GRA 6297 Financial Reporting II
GRA 6297 Financial Reporting II
The course is about preparing and understanding financial statements according to International Financial Reporting Standards (IFRS). IFRS is an internationally accepted set of accounting standards used by listed firms in the EU/EEA and elsewhere in the world. Expertise in IFRS is needed for professional auditors, accounting preparers, and accounting users. The course is compulsory for students in the Master of Accounting and Auditing.
The course will be set up as a flipped classroom. This means that students are expected to study the materials at home using the textbook and videos. They will also have to do exercises online to get access to the next videos. More difficult exercises will be dealt with in class.
After having completed the course, the students should have obtained advanced knowledge about essential topics in IFRS regulation such as fair value accounting and measurement, financial instruments, consolidation, fair value accounting for non-financial assets, impairments, and tax accounting.
At the end of the course, studens will be able to prepare consolidated and separate financial statements according to IFRS. Students will also be able to discuss IFRS regulation with reference to the IASB’s conceptual framework.
After the course, the students should be able to critically assess and apply current IFRS regulation and practice.
- Fair value accounting: theory and measurement
- Financial instruments
- Tax accounting
- Consolidation
- Fair value for non-financial assets
- Impairments
The course is set up as a flipped classroom. This means that students are expected to study the materials at home using the textbook and videos. They will also have to do exercises online to get access to the next videos. More difficult exercises will be dealt with in class. Students are expected to prepare for the more difficult exercises before coming to class.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
Students need to have taken GRA 6226 first before they can take the exam of GRA 6297.
| Assessments |
|---|
Exam category: School Exam Form of assessment: Written School Exam - digital Exam/hand-in semester: First Semester Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: GRA 62971 Grading scale: ECTS Resit: Examination when next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 12 Hour(s) | |
Student's own work with learning resources | 120 Hour(s) | |
Examination | 6 Hour(s) | |
Individual problem solving | 40 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.