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)
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)
