Course syllabus MUSV2 - International Financial Reporting Standards II (ŠAVŠ - WS 2017/2018)

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Course title: International Financial Reporting Standards II
Semester: WS 2017/2018
Course supervisor: prof. Ing. Jiří Strouhal, Ph.D.
Supervising department: Department of Finance and Accounting (ŠAVŠ)
Prerequisites for registration: Bachelor state examination
Time allowance: full-time, 2/0 (hours of lectures per week / hours of seminars per week)
Type of study: usual
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (3 credits)
Course objective:
The objective of the course is to equip students with the knowledge, abilities, tools and methods from the field of financial accounting that are necessary for company managers.
This module is mainly focused on analysis of particular IFRS standards and providing the impact of these standards on various financial statements.
 
Course methods: Basic educational tool for this module are lectures linked to study of core literature. Individual approach as well as the possibility of verification of theoretical and practical knowledge is given to students throughout preparation of their applied case study.
 
Course content:
1.Analysis of Balance Sheet Items (allowance 8/0)
 
a.IAS 38 - Intangibles
b.IAS 16 - PPE
c.IAS 40 - Investment Properties
d.IAS 17 - Leases
e.IAS 2 - Inventories
f.IFRS 9 - Financial Instruments
g.IAS 37 - Provisions and Contingent Liabilities
h.IAS 12 - Deferred Taxation

2.Financial Statements Analysis (allowance 4/0)
 
a.IAS 1 - Preparation of Financial Statements
b.IAS 7 - Statement of Cash Flows
c.IAS 8 - Errors, Change in Estimates, Change in Policies
d.IAS 10 - Events After Reporting Period
e.IAS 33 - Earnings Per Share
f.IAS 34 - Interim Financial Reporting

 
Learning outcomes and competences:
After completing the course, student:
 
-Will be able to interpret financial statements data based on IFRS
-Will prepare and plan the corporate IFRS implementation strategy
-Will quantify impacts of the corporate IFRS implementation

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendance
Direct teaching
     Attendance of lectures24 h
     Consultations with teacher (part-time form of study)0 h
Self-study
     Composing of individual (seminar) work32 h
     Preparation for final test28 h
Total84 h
 
Assessment methods:
Requirement typeDaily attendance
Term paper50 %
Final test50 %
Total100 %
 
Course completion:
- case study (50 %)
- final written test (50 %)
To be able to participate within final written test student has to deliver his/her case study.
 
Support for combined/distance forms of study:
available within AIS system
 
Reading list:
Basic:
KRUPOVÁ, L. Mezinárodní standardy účetního výkaznictví.: IFRS. 1st ed. Praha: VOX, 2009. ISBN 978-80-86324-76-0.
STROUHAL, J. -- BOKŠOVÁ, J. Lexikon účetních pojmů. Praha: Wolters Kluwer, 2015. 384 p. 1. ISBN 978-80-7478-787-4.
Language of instruction: Czech
STROUHAL, J. et al. Oceňování v účetnictví. Praha: Wolters Kluwer ČR, a.s., 2013. 420 p. ISBN 978-80-7478-366-1.
STROUHAL, J. -- KNAPOVÁ, B. -- CARDOVÁ, Z. -- ŽIDLICKÁ, R. Účetnictví 2012.: Velká kniha příkladů. + CD. 1st ed. Brno: BizBooks, 2012. ISBN 978-80-265-0008-7.

Recommended:
Mackenzie, B., Coetsee, D., Njikizana, T., Chamboko, R., Colyvas, B.: Wiley IFRS 2012: Interpretation and Application of International Financial Reporting Standards. Edition: 9. Wiley 2012. ISBN-10: 0470923997.ISBN-13: 978-0470923993.
www.ifrs.org

Study plans:
N-EM-FRP Corporate Finance Management in the Global Environment, full-time form, initial academic year SS 2015/2016
N-EM-FRP Corporate Finance Management in the Global Environment, full-time form, initial academic year WS 2016/2017
 
Run in the period of: SS 2019/2020, WS 2019/2020, SS 2018/2019, WS 2018/2019, SS 2017/2018, SS 2016/2017   (and older)
Course tutor: prof. Ing. Jiří Strouhal, Ph.D. (examiner, instructor, lecturer, supervisor)
Teaching language: Czech
Room: Mladá Boleslav


Last modification made by Mgr. Luděk Švejdar on 09/06/2017.

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