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| GEST1048-1 | International accounting norms | |||||||||||
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| Duration : | 30h Th | |||||||||||
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| Holder(s) : | Patrice Schumesch | |||||||||||
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| Course contents : | 1.Introduction : objectives and outline of the course 2. Legal context History Elaboration process of IAS standards and the bodies (IASB, SAC, SIC) IAS int he EU and in Belgium (recent developments) Outline of the standards in force. 3. Presentation of the main IAS standards. Main principles - conceptuel framework Presentation of the financial statements (IAS 1) Main IAS standards Balance sheet : intagible assets (IAS 38), tangible assets (IAS 16), rental contracts (IAS 17), Investment property (IAS 40), stocks (IAS 2), current contracts (IAS11°, public subsidies (IAS 20), provisions (IAS 37), staff benefits (IAS 19), taxes (IAS 12) Income statement : acknowledgement of profits (IAS 18), effect of foreign currencies (IAS 4), borrowing expenses (IAS 23), loss in valve of assets (IAS 36), financial instruments (IAS 39). Appendices : cash-flow statement (IAS 37), post closing events (IAS 10), profit per share (IAS 33) 4. Main differences between IAS and Belgian accounting law ; overview - illustrations 5. Conclusions | |||||||||||
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| Course objective : | To introduce students to the new international rules of accounting | |||||||||||
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| Prerequisites : | FIN 505 Accounting & Finance FIN 504 Corporate Accounting FIN 397 Financial management and Corporate Assessment | |||||||||||
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| Organization : | To be defined ( new course) | |||||||||||
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| Assessment : | To be defined | |||||||||||
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ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 27/02/2006
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