Insurance Management

International GAAP

Integrated course, 3.00 ECTS

 

Course content

During this course students acquire a solid understanding of balance sheets and income and cash flow statements that are prepared in line with international accounting standards such as IFRS/US GAAP. Special attention is given to the connection between the various parts of a company's financial accounts. The second part of the course focuses on the reporting for banks and insurance companies.

The core contents of this course include:
[1] Financial reporting principles; international accounting standards;
[2] Structure of financial reports;
[3] Key financial reporting items;
[4] Connection between B/S, P/L and CF statements;
[5] Structure of bank/insurer reports;
[6] IFRS standards with particular relevance in the banking/insurance sector (IFRS 4, 7, 9 and IAS 32, 39, as of 10/2013).
[7] Case study: analysing financial reports.

This course may be taught in English.

Learning outcomes

Graduates can derive essential company information from quarterly and annual reports published according to international accounting standards, in particular they understand the specifics of bank or insurance financial statements.

Recommended or required reading and other learning resources / tools

References: Albrecht/Maurer (2008): Investment- und Risikomanagement, Schaefer-Poeschel. Bessler et al (2013): Asset Management and International Capital Markets, Routledge. Fabozzi (ed., 2011): The Theory and Practice of Investment Management: Asset Allocation, Valuation, Portfolio Construction, and Strategies, Wiley. Franke et al (2010): Statistics of Financial Markets: An Introduction, Springer. Hull (2012): Risk Management and Financial Institutions, Wiley. McNeil et al (2005): Quantitative Risk Management.
Steiner/Jankovic (2017): Der Jahresabschluss nach IFRS; Althoff (2012): Einführung in die internationale Rechnungslegung: Die einzelnen IAS/IFRS, Gabler. Coenenberg et al (2012): Jahresabschluss und Jahresabschlussanalyse, Schäffer-Poeschel. Küting et al (2010): Der Konzernabschluss, Schäffer-Poeschel. Pellens et al (2011): Internationale Rechnungslegung, Schäffer-Poeschel. PWC (2012): IFRS für Banken: Band I und II, pwc. Rockel et al (2012): Versicherungsbilanzen, Schäffer-Poeschel. Werner/Padberg (2006): Bankbilanzanalyse, Schäffer-Poeschel. Zielke (2005): IFRS für Versicherungen, Gabler.
Academic journals: Financial Markets and Portfolio Management, Journal of Asset Management.

Mode of delivery

3 ECTS: Lecture

Prerequisites and co-requisites

n/a

Assessment methods and criteria

Lecture: final exam