International Financial Reporting Standards

Course Code :2103TEWACC
Study domain:Accountancy & Audit
Academic year:2018-2019
Semester:2nd semester
Contact hours:75
Credits:9
Study load (hours):252
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 2nd semester
Lecturer(s)Walter Aerts

3. Course contents *

In this course the International Financial Reporting Standards (IFRS) are studied in depth. The institutional context of IFRS and the application consequences for Belgian companies are covered. The following advanced financial accounting topics are extensively covered: deferred taxes, financial instruments and hedging transactions, provisions and pension liabilities, intangibles, goodwill and ‘impairment’, revenue recognition and construction contracts, stock options.
The course focuses on  critical assessment of reporting and measurement choices  and estimation problems. If significant, differences with regard to US GAAP are studied.  During the course a number of  case studies will be treated.