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Establishment
Language of instruction
English
Teaching content
ACCOUNTING / AUDIT / CONTROL
This course occurs in the following program(s)
IESEG Degree - Programme Grande École
- Crédits ECTS: 2.00
Training officer(s)
S.VAN DER MEULEN
Stakeholder(s)
Sofie VAN DER MEULEN
Présentation
Prerequisite
Understand the basic concepts of financial accounting, as well as some more advanced topics such as revenue recognition, inventory operations, accounting for long-term asset categories. For most students, this requires having followed a basic introductory course to accounting, as well as an intermediate/advanced course.
Goal
Comment on:
- the accounting standards process
- on how standards come about
- on standard setters motivation in setting standards
- on the content of (a selection of) standards.
Apply (a selection of) specific standards to practical exercices and cases.
Have greater awareness about ESRS topics such as ethical reporting on leases and on consolidation issues, willingness of firms to voluntarily incorporate information over and above what is required by accounting standards.
- the accounting standards process
- on how standards come about
- on standard setters motivation in setting standards
- on the content of (a selection of) standards.
Apply (a selection of) specific standards to practical exercices and cases.
Have greater awareness about ESRS topics such as ethical reporting on leases and on consolidation issues, willingness of firms to voluntarily incorporate information over and above what is required by accounting standards.
Presentation
In this course, International Financial Reporting Standards will be studied. Given the extensive and evolving nature of the standards, a selection is made of a few topics which are relevant/specific to IFRS. Topics include business combinations, intangible assets, consolidation of group companies, joint ventures, financial instruments and hedging, market based valuation concepts and insurance contract accounting.
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours interactif | 16,00 | During the interactive lectures, students learn technical accounting issues and apply the theory afterwards to real life examples and cases. The presence is strongly recommended. | |
| Travail personnel | |||
| Charge de travail personnel indicative | 8,00 | review class material | |
| Group Project | 6,00 | In class assignments and homework | |
| Autoformation | |||
| Lecture du manuel de référence | 3,00 | Assignment preparation | |
| Recherche | 2,00 | ||
| Overall student workload | 35,00 | ||
Evaluation
Students will be graded on their course participation (exercices and cases) and a final exam.
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Contrôle continu | |||
| Participation | 16,00 | 1 | 10,00 |
| Examen (final) | |||
| Examen écrit | 2,00 | 1 | 60,00 |
| Autres | |||
| Rapport écrit | 0,00 | 6 | 30,00 |
| TOTAL | 100,00 | ||
Ressources
Bibliography
Alfredson et al., Applying International Financial Reporting Standards, 2nd edition 2009, ISBN 9780470819678 -
- Deegan and Ward, Financial Accounting and Reporting: An international approach, 2013 -
- Deegan and Ward, Financial Accounting and Reporting: An international approach, 2013 -
Internet resources
IESEG Online
Apart from the book of reference, the teaching equipment is composed of slides and additional exercises available on IESEG online.