Accounting theory and IFRS
7.5 credits cr.
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The overall aim of the course is to provide the students with knowledge regarding the relationship between accounting theory and the development of standards and to combine these to understand recognition and valuation of transactions in financial reporting.
In parallel with increased importance and global expansion of the capital market, the standard setters develop and implement International Financial Reporting Standards (IFRS). The aim of the course is to provide an increased understanding of IFRS in the light of accounting theory, and insights on the practical aspects of producing and analyzing financial reports prepared in accordance with IFRS.
The course is designed with the ambition to enable:
- to understand the complexities of selected elements of financial reporting and accounting principles applicable to IFRS,
- to apply this knowledge to these elements of financial reporting, and
- from a theoretical perspective, scrutinize and challenge conceptions around IFRS.
The course consists of a combination of lectures, seminars and group work and requires a significant portion of self-study on the part of students. Assessment for the course will be continuous and is carried throughout the different activities of the course.
The course workload is 200 hours equivalent to 7,5 ECTS (40 hours per week equivalent to 1,5 ECTS).
The language of instruction is English. Please note that all teaching and learning activities such as lectures, seminars, assignments and assessment
tasks are carried out in English.
Assessment for the course will be continuous and is carried throughout the different course activities. Each assessment task is weighted in relation to its importance in the overall assessment of the course. The student’s results from the different assessment tasks are added up to a total course score that will then translate into the final grade for the course.
The course contains the following weighted assessment tasks:
1. Individually written exam.
2. Group paper with presentation.
In order to obtain a passing grade a student must be assessed on all intended learning outcomes and therefore participate in all assessment tasks.
After completion of the course, students will receive grades on a scale related to the intended learning outcomes of the course. Passing grades are A, B, C, D and E. Failing grade is F.
ScheduleThe schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course.
Course literatureNote that the course literature can be changed up to two months before the start of the course.
See reading list in the current syllabus.