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International Financial Reporting
| Faculteit | Economie en Bedrijfskunde |
| Jaar | 2020/21 |
| Vakcode | EBM045B05 |
| Vaknaam | International Financial Reporting |
| Niveau(s) | master, uitwisseling |
| Voertaal | Engels |
| Periode | semester I b (en semester II b) |
| ECTS | 5 |
| Rooster | rooster |
| 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. |
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| 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 | 3 | ||||||||||||
| Onderwijsvorm |
-hoorcollege , -werkcollege
(Lectures and tutorials) |
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| Toetsvorm |
-groepsopdracht, -schriftelijk tentamen (open en mc vragen)
(2 group assignments, written exam consisting of multiple choice and essay questions) |
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| Vaksoort | master | ||||||||||||
| Coördinator | dr. K. Linke | ||||||||||||
| Docent(en) | dr. K. Linke ,dr. S. Mukherjee | ||||||||||||
| Verplichte literatuur |
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| 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: drs. Jessica Bakker, tel: +31 (0)50 36 33535, room 5411-829, email: i.j.bakker@rug.nl |
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