International Financial Reporting

Uitgebreide vaknaam	International Financial Reporting
Leerdoelen	Upon completion of the course the student is able to: 1. Analyze the main financial accounting classification models. 2. Analyze major recent harmonization efforts in particular the IASB efforts. 3. Apply the technique of analyzing and evaluating financial reports by ratio analysis. 4. Evaluate the accounting rules regarding transactions in foreign currencies, hedges of foreign currency risks, and the translation of foreign currency financial statements. 5. Analyze the main international corporate governance issues related to financial accounting. 6. Analyze foreign currency exposures and apply hedge accounting. 7. Analyze inflation and consolidation risks; apply inflation and consolidation rules. 8. Analyze international taxation subjects such as the impact of different tax rates, and transfer pricing resulting in global tax savings. 9. Analyze, work out and present complex financial reporting issues.
Omschrijving	The course introduces the subject of international financial accounting and explains the relevance thereof. The course will be built upon the idea that financial statements are meant to inform public investors. Throughout the course, specific international issues regarding the analysis of accounting based ratio's will be addressed. Such issues relate of course to international diversity in financial accounting systems. The most important differences in international financial accounting systems will be presented. Recently, huge steps have been taken in regard of international convergence and harmonization, as well as auditing and corporate governance. Important international financial reporting subjects such as the assessment of foreign currency risks and hedge accounting as well as the consolidation process on a parent company level will be covered. International tax regimes are presented and potential consequences thereof discussed such as tax saving models developed by multinationals. The development in international accounting, auditing and governance rules and standards are critically reviewed during this course.
Uren per week	4
Onderwijsvorm	hoor- en werkcolleges (Lectures and tutorials)
Toetsvorm	opdracht(en), schriftelijk tentamen met meerkeuzevragen, schriftelijk tentamen met open vragen (2 groepsopdrachten)
Vaksoort	master
Coördinator	dr. K. Linke
Docent(en)	dr. K. Linke , S. Mukherjee
Verplichte literatuur	Titel Auteur ISBN Prijs additional reading materials (papers from high quality international accounting journals) International Accounting, 2015 Doupnik, T., and H.Perera 9781259252112 ca. €  61,00
Entreevoorwaarden	Students are expected to have passed at least an introductionary course in financial accounting.
Opmerkingen	Students have to make assignments and present their work in class. Secretary: Jessica Bakker, tel: +31 (0)50 363 3535, e-mail: i.j.bakker@rug.nl
Opgenomen in	Opleiding Jaar Periode Type Courses open to Exchange Students (MSc)  ( Courses open to Exchange Students (MSc) without limited access ) 1 semester II b keuze Courses open to Exchange Students (MSc)  ( Courses open to Exchange Students (MSc) without limited access ) 1 semester I b keuze DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten uit Lund) 2 semester I b keuzegroep DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester I b keuzegroep DD MSc IB&M – NUBS, Newcastle (1,5-jarig)  (keuzevakken DD MSc IB&M - NUBS, Newcastle (start Groningen)) 1 semester I b keuze DD MSc IFM - Fudan University, Shanghai (2-jarig)  (basisprogramma voor studenten van FEB) 1 semester I b verplicht DD MSc IFM – UU, Uppsala (1,5 year)  (basisprogramma voor studenten van FEB) 1 semester I b verplicht MSc BA - Change Management  (keuzevakken MSc BA Change Management) 1 semester II b keuze MSc BA - Change Management  (keuzevakken MSc BA Change Management) 1 semester I b keuze MSc BA - Organizational & Management Control/O&MC  (keuzevakken MSc BA O&MC) 1 semester I b keuze MSc BA - Organizational & Management Control/O&MC  (keuzevakken MSc BA O&MC) 1 semester II b keuze MSc BA - Small Business & Entrepreneurship/SB&E  (keuzevakken MSc BA SB&E) 1 semester II b keuze MSc BA - Small Business & Entrepreneurship/SB&E  (keuzevakken MSc BA SB&E) 1 semester I b keuze MSc Finance  (keuzevakken B MSc Finance) 1 semester II b keuze MSc Finance  (keuzevakken B MSc Finance) 1 semester I b keuze MSc International Business & Management/IB&M  (keuzevakken B MSc IB&M) 1 semester II b keuze MSc International Business & Management/IB&M  (keuzevakken B MSc IB&M) 1 semester I b keuze MSc International Financial Management/IFM  (basisprogramma MSc IFM) 1 semester I b verplicht MSc Marketing  (keuzevakken Marketing Intelligence) 1 semester II b keuze MSc Marketing  (keuzevakken B Marketing Management) 1 semester II b keuze MSc Marketing  (keuzevakken B Marketing Management) 1 semester I b keuze MSc Marketing  (keuzevakken Marketing Intelligence) 1 semester I b keuze