Бакалавриат 2024/2025

Международные стандарты финансовой отчетности

Статус: Курс обязательный (Управление бизнесом)

Направление: 38.03.02. Менеджмент

Кто читает: Департамент финансового менеджмента

Где читается: Высшая школа бизнеса

Когда читается: 3-й курс, 3, 4 модуль

Формат изучения: без онлайн-курса

Охват аудитории: для своего кампуса

Преподаватели: Вахрушина Алина Александровна, Леевик Юлия Сергеевна

Язык: английский

Кредиты: 4

Course Syllabus

Abstract

The course is designed to introduce a number of theoretical approaches to financial accounting and develop background for preparing financial statements of the company under alternative accounting conventions (mainly under International Financial Reporting Standards (IFRSs)). The course describes a number of regulatory issues relating to financial accounting and explores the detailed issues and problems of financial reporting. It provides basic skills in recording and interpretation of financial data and covers basic techniques of financial analysis. The course requires the knowledge of basics of accounting and microeconomics.

Learning Objectives

• The core objective of the course is to sensitize students to the international dimensions of financial reporting and analysis. The course combines theoretical concepts underlying the presentation of financial statements with the practical techniques of accounting analysis.

Expected Learning Outcomes

• Understand how accounting rules are established, and why those management can shape the financial information communicated to outsiders and still be within those rules.
• Prepare a statement of cash flows from comparative balance sheet data, an income statement, and other financial information.
• Determine reportable segments.
• Understand how financial statements are translated under the current and temporal rate methods.
• Apply the equity method and the fair value option.
• Understand how consolidated financial statements are prepared under the acquisition method, and how noncontrolling interests are measured and reported.
• Understand the difference between various inventory cost flow assumptions: weighted average, FIFO and LIFO.
• Understand the matching principle and how it is applied to recognize revenues and expenses under accrual accounting.

Course Contents

• Topic 1. The Economic and Institutional Setting for Financial Reporting
• Topic 2. Accrual Accounting and Income Determination
• Topic 3. Revenue Recognition
• Topic 4. Structure of the Balance Sheet
• Topic 5. Receivables
• Topic 6. Inventories
• Topic 7. Long-Lived Assets
• Topic 8. Income Tax Reporting
• Topic 9. Financial Reporting for Owners’ Equity
• Topic 10. Intercorporate Investments
• Topic 11. Accounting for Foreign Operations and Segment Reporting
• Topic 12. Statement of Cash Flows

Assessment Elements

• Team Project
  Every group has to prepare a presentation about the findings of their analysis. The following requirements must be met: • Content: the presentation must include a descriptive analysis of any patterns across the companies that you as a team observe comparing and contrasting them according to the list of questions. • Format: as relevant and creative as it can be. Non-blocking form of control.
• Final Exam Test
  The final exam test is performed in the automatic verification format - SmartLMS. Individual, in-class, closed-book. Duration: 80 min.
• In-Class Activity
  Written/Oral/SmartLMS. Individual or in small groups, in-class. Questions, exercises, discussions, presentations. Non-blocking form of control.
• Creative Homework
  Creative development of accompanying materials: 1. Glossary (multimedia quiz or game to test the knowledge of terms); 2. Summary (presenting brief and main conclusions on the chosen topic - compact and informative poster, format A4); 3. Short video (presenting the chosen topic). Non-blocking form of control.
• Midterm Test
  The midterm test is performed in the automatic verification format at the computer class of GSB HSE - SmartLMS. Individual, in-class, closed-book. Duration: 80 min. Non-blocking form of control.

Interim Assessment

• 2024/2025 4th module
  0.05 * Creative Homework + 0.5 * Final Exam Test + 0.15 * In-Class Activity + 0.2 * Midterm Test + 0.1 * Team Project

Bibliography

Recommended Core Bibliography

• David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, & Collette Kirwan. (2020). International Financial Reporting & Analysis, Edition 8: Vol. Eighth edition. Cengage Learning.
• Financial accounting : international student edition, Libby, R., 2023

Recommended Additional Bibliography

• Международные стандарты бухгалтерского учета=International Accounting Standards (IAS) : учебное пособие / Н. Т. Васильцова, Ж. М. Саркисян, В. А. Казачков [и др.] ; под общ. ред. Н. Т. Васильцовой. — Москва : Русайнс, 2024. — 282 с. — ISBN 978-5-466-05144-5. — URL: https://book.ru/book/952725 (дата обращения: 27.08.2024). — Текст : электронный.

Authors

• GLADKOVA MARGARITA ANATOLEVNA
• LEEVIK Iuliia SERGEEVNA