International Management

International Financial Reporting Standards

Lecture, 1.00 ECTS

 

Course content

Introduction to International Accounting and the ability to make the judgements that are necessary to apply principle-based accounting standards.

Learning outcomes

After completion of this module, the students can ..... Differentiate between corporations and associations; ..... Solve simple case studies on the establishment of companies as well as liquidation, liability and profit division; ..... Discuss the main concepts of liability of CEOs. Legal principles of annual statements (UGB), how to get a balance sheet and income statement. Introduction to International Financial Reporting Standards.

Recommended or required reading and other learning resources / tools

Textbook: Gurmann, S. (2014) Grundzüge des Gesellschafts- und Insolvenzrechts (Linde Wien); Grohmann-Steiger,Schneider, Dobrovits: Einführung in die Buchhaltung im Selbststudium, 21. Auflage, Wien 2016; different annual reports; aktuelle Geschäftsberichte; Weber, 5 vor Jahreabschluss, nwb, 2014;Hoffmann - Lüdenbach (Hrsg.) IAS/IFRS -Texte; Grünberger, IFRS 2016, 13. Auflage, 2015.
Journals: Das Recht der Wirtschaft (RdW), Wirtschaftsrechtliche Blätter, ecolex

Mode of delivery

ILV, 1 THW, 1 Groups, 1 ASWS

Prerequisites and co-requisites

None

Assessment methods and criteria

Lecture: final exam