6 ECTS credits
172 u studietijd

Aanbieding 2 met studiegidsnummer 4001692FNR voor alle studenten in het 1e semester met een gespecialiseerd master niveau.

Semester
1e semester
Inschrijving onder examencontract
Niet mogelijk
Beoordelingsvoet
Beoordeling (0 tot 20)
2e zittijd mogelijk
Ja
Inschrijvingsvereisten
Studenten die dit opleidingsonderdeel opnemen, moeten minstens ingeschreven of geslaagd zijn voor ‘Jaarrekeninganalyse en Auditing’. Voor studenten in de Master of Business & Technology en voor studenten in de master International Business, gelden er geen bijkomende inschrijvingsvereisten. For students of the Master International Business and Master Business & Technology: no additional prerequisites
Onderwijstaal
Engels
Faculteit
Faculteit Sociale Wetensch & SolvayBusinessSchool
Verantwoordelijke vakgroep
Business
Onderwijsteam
Veronique Weets (titularis)
Thomas Selleslagh
Onderdelen en contacturen
30 contacturen Hoorcollege
142 contacturen Zelfstudie en externe werkvormen
Inhoud

The content of the course is as follows:

  • Introduction to international financial reporting: The first part of the course describes international financial accounting and gives the context for the study of IFRS (International Financial Reporting Standards)
  • Basic concepts in IFRS: Treats the basic concepts of international accounting, the choice of accounting policies and the presentation of financial statements.
  • Revenue recognition and inventories: Although basic concepts of revenue recognition are straight-forward, many accounting accidents are linked with the recognition of revenue. 
  • Accounting for fixed assets: How to treat property, plant and equipment and intangible assets in accordance with IFRS.
  • Accounting for non- financial liabilities: This part consists of the treatment of provisions and other non-financial liabilities
  • Financial instruments: In this part an introduction of accounting for financial instruments is given. 
Studiemateriaal
Digitaal cursusmateriaal (Vereist) : Advanced Accounting and International Financial Reporting, Weets V., Canvas
Bijkomende info

Teaching Methods

  • Lecture: collective contact-dependent moments during which the lecturer engages with learning materials.
  • Exercises or Practicals (Practical): collective or individual contact-dependent moments during which the students are guided to actively engage with learning materials
  • Independent or External Form of Study (Self): independent application of the material discussed in class on real IFRS financial statements

This description of the teaching methods is indicative, in order to assess the expected study load.

Regular students

Lectures including discussions of cases: 30 hours (10 x 3 hours)

Self:  142 hours

  • refreshing basic accounting: 24 hours (3 days of 8 hours)
  • preparation of the lectures using the reading material and preparing exercises, amounting to 4 hours per week: 52 hours (13 x 4 hours)
  • individual study of financial statements in accordance with IFRS, amounting to 2 hours per week: 26 hours (13 x 2 hours)
  • preparation exam: 40 hours (5 days of 8 hours)

Working students

There is no specific support for working students, but all lectures are recorded and available via Canvas.

Interessing links:
www.iasb.org
www.efrag.org
www.iasplus.com
http://europa.eu.int/comm/internal_market/accounting/ias_en.htm#adopted-commission

Leerresultaten

Algemene competenties

Students have to describe the accounting treatment of a transaction linked with the topics discussed in an open-book exam. For the answer they might have give journal entries, amortisation tables, etc. This answer has to be theoretically well-founded with links to the standards discussed or to basic accounting principles. 

Students have to analyse the IFRS financial statements of an existing entity and indicate in these financial statements how the principles discussed in the course are applied.

Students have to formulate the accounting principles discussed in class and explain the rationale behind these principles by making links between the standards and the definitions and principles formulated in the Accounting Framework or by referring to basic accounting principles. These reasonings have to be made in a closed book exam.

Beoordelingsinformatie

De beoordeling bestaat uit volgende opdrachtcategorieën:
Examen Mondeling bepaalt 25% van het eindcijfer

Examen Schriftelijk bepaalt 75% van het eindcijfer

Binnen de categorie Examen Mondeling dient men volgende opdrachten af te werken:

  • Mondeling Examen met een wegingsfactor 100 en aldus 25% van het totale eindcijfer.

    Toelichting: Theoretical links and application of material on IFRS Financial statements is tested during oral exam with possibility to prepare

Binnen de categorie Examen Schriftelijk dient men volgende opdrachten af te werken:

  • Schriftelijk Examen met een wegingsfactor 100 en aldus 75% van het totale eindcijfer.

    Toelichting: Capacity to resolve IFRS Cases is tested during written exam with possibility to use course material (no internet connection)

Aanvullende info mbt evaluatie

The written exam is open book and consists of cases similar to the cases treated in class, together with a question regarding the IFRS financial statements studied during the teaching period.

The oral exam is closed book. Students have preparation time.

If a student makes an unacceptable error against basic accounting principles the student will not pass the exam even if he/she also answers correctly to other questions.
 

Toegestane onvoldoende
Kijk in het aanvullend OER van je faculteit na of een toegestane onvoldoende mogelijk is voor dit opleidingsonderdeel.

Academische context

Deze aanbieding maakt deel uit van de volgende studieplannen:
Master handelsingenieur: Standaard traject
Master in de toegepaste economische wetenschappen: Standaard traject
Master of International Business: Standaard traject (enkel aangeboden in het Engels)
Master of Business Engineering: Business and Technology: Standaard traject (enkel aangeboden in het Engels)
Educatieve master in de economie: standaard traject (90 ECTS, Etterbeek)