Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
This course provides overview of most significant international financial reporting standards (IFRSs) and includes illustrative financial statements, case studies and examples. Additionally, the students will learn to know the challenges that enterprises and auditors are facing in applying them.
Credits: 6
Schedule: 25.04.2019 - 29.05.2019
Teacher in charge (valid 01.08.2020-31.07.2022): Nina Sormunen
Teacher in charge (applies in this implementation): Hannu Ojala
Contact information for the course (valid 04.04.2019-21.12.2112):
Hannu Ojala Professor (act.), Ph.D.(Econ.), M.A. (Educ.)
hannu.ojala@aalto.fi
Nina Sormunen Ph.D.(Econ.)
nina.sormunen@aalto.fi
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
To work as company controller and be able to contribute to the preparation of financial statements according to international accounting standards. To work as an auditor and being able to audit IFRS financial statements. To work as a financial analyst and being able to analyze IFRS-prepared financial statements.
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
Lectures, cases, and class discussions.
Written examination (60%) and term paper (40%) that are based on the lectures and course literature.
Applies in this implementation:
Mandatory pre-assignment due at noon (12:00) on Friday 26.4.2019
Term paper (prepared in teams of three) due noon (12:00) on Tuesday 21.5.2019
Term paper (40% of grade)
At least one member of each group needs to be present in term paper presentations (Thursday 23.4. and Friday 24.5.) or alternative video presentations and feedback shall be provided. Each group provides feedback to another group (feedback groups will be announced on Tuesday 21.5.2019 at 3 pm.).
Please note that you should select an IAS/IFRS-standard for your term paper using a discussion group tool on the "Assignments" page.
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
Melville Alan (2019). International Financial Reporting A Practical Guide.
Prerequisites
Valid 01.08.2020-31.07.2022:
At least three financial accounting courses.
Additionally, the course has a mandatory assignment that need to be completed before the first lecture.