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Establishment
Language of instruction
English
Teaching content
ACCOUNTING / AUDIT / CONTROL
This course occurs in the following program(s)
IESEG Degree - Programme Grande École
- Crédits ECTS: 2.00
Training officer(s)
M.DESROUSSEAUX
Stakeholder(s)
Desrousseaux Mohelie (Lille)
Coda Stefano (Paris)
Coda Stefano (Paris)
Présentation
Prerequisite
Knowledge in Financial Accounting and Corporate Finance (key financial ratios, Discounting Cash Flows).
Goal
At the end of the course, the student should be able to:
- Construct expert knowledge from cutting-edge information regarding IFRS objectives and conceptual framework (AOL 5.B)
- Employ state-of-the-art management techniques of IFRS to analyse main transactions and captions of Financial Reporting (in the BS, ICS and Notes (AOL 5.C)
- Make effectual organizational decisions by understanding implication of IFRS on Financial performance and Managerial decisions (AOL 5.D)
- Construct expert knowledge from cutting-edge information regarding IFRS objectives and conceptual framework (AOL 5.B)
- Employ state-of-the-art management techniques of IFRS to analyse main transactions and captions of Financial Reporting (in the BS, ICS and Notes (AOL 5.C)
- Make effectual organizational decisions by understanding implication of IFRS on Financial performance and Managerial decisions (AOL 5.D)
Presentation
The course is divided into 3 parts :
- Part 1 : IFRS due process and conceptual framework
- Part 2 : Presentation of Financial Statements in IFRS (IAS 1 + IAS 34) & Operating segments (IFRS 8) / Cash flow statement (IAS 7)
- Part 3 : Application of IFRS for core business transactions : Revenue recognition (IFRS 15) / Inventories (IAS 2) / Tangible and Intangible Assets (IAS 16, IAS 38, IAS 40) / Provisions and contingent liabilities (IAS 37) & Events after the Reporting Period (IAS 10)
Each session will contain a flash conference about key concepts and illustrative exemples followed by practical exercices corrected in class.
Consolidation (IFRS 3, 10, 11 and 12) is not part of this course, since there is a specific mandatory course on this topic.
An advanced class in Financial Reporting will be proposed in Semester 2 dealing (among other topics) with Asset impairement (IAS 36), Leasing contract (IFRS 16) & Employee benefits (IAS 19)
- Part 1 : IFRS due process and conceptual framework
- Part 2 : Presentation of Financial Statements in IFRS (IAS 1 + IAS 34) & Operating segments (IFRS 8) / Cash flow statement (IAS 7)
- Part 3 : Application of IFRS for core business transactions : Revenue recognition (IFRS 15) / Inventories (IAS 2) / Tangible and Intangible Assets (IAS 16, IAS 38, IAS 40) / Provisions and contingent liabilities (IAS 37) & Events after the Reporting Period (IAS 10)
Each session will contain a flash conference about key concepts and illustrative exemples followed by practical exercices corrected in class.
Consolidation (IFRS 3, 10, 11 and 12) is not part of this course, since there is a specific mandatory course on this topic.
An advanced class in Financial Reporting will be proposed in Semester 2 dealing (among other topics) with Asset impairement (IAS 36), Leasing contract (IFRS 16) & Employee benefits (IAS 19)
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours interactif | 16,00 | ||
| Autoformation | |||
| Lecture du manuel de référence | 6,00 | ||
| Travail personnel | |||
| Group Project | 8,00 | ||
| Charge de travail personnel indicative | 20,00 | ||
| Overall student workload | 50,00 | ||
Evaluation
Students will be assessed based on 2 online MCQ in class, 2 group works to be done in class and participation in class.
- Feedback for QCM will be done orally in class
- Feedback for Group works will be done by written and sent by email to each group
- Feedback for QCM will be done orally in class
- Feedback for Group works will be done by written and sent by email to each group
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Contrôle continu | |||
| Participation | 0,00 | 1 | 10,00 |
| QCM | 0,25 | 2 | 30,00 |
| Autres | |||
| Etude de cas | 2,00 | 2 | 60,00 |
| TOTAL | 100,00 | ||
Ressources
Internet resources
IESEG Online
KPMG Global IFRS Institut
Applying IFRS EY
Course material will be available on IESEG Online.
IASB websiteKPMG Global IFRS Institut
Applying IFRS EY