Information on individual educational components (ECTS-Course descriptions) per semester

Degree programme: Bachelor International Business Part-time
Type of degree: FH Bachelor´s Degree Programme
Part-time
Summer Semester 2022

Course unit title Group Accounting and IFRS
Course unit code 025027041121
Language of instruction English
Type of course unit (compulsory, optional) Compulsory optional
Semester when the course unit is delivered Summer Semester 2022
Teaching hours per week 2
Year of study 2022
Number of ECTS credits allocated First Cycle (Bachelor)
Number of ECTS credits allocated 3
Name of lecturer(s) Marco GEHRIG


Prerequisites and co-requisites

Basic courses of the module Accounting & Finance


Course content

This course presents the requirements of the consolidated financial statements. There will be discussions on which companies are obliged to prepare consolidated financial statements and what components there are. For this, recognition, measurement and selection rules are introduced. The classification of capital consolidation, debt consolidation, expense and income consolidation and interim success elimination according to the Austrian Business Enterprise Code and IFRS are acquired. Comparative legal peculiarities in the Austrian Business Enterprise Code and IFRS are included in each chapter.


Learning outcomes

Knowledge - Students know the importance and need for consolidated financial statements. - Students know the legal basis of consolidated financial statements. - Students are able to name and describe facts that lead to the creation of consolidated financial statements being necessary. - Students know exceptions to the compulsory creation of consolidated financial statements. - Students know the basics and fundamental principles of IFRS financial statements. Students know the principles of consolidated financial statements. - Students are able to define and describe the scope of consolidation according to the Austrian Business Enterprise Code and IFRS. - Students know the classification of capital consolidation, debt consolidation, the expense and income consolidation and interim success elimination according to the Austrian Business Enterprise Code and IFRS. - Students are able to explain the different valuation methods according to the Austrian Business Enterprise Code and IFRS. - Students know the components of consolidated financial statements according to the Austrian Business Enterprise Code and IFRS. Comprehension - Students are able to understand the basic corporate and legal concepts and to explain the meaning of consolidated financial statements. - Students are able to orient themselves in the third book of the Business Enterprise Code and the IFRS Code. - Students understand the classification of various consolidation types. - Students are able to discuss the valuation methods according to the Austrian Business Enterprise Code and IFRS. Application - Students are able to state whether there is an obligation to prepare consolidated financial statements. - Students are able to create a consolidated group according to the Austrian Business Enterpirse Code and IFRS. - Students are able to create a capital consolidation, debt consolidation, expense and income consolidation and interim success elimination according to the Austrian Business Enterprise Code and IFRS. - Students are able to apply different valuation methods according to the Austrian Business Enterprise Code and IFRS. Analysis - Students are able to analyse and interpret relevant consolidated annual reports. Synthesis - Students are able to give recommendations for the design of group accounting.


Planned learning activities and teaching methods

Presentation by lecturers, exercises/case studies as an individual/ in a group


Assessment methods and criteria

Comprehensive written examination


Comment

None


Recommended or required reading

LLP, Ernst & Young (2020): International GAAP 2020. Newark: John Wiley & Sons, Incorporated. Online im Internet: URL: public.eblib.com/choice/PublicFullRecord.aspx

Wilson, R. M. S; Adler, Ralph William (2012): Teaching IFRS. London; New York: Routledge. Online im Internet: URL: public.ebookcentral.proquest.com/choice/publicfullrecord.aspx


Mode of delivery (face-to-face, distance learning)

Face-to-face