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Бакалавриат 2021/2022

Международные стандарты финансовой отчетности

Статус: Курс обязательный (Международный бизнес и менеджмент)
Направление: 38.03.02. Менеджмент
Когда читается: 4-й курс, 1 модуль
Формат изучения: с онлайн-курсом
Онлайн-часы: 16
Охват аудитории: для всех кампусов НИУ ВШЭ
Преподаватели: Еременко Татьяна Викторовна, Леевик Юлия Сергеевна, Чуракова Ийя Юрьевна
Язык: английский
Кредиты: 3
Контактные часы: 14

Course Syllabus


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.
Learning Objectives

Learning Objectives

  • The objective of this course is to help students learn how to prepare and interpret the information in financial statements under International Financial Reporting Standards (IFRS).
Expected Learning Outcomes

Expected Learning Outcomes

  • Demonstrate an innovative, open and ethical mindset
  • Have advanced practical skills in financial reporting and interpreting accounting information under International Financial Reporting Standards
  • Prepare financial statements to comply with specified International Financial Reporting Standards
  • Use strong analytical skills and apply them to solve practical problems
  • Appraise and apply the international regulatory framework and specified accounting concepts and theories to practical situations
  • Review the full disclosure principle and describe implementation problems
  • Discuss the disclosure requirements for events after the reporting period and major business segments
  • Describe the profession’s response to fraudulent financial reporting
  • Formulate recommendations for companies regarding the first-time adoption of IFRS
  • Identify the major classifications of cash flows.
  • Contrast the direct and indirect methods of calculating net cash flow from operating activities.
  • Prepare a statement of cash flows in accordance with IAS 7 and related standards.
  • Describe the accounting framework for financial assets.
  • Explain the equity method of accounting and compare it to the fair value method for equity investments.
  • Describe the accounting for transfer of investments between categories.
  • Apply the revenue recognition principles.
  • Apply the percentage-of-completion method for long-term contracts.
  • Apply the cost-recovery method for long-term contracts.
  • Identify the proper accounting for diffent cases of revenue recognition in accordance with IFRS 15, IFRS 1.
  • Apply the expense recognition principle.
  • Describe accounting issues for expense recognition at point of sale.
  • Apply the inventory method to calculate COGS.
  • Apply the standard to recognise R&D cost.
  • Identify the proper accounting for different types of expenses in accordance with IFRS 1-10, IAS 1-2 and related standards.
  • Describe the difference between IFRS and IFRS for SMEs.
  • Describe the meaning of pervasive principles.
  • List transaction steps needed to start application of IFRS for SMEs.
  • Identify the proper accounting for the case of hyperinflation.
Course Contents

Course Contents

  • Topic 1. Presentation and disclosure in Financial Reporting
  • Topic 2. Statement of Cash Flows
  • Topic 3. Investments
  • Topic 4. Revenue
  • Topic 5. IFRS approach in Costing
  • Topic 6. IFRS for SMEs
Assessment Elements

Assessment Elements

  • non-blocking In-class participation
    Individual or in small groups, in-class, open book, in SmartLMS
  • non-blocking Team project
    In groups, at home, in-class presentation
  • non-blocking Final exam
    Individual, in-class, in SmartLMS, open-book.
Interim Assessment

Interim Assessment

  • 2021/2022 1st module
    0.6 * Final exam + 0.2 * In-class participation + 0.2 * Team project


Recommended Core Bibliography

  • Bakker, E. (2017). Wiley IFRS 2017 : Interpretation and Application of IFRS Standards. Hoboken, NJ: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1477431
  • Mirza, A. A. (2010). Wiley IFRS : Practical Implementation Guide and Workbook (Vol. 3rd ed). Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=363480

Recommended Additional Bibliography

  • Picker, R. (2016). Applying IFRS Standards (Vol. Fourth edition). Chichester, West Sussex, United Kingdom: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639476