International Accounting - IFRS I (5 cr)

Evaluation scale

H-5

Schedule

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.

Implementation methods, demonstration and Work&Study

Online implementation with four online sessions and independent learning.
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.

Intro

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.

Materials

Will shown in Moodle learning platform.

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.

Working life connections

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

Exam dates and re-exam possibilities

Virtual exams and a written assignment.

Internationality

IFRS standards are for international organizations.

Completion alternatives

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.

Learning assignments

More information in moodle.

Assessment methods

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.