Master
2024/2025
International Standards and Consolidation of Financial Statements
Type:
Compulsory course (Finance)
Area of studies:
Finance and Credit
Delivered by:
Department of Finance
When:
1 year, 4 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Master’s programme:
Finance
Language:
English
ECTS credits:
3
Course Syllabus
Abstract
Achieving consistency in financial reporting worldwide is the need of the hour, especially if meaningful comparisons are to be made of financial information emanating from different countries using accounting standards that, until recently, were vastly different from each other. Thus, there has arisen the urgent need for promulgation of a common set of global accounting standards or, in other words, global convergence into a common language of accounting for the financial world. International Financial Reporting Standards (IFRS), the standards promulgated by the International Accounting Standards Board (IASB), appear to be emerging as the global accounting standards. The IASB standards are rapidly being adopted in a large number of countries all around the world. Most countries in Europe, including the member states of the European Union, will require listed companies to prepare their consolidated financial statements in accordance with IFRS instead of local requirements. Understanding and appreciating the fundamental principles and requirements of IFRS has become more important than ever before. In this new financial world, knowledge of the fundamental principles of IFRS is essential to meet the growing demands of a changing regulatory and market environment.