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International Consolidated Financial Reporting

Module name (EN): International Consolidated Financial Reporting
Degree programme: Accounting and Finance, Master, ASPO 01.10.2012
Module code: MRPF-240
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 6
Semester: 2
Mandatory course: yes
Language of instruction:
German
Assessment:
Written exam (120 minutes / can be repeated semesterly)
Curricular relevance:
MRPF-240 Accounting and Finance, Master, ASPO 01.10.2012, semester 2, mandatory course
MARPF-140 Accounting and Finance, Master, ASPO 01.04.2016, semester 1, mandatory course
Workload:
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:
Module coordinator:
Prof. Dr. Jochen Pilhofer
Lecturer:
Prof. Dr. Jochen Pilhofer


[updated 30.08.2012]
Learning outcomes:
After successfully completing this module, students will:
- have a comprehensive understanding of the main features of consolidated accounting and, as a result, in-depth knowledge of consolidated accounting in an international accounting environment;
- be able to independently prepare and analyze consolidated financial statements in accordance with International Financial Reporting Standards (IFRS);
 
 
- be familiar with the most important consolidation techniques and methods and be able to apply them to practical problems;
 
 
- be able to fully assess the scope for design and discretion in terms of balance sheet policy with regard to the net assets, financial position and operating results;
 
- be able to explain the differences to the corresponding provisions of German accounting law (HGB standards and supplementary DRS standards);
 
 
- be able to apply their knowledge to practice-oriented questions, e.g. in the form of exercises and case studies.
 
I. Principles of consolidated accounting


[updated 05.12.2019]
Module content:
 
   a. Conceptual and legal foundations
   b. Obligation to prepare consolidated financial statements
   c. Differentiating the scope of consolidation
II. Deferred taxes
III. Preparatory measures prior to consolidation
IV. Full consolidation
   a. Capital consolidation
   b. Debt consolidation
   c. Elimination of intercompany profit/loss
   d. Expense and income consolidation
V. Equity method/proportional consolidation method
VI. (Other) components of a consolidated financial statement

[updated 05.12.2019]
Teaching methods/Media:
Lecture and tutorial

[updated 05.12.2019]
Recommended or required reading:
Küting/Weber: Der Konzernabschluss, Stuttgart, latest edition.
Baetge/Kirsch/Thiele: Konzernbilanzen, Düsseldorf, latest edition.
Gräfer/Scheld: Grundzüge der Konzernrechnungslegung, Berlin, latest edition.
Coenenberg et al.: Jahresabschluss- und Jahresabschlussanalyse, Stuttgart, latest edition.
Steiner/Orth/Schwarzmann: Konzernrechnungslegung nach HGB und IFRS, Stuttgart, latest edition.
Hommel/Wüstemann: Konzernbilanzierung case by case, Heidelberg. latest edition.


[updated 05.12.2019]
[Mon Jul 13 06:53:35 CEST 2020, CKEY=rik, BKEY=rpfm, CID=MRPF-240, LANGUAGE=en, DATE=13.07.2020]