International Financial Reporting Standards 1, 2

2024/2025

Учебный год

ENG

Обучение ведется на английском языке

6

Кредиты

Кто читает:

Отдел сопровождения учебного процесса в магистратуре

Статус:

Курс обязательный

Когда читается:

1-й курс, 1, 2 модуль

Преподаватель

Кузубов Сергей Анатольевич

Course Syllabus

Abstract

This course is designed for graduate students who have some knowledge accounting methods and practices. The course covers International Financial Reporting Standards (IFRS) Concepts Framework and major formats of financial statements according to IFRS. Following that, the course is focused on recognition, measurement, and disclosure for such elements of financial accounting as Cash and Cash Equivalents, Receivables, Inventory and biological assets, Long-term Fixed and Intangible assets. The course includes the concepts of accounting and reporting for Lease operations (financial and operating leases). This course is a part of compulsory core courses of the online Master degree program and is designed to ensure the basic professional competences of the master student in the field of financial reporting.

Learning Objectives

• formation of students' comprehensive view of financial statements compiled in accordance with international standards

Expected Learning Outcomes

• - reflect business transactions on financial accounts in accordance with IFRS and perform accounting procedures at each stage of the accounting cycle; - analyze the main provisions of IFRS standards, scope, objectives and methods of their application; - analyze the financial statements of organizations prepared in accordance with IFRS;
• - understand the role of international standards in the process of globalization of the economy and the role of IFRS in increasing the reliability of the information economic space. - get a comprehensive understanding of the global approach to the financial accounting system; - apply international financial reporting rules (i.e International Financial Reporting Standards/IFRS - IAS, IFRS)

Course Contents

• The conceptual and regulatory framework for financial reporting
• An overview of the standards: Accounting for Assets and Financial Instruments
• Recording transactions and events
• How to prepare financial statements
• Cash Flows: Introduction and Basic Definition
• How to analyze and interpret the financial statements
• Accounting for Long-term Assets
• Accounting in a Nutshell

Assessment Elements

• Оцениваемые тесты
• Финальный проект

Interim Assessment

• 2024/2025 2nd module
  0.8 * Оцениваемые тесты + 0.2 * Финальный проект
• 2025/2026 1st module
  1 * 2024/2025 2nd module

Bibliography

Recommended Core Bibliography

• Association of Chartered Certified Accountants (Great Britain), & BPP Learning Media (Firm). (2017). ACCA : For Exams in September 2017, December 2017, March 2018 and June 2018: Vol. Eleventh edition. BPP Learning Media.

Recommended Additional Bibliography

• Kieso, D. E. (2014). Intermediate Accounting: Vol. Second edition. Wiley.

Authors

• VOLKOVA KIRA YUREVNA
• KRIVTSOVA EKATERINA ANDREEVNA
• KUZUBOV SERGEY ANATOLEVICH
• SOBOLEVA OKSANA ALEKSANDROVNA