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International Accounting and Taxation

Module name (EN):
Name of module in study programme. It should be precise and clear.
International Accounting and Taxation
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Management, Master, ASPO 01.10.2020
Module code: MAIM-122
SAP-Submodule-No.:
The exam administration creates a SAP-Submodule-No for every exam type in every module. The SAP-Submodule-No is equal for the same module in different study programs.
P420-0273, P620-0121
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
4V (4 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
6
Semester: 1
Mandatory course: yes
Language of instruction:
English
Assessment:
Written exam (120 minutes / can be repeated semesterly)

[updated 30.01.2020]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

DFMM-MAIM-122 Management Sciences, Master, ASPO 01.10.2018 , semester 1, mandatory course
MAIM-122 (P420-0273, P620-0121) International Management, Master, ASPO 01.10.2016 , semester 1, mandatory course
MAIM-122 (P420-0273, P620-0121) International Management, Master, ASPO 01.10.2020 , semester 1, mandatory course
Workload:
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 180 hours (equivalent to 6 ECTS credits).
There are therefore 135 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
None.
Recommended as prerequisite for:
MAIM-322 International Management Workshop


[updated 30.01.2020]
Module coordinator:
Prof. Dr. Jochen Pilhofer
Lecturer:
Prof. Dr. Christoph Freichel
Prof. Dr. Jochen Pilhofer


[updated 09.03.2020]
Learning outcomes:
Sub-module “IFRS”:
Students will be able to:
• describe, summarize and interpret the conceptual and institutional basics of International Financial
  Reporting Standards (IFRS)
• analyze and reflect accounting principles according to International Financial Reporting Standards (IFRS)
  with respect to selected (complex) accounting topics (for example,  intangible assets, deferred taxes, accruals,
  leasing, revenue recognition, financial instruments, impairment testing etc.) and summarize the differences
  compared to national accounting law
• illustrate accounting options, accounting estimates and accounting judgments based on practical case studies
 
 
Sub-module "International Taxation":
At the end of the course, students should be able to,
- to define the term "taxes", to distinguish between different types of taxes and to know the most important terms of taxation
- reproduce the seven types of income with their special features,
- to show differences in the income taxation of partnerships and corporations and to calculate a comparison of tax burdens,
- reproduce characteristics and essence of corporate tax,
- to reflect the characteristics and essence of the trade tax and claculate the trade tax,
- to deal with the basic features of value added tax,
- applying the principles of international tax law to a variety of problems.


[updated 14.01.2020]
Module content:
Sub-module “IFRS”:
I Introduction to International Financial Reporting Standards
1.    Objectives, Definition and Requirments of Financial Statements
2.    Financial Accounting versus Business Reporting
3.    History of the IASB
4.    EU Regulation 1606/2002
5.    EU Endorsement Process
II Reflection of selected accounting topics based on practical case studies
1.    Property, Plant and Equipment
2.    Intangibles
3.    Leasing
4.    Inventories
5.    Liabilities, Provisions and Contingent Liabilities
6.    Financial Instruments
7.    Deferred Taxes
8.    Revenue Recognition
9.    Impairment of Assets
III Outlook
 
 
Sub-module "International Taxation":
1. General Taxation
2. Income Tax
3. Corporate Tax
4. Trade Tax
5. VAT (Value Added Tax)
6. International Tax Law


[updated 14.01.2020]
Teaching methods/Media:
The course combines lectures, case studies, group and individual work and requires a large amount of student participation

[updated 05.03.2020]
Recommended or required reading:
Sub-module “IFRS”:
Christian/Lüdenbach: IFRS Essentials, current edition.
Coenenberg et al.: Jahresabschluss und Jahresabschlussanalyse, Landsberg/Lech, current edition.
Pellens et al.: Internationale Rechnungslegung, Stuttgart, current edition.
Zülch/Hendler: Bilanzierung nach International Financial Reporting Standards, Weinheim, current edition.
 
 
Sub-module "International Taxation":
Djanani, C. et al.: German Income Tax, Frankfurt am Main, current edition


[updated 14.01.2020]
[Wed Feb  8 09:13:23 CET 2023, CKEY=iiaat, BKEY=imm4, CID=MAIM-122, LANGUAGE=en, DATE=08.02.2023]