International Accounting - IFRS I - ECO017AS3AE - Opinto-opas

International Accounting - IFRS I, 5 cr - ECO017AS3AE

Upcoming implementations

International Accounting - IFRS I ECO017AS3AE-3001 15.01.2024-15.03.2024 5 op (TRB4HEECO1, ...) +-
Teaching methods and instruction

This is a virtual implementation where students are able to study independendly and submit assignments and exams in given deadlines. There will be weekly deadlines and the course runs for 8 weeks.

Learning material and recommended literature

Will shown in Moodle learning platform.

Working life connections

Assignments are from real-life cases.

Campus

Pasila Campus

Exam dates and re-exam possibilities

Virtual exams and assignments.

Teaching language

English

Internationality

IFRS standards are for international organizations so the basis of the course is international already.

Timing

15.01.2024 - 15.03.2024

Learning assignments

Will be shown in Moodle. Final exam.

Content scheduling

Planned implementation schedule, changes possible. ?

Week 1: Brief into to IFRS. Framework and concepts. FAS IFRS similarities and differences. ?
Week 2: IAS 1 Presentation of IFRS 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
Week 8: Moodle exam at set time. You need a web-camera to participate the exam. Otherwise you can take the electronic examination in Exam rooms.
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, Anne Arkima

Seats

30 - 100

Further information

Grade 1-5, details of assessment will be updated later.

Degree Programme

TRALI Tradenomi liiketalous

R&D proportion

0.00 cr

Virtual proportion

5.00 cr

Evaluation scale

H-5

Current implementations

No ongoing implementations yet.

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: Brief into to IFRS. Framework and concepts. FAS IFRS similarities and differences.
Week 2: IAS 1 Presentation of IFRS 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: IAS 37 Provisions
Week 8: Moodle exam at set time. You need a web-camera to participate the exam. Otherwise you can take the electronic examination in Exam rooms.

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.

Will be announced 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 preparing financial statements, for ex you should have taken courses ECO005AS2AE Financial Statements and Corporate Tax or 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.

Exam 70%
Assignments and homework 30%