 | | |
| FINA0066-1 | Consolidation and IFRS
|
|
| Duration : | 30h Th |
|
| Number of credits : |
|
|
| Lecturer : | Henri Olivier |
|
Language(s) of instruction :
|
| English language |
|
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 the analysis of complex problems of financial reporting in multinational companies, with a special emphasis on consolidation techniques |
|
Learning outcomes of the course :
|
| 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. |
|
Prerequisites and co-requisites/ Recommended optional programme components :
|
| Advanced knowledge in financial reporting |
|
Planned learning activities and teaching methods :
|
| Students (in groups of 4) are asked to make a presentation on the analysis of accounting practices of three companies, answering specific questions defined in advance. |
|
Mode of delivery (face-to-face ; distance-learning) :
|
| Lectures, presentations and papers are in the English language.
Learning will be based on lectures, personal readings and discussion of cases.
Lectures will be given on Friday from 13:00 to 17:00 h from 10 February 2012. |
|
Recommended or required readings :
|
| Slides are available on the Internet.
Advised textbooks:
- Melville A, "International Financial Reporting" Pearson ed, 2009
- Alexander D. Britton A. and Jorissen A. "International Financial Reporting and Analysis" Ed Thomson Learning 3d ed. 2007 |
|
Assessment methods and criteria :
|
| Additionally to a written test, the above mentioned case study is evaluated as well as the contribution to the discussions during the lectures. |
|
Contacts :
|
| Henri.Olivier@ulg.ac.be |
|
