•   International Accounting - IFRS I ECO017AS3AE-3001 15.01.2024-17.05.2024  5   (TRB4HEECO1, ...) +-
    Learning objectives
    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.
    Starting level and linkage with other courses
    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.

    Course is challenging and there is a pretest to see that your accounting skills are good enough. Only students who pass the pretest (50% correct) can participate the course. Course requires a lot of work and ability to study independently as well.
    Contents
    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.
    Assessment criteria
    Assessment criteria - grade 1
    When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.

    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.
    Assessment criteria - grade 3
    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.
    Assessment criteria - grade 5
    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.

    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