International Accounting - IFRS I - ECO017AS3AE - Opinto-opas

International Accounting - IFRS I, 5 cr - ECO017AS3AE

Upcoming implementations

International Accounting - IFRS I ECO017AS3AE-3002 13.01.2025-16.05.2025 5 op (VIRTUAL, ...) +-
Campus

Pasila Campus

Teaching language

English

Timing

13.01.2025 - 16.05.2025
Groups
- VIRTUAL
- INSTRUCTED
- TR5HEECO2
- TRB5HEECO1
- IBE5PAACC
- TR5HEECO1
- EXCH
- TRB5HEECO2
Teachers

Heli Kortesalmi

Seats

30 - 100

Degree Programme

TRALI Tradenomi liiketalous, INTBBA International Business

R&D proportion

0.00 cr

Virtual proportion

5.00 cr

Evaluation scale

H-5

Current implementations

International Accounting - IFRS I ECO017AS3AE-3001 15.01.2024-17.05.2024 5 op (TRB4HEECO1, ...) +-
Teaching methods and instruction

This is a virtual implementation where students are able to study independently and submit assignments and exams in given deadlines. The course runs for 16 weeks but there will be some deadlines for the assignments.

Learning material and recommended literature

Will shown in Moodle learning platform.

Working life connections

Some assignments are from real-life cases. IFRS financial statement is studied.

Campus

Pasila Campus

Exam dates and re-exam possibilities

Virtual exams and a written assignment.

Teaching language

English

Internationality

IFRS standards are for international organizations.

Timing

15.01.2024 - 17.05.2024

Learning assignments

More information in moodle.

Enrollment

02.01.2024 - 12.01.2024

Content scheduling

Students can take the course at their own pace, keeping in mind some deadlines. Course can be taken in 16 weeks but also in faster schedule.

Pre-test, deadline 26.1.2024.
Topic 1: Brief into to IFRS. Framework and concepts. DL 15.3.2024.
Topic 2: Consolidated financial statements. DL 15.3.2024.
Topic 3: IFRS 15 Revenue recognition. DL 15.3.2024.
Topic 4: IFRS 16 Leasing. DL 15.3.2024.
Topic 5: IAS 36 Impairment testing. DL 10.5.2024.
Topic 6: IFRS 9 Financial instruments DL 10.5.2024.
Topic 7: IFRS S1 and S2 sustainability standards. DL 10.5.2024.
Written report of all topics DL 10.5.2024.
Groups
- TRB4HEECO1
- TRB4HEECO2
- TR4HEECO2
- TR4HEECO1
- LF6PACC
- TR5HEECO2
- TRB5HEECO1
- TR5HEECO1
- EXCH
- LF6EACC
- TRB5HEECO2
- TR4HEECO3
- VIRTUAL
- INSTRUCTED
Alternative learning methods

In case you have previous knowledge on the topic, you may RPL this course. Please contact course teachers for the RPL exam.
Work and study, if you work in an international company's accounting, you might able to learn this course with WS method and at the end do the exam.

Teachers

Heli Kortesalmi

Seats

30 - 100

Further information

Grade 1-5, which is based on:
* 70% of course grade: 7 topic related assignments and quizzes.
* 30% Written report.

In order to pass the course, both type of assignments need to get passed.
All course assignments are individual tasks which are planned to support students learning.

Degree Programme

TRALI Tradenomi liiketalous

R&D proportion

0.00 cr

Virtual proportion

5.00 cr

Evaluation scale

H-5

Past implementations

No past implementations yet.

In this course you will learn the basics of IFRS - International Financial Reporting Standards, which is the way how publicly listed companies prepare their group financial statements in over 120 countries. Additionally, we will study how to apply in practise the most important standards which usually differ with local accounting legislation.

Planned implementation schedule, changes possible.
Week 1: IFRS introduction
Week 2: Consolidated financial statements
Week 3: IFRS 15 Revenue recognition
Week 4: IFRS 16 Leasing
Week 5: IAS 36 Impairment testing
Week 6: IFRS 9 Financial instruments
Week 7: S1 and S2 Sustainability standards.

Virtual implementation.
RPL - if you already have knowledge on this topic, please email teacher.
Work & Study - if you have a job where you can apply IFRS, please email teacher.

Melville, A. (2022). International Financial Reporting. 8th Edition. [Insert Publisher Location]: Pearson International Content. This can be found as an e-book in Haaga-Helia library.

Other material provided by the teacher during the course.

Want to work in an international company's accounting department? If yes, this course is for you! In addition to preparing financial statements for individual companies according to local GAAP (generally accepted accounting principles) such as Finnish GAAP, international companies need to apply IFRS International Financial Reporting Standards. This way the financial statements of international companies are comparable with eachother no matter in wich country their headoffice is located. Come an learn the most importand standards in this course. Course is in English as it is the language mainly used in international companies. In case you have studied accounting in your own language so far - don't worry - you will learn the accounting vocabulary in English here.

In order to take this course, you need to have prior knowledge on doing accounting and preparing financial statements, for ex you should have taken courses ECO002AS2AE Financial Accounting, ECO005AS2AE Financial Statements and Corporate Tax or ECO002AS2A Kirjanpito and ECO005AS2A Tilinpäätös ja yritysverotus or have similar knowledge.

Knows the basics of IFRS standards and is able to independently find some information about them. Is able to apply the standards in some real life business cases.

Knows the basics of IFRS standards and is able to independently find more information about them. Is able to apply the standards in typical real life business cases.

Knows the basics of IFRS standards and is able to independently find more information about them. Is able to apply IFRS standards in typical real life business cases and argument possible solutions with standards.

Pre-test to access the course.
Exam/Moodle quizzes 70%
Written report 30%