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| GEST0591-1 | International Accounting
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| Duration : | 30h Th |
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| Credits/ECTS : |
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| Holder(s) : | Henri Olivier |
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| Language : | Langue anglaise |
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| Course contents : | The first part of the course aims at understanding the standard setting architecture including the main elements of the European regulation in this field.
The second part focuses on the conceptual framework in order to identify the main differences between financial reporting systems in particular IFRS, US GAAP and the traditional Belgian system.
The third part consists of an analysis of some IFRSs presenting substantial differences compared to the 4th EU accounting Directive.
It is useful to note that an additional 15 h. seminar in the French language surveys the main features of the standards which have not been studied in the main course. |
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| Course objective : | C.1. The course provides understanding of the standard setting process and the interprétation of IFRSs. Also the framework of IFRSs and the theoretical justification of standards is analysed.
C.3 Students are asked to analyse the practices of companies in difficult issues of financial reporting combining economics, accounting and finance.
C.4. The course implies critical analysis of international litterature and opinions expressed in the due process preceeding the adoption of financial reporting standards. |
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| Prerequisites : | Good knowledge of accounting principles. |
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| Workshops : | Students (in groups of 4 to 5) are asked to make a presentation on the analysis of accounting practices of three companies, answering specific questions defined in advance. |
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| Organization : | Learning will be based on lectures, personal readings and discussion of cases for an equivalent of 30 h.. Lectures will be given in the second half of the year. |
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| Written notes : | Slides are available on the Internet.
- IASB "International Financial Reporting Standards 2007".
- Alexander D. Britton A. and Jorissen A. "International Financial Reporting and Analysis" Ed Thomson Learning 2d ed. 2005 |
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| Assessment : | The above mentioned case study is evaluated. |
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| Contacts : | Henri.Olivier@ulg.ac.be |
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| Remarks : | Language of the lectures : English |
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