International Business Studies FT
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International Accounting II

level of course unit

Advanced

Learning outcomes of course unit

Students will be able to
evaluate the central role of the International Financial Accounting Standards (IFRS) and understand the cultural differences in their application and the significance of these regulations in financial reporting.

Students will also be able to
understand the emergence and significance of the differences between annual financial statements prepared according to the IAS or the IFRS
independently prepare financial statements according to both the IAS and the IFRS regulations.

prerequisites and co-requisites

FI1

course contents

Students should develop the skills necessary to prepare and interpret a consolidated balance sheet which adheres to internationally recognised regulations, on the basis of the common consolidation methods. The content of the course is: fundamental differences to the Austrian Commercial Code; the scope of consolidation; consolidation principles and methods: full consolidation, consolidation of quotas, equity methods, pooling of interest methods; cash flow statements.

recommended or required reading

Doupnik (2011). International Accounting. McGraw-Hill.
Doupnik/Perera (2008). International Accounting. McGraw-Hill.
Choi/Meek (2010). International Accounting. Prentice Hall.

assessment methods and criteria

Written exam and/or scientific paper and/or presentation

language of instruction

English

number of ECTS credits allocated

3

planned learning activities and teaching methods

Lecture, group work, presentation and task discussion

semester/trimester when the course unit is delivered

2

name of lecturer(s)

Dipl.-Kffr., Dr. Galkiewicz Dominika

year of study

1st year

recommended optional program components

not specified

course unit code

V.FI2.3

type of course unit

compulsory

mode of delivery

In-class course

work placement(s)

not applicable