments
- Teacher(s): N.Rudolf
- Course given in: English
- ECTS Credits: 3 credits
- Schedule: Autumn Semester 2022-2023, 2.0h. course (weekly average)
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sessions
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course website
- Related programme: Master of Science (MSc) in Accounting, Control and Finance
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ObjectivesThe lecture introduces the IFRS standards used to account for financial instruments and discusses their informational impact on capital markets. After an introduction that will touch on the institutional background of the international harmonization process in financial reporting, we will focus on key accounting issues related to financial instruments. We will illustrate the effects using current accounting practices of multinational entities, go into major research findings and apply the knowledge to case studies from accounting practice. We will conclude the lecture by an assessment of the importance of accounting for corporate governance and controlling (inside perspective) and for capital-market-oriented financial statement analysis (outside perspective). Students will
ContentsThe bi-weekly lectures combine theoretical concepts and practical insights on IFRS application. We will discuss the content and the implications of relevant IFRS regulations related to financial instruments. Frequent examples, exercises and cases will further deepen the understanding of issues in the practical implementation of IFRS reports. In addition, these exercises intend to specifically prepare students for exam questions. The course is organized three main parts:
(1) Introduction to Financial Instruments Accounting (2) Financial Assets (3) Equity and Liabilities
You find a more detailed outline in the course schedule on Moodle (forthcoming) ReferencesComplementary Readings (voluntary): Picker, R. et al. (2016): Applying IFRS Standards, 4th edition, Chichester, West Sussex / UK: John Wiley & Sons. ISBN: 978-1119159223 (print), 978-1119250777 (electronic). Ernst & Young (2020): International GAAP 2020, 15th edition, Chichester, West Sussex / UK: John Wiley & Sons. ISBN: 978-1119669944 (print), 978-1119669968 (electronic).
Text Version of IFRS Standards The official version of the standards is available for free through http://eifrs.ifrs.org/eifrs/UnaccompaniedIfrs after registration and will be made available on Moodle. Suggested alternatives (for purchase): — IASB (2020): IFRS Standards, London / UK: IFRS Foundation. ISBN: 978-1-911629-46-7. (eIFRS access is available through shop.ifrs.org.) — Wiley (2020). International Financial Reporting Standards (IFRS) 2020, Weinheim: Wiley-VCH. ISBN: 978-3-527-51029-0.
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