International Financial Reporting

Faculteit Economie en Bedrijfskunde
Jaar 2021/22
Vakcode EBM045B05
Vaknaam International Financial Reporting
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester I b (en semester II b)
ECTS 5
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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 financial statements and accounting 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
Toetsvorm -groepsopdracht,  -schriftelijk tentamen (open vragen)
(2 group assignments, written exam consisting of essay questions)
Vaksoort master
Coördinator S. Rusanescu, PhD.
Docent(en) S. Gebraiel, PhD. ,dr. K. Linke , S. Rusanescu, PhD.
Verplichte literatuur
Titel Auteur ISBN Prijs
additional reading materials (papers from high quality international accounting journals)
International Accounting, 2019, 5th edition
Doupnik, T., H. Perera 9781260547986 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: drs. Jessica Bakker, tel: +31 (0)50 36 33535, room 5411-829, email: i.j.bakker@rug.nl
Opgenomen in
Opleiding Jaar Periode Type
Courses Exchange (MSc)  ( Courses Exchange Students (MSc) without limited access) 1 semester II b keuze
Courses Exchange (MSc)  ( Courses Exchange Students (MSc) without limited access) 1 semester I b keuze
DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester I b keuzegroep
DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten uit Lund) 2 semester I b keuzegroep
DD MSc IB&M – NUBS, Newcastle (1,5-jarig)  (keuzevakken DD MSc IB&M - NUBS, Newcastle) - semester I b keuze
DD MSc IFM - UCSC, Milan (2-year)  (core programme DD MSC IFM - UCSC, Milan) 2 semester I b verplicht
MSc BA - Change Management  (keuzevakken MSc BA Change Management) 1 semester I b keuze
MSc BA - Change Management  (keuzevakken MSc BA Change Management) 1 semester II b keuze
MSc BA - Management Accounting and Control/MAC  (keuzevakken MSc BA MAC) 1 semester I b keuze
MSc BA - Management Accounting and Control/MAC  (keuzevakken MSc BA MAC) 1 semester II b keuze
MSc BA - Small Business & Entrepreneurship/SB&E  (keuzevakken MSc BA SB&E) 1 semester I b keuze
MSc BA - Small Business & Entrepreneurship/SB&E  (keuzevakken MSc BA SB&E) 1 semester II 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
Wordt meerdere malen per jaar aangeboden 1 semester II b keuze