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Course Syllabus

2024/2025

Topics in Corporate Reporting under IFRS

Type: Mago-Lego
Delivered by: School of Finance
When: 4 module
Open to: students of all HSE University campuses
Instructors: Sergey A. Kuzubov
Language: English
ECTS credits: 3

Course Syllabus

Full SyllabusAsk Question

Abstract

This course provides an in-depth examination of consolidated financial statements and sustainability reporting under International Financial Reporting Standards (IFRS). Students will learn the concepts, principles, and requirements for preparing consolidated financial statements, including business combinations, non-controlling interests, intercompany transactions, and disclosures. The course will also cover sustainability reporting topics such as environmental, social, and governance (ESG) disclosures, integrated reporting, and the IFRS Sustainability Disclosure Standards. Real-world case studies will be used to analyze financial reporting practices.Prerequisites for the "Consolidated and Sustainability Reporting under IFRS" course:Financial Accounting Basics of accounting and financial reporting. Understanding of key financial statements - statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows.Financial Analysis Skills to analyze and interpret financial statements. Understanding of key financial ratios. Assessment of a company's financial standing.International Financial Reporting Standards (IFRS) Understanding of the nature, framework and requirements of IFRS. Differences between IFRS and local financial reporting standards.Risk Management Concept of risks, their assessment and risk management methods in companies. Risk-based thinking.Corporate Governance Understanding principles and mechanisms of corporate governance. Interrelation between corporate governance, sustainability and disclosure of non-financial information.These disciplines provide the necessary foundation of knowledge required for studying consolidated and sustainability reporting under IFRS.
Learning Objectives

Learning Objectives

  • The course is aimed at developing competencies in the field of preparation of consolidated financial statements of a group of companies and disclosure of sustainability information to different stakeholders
Expected Learning Outcomes

Expected Learning Outcomes

  • - Explain the rationale for consolidated financial statements under IFRS
  • - Identify subsidiaries and determine when consolidation is required
  • - Apply acquisition and consolidation accounting for business combinations
  • - Account for non-controlling interests and changes in ownership interests
  • Define what an associate company is under accounting standards and explain the significant influence that an investor has in an associate
  • Apply the equity method to account for an investment in an associate,
  • - Eliminate intercompany transactions and balances in consolidated financial statements
  • - Prepare consolidated financial statements and related disclosures
  • - Understand emerging issues in sustainability reporting under IFRS
  • - Analyze ESG disclosures using the IFRS Sustainability Disclosure Standards
Course Contents

Course Contents

  • Introduction to groups.
  • Consolidation principles and techniques
  • Accounting for non-controlling interests and changes in ownership
  • Intra-group transactions.
  • Investments in Associates and Joint Ventures
  • Sustainability Reporting Concepts:
  • Sustainability Reporting Practices
Assessment Elements

Assessment Elements

  • non-blocking Class participation
  • non-blocking Case study assignments
  • non-blocking Midterm quiz
  • non-blocking Final exam
Interim Assessment

Interim Assessment

  • 2024/2025 4th module
    0.4 * Case study assignments + 0.1 * Class participation + 0.3 * Final exam + 0.2 * Midterm quiz
Bibliography

Bibliography

Recommended Core Bibliography

  • ACCA : financial reporting (FR), , 2020
  • Ataur Belal, & Stuart Cooper. (2018). Sustainability Accounting : Education, Regulation, Reporting and Stakeholders: Vol. First edition. Emerald Publishing Limited.
  • BPP Learning Media (Firm). (2017). ACCA Paper F7 (Vol. Eleventh edition). London: BPP Learning Media. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1515138
  • Krimpmann, A. (2015). Principles of Group Accounting Under IFRS. Chichester, West Sussex, UK: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=968959
  • Perrini, F. (2006). The Practitioner’s Perspective on Non-Financial Reporting. California Management Review, 48(2), 73–103. https://doi.org/10.2307/41166339

Recommended Additional Bibliography

  • Zabihollah Rezaee, Judy Tsui, Peter Cheng, and Gaoguang Zhou. 2019. Business Sustainability in Asia : Compliance, Performance, and Integrated Reporting and Assurance

Authors

  • KUZUBOV SERGEY ANATOLEVICH