International Accounting II
level of course unit
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
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
number of ECTS credits allocated
planned learning activities and teaching methods
Lecture, group work, presentation and task discussion
semester/trimester when the course unit is delivered
name of lecturer(s)
Dipl.-Kffr., Dr. Galkiewicz Dominika
year of study
recommended optional program components
course unit code
type of course unit
mode of delivery