Accounting Theory and IFRS (IFRS)

Course description

In parallel with increased importance and global expansion of the capital market, the standard setters develop and implement International Financial Reporting Standards (IFRS). The aim of the course is to provide an increased understanding of IFRS in the light of accounting theory, and insights on the practical aspects of producing and analyzing financial reports prepared in accordance with IFRS. The course is designed with the ambition to enable 1) to understand the complexities of selected elements of financial reporting and accounting principles applicable to IFRS, 2) to apply this knowledge to these elements of financial reporting, and 3) from a theoretical perspective, scrutinize and challenge conceptions around IFRS.

Intended Learning Objectives

The overall aim of the course is to provide the students with knowledge regarding the relationship between accounting theory and the development of standards and to combine these to understand recognition and valuation of transactions in financial reporting.

Upon completion of the course, students should be able to:

Knowledge and understanding

1. Define and explain concepts and methods relating to accounting theory towards conceptual frameworks.

2. Understand the general principles regarding methods for recognition and measurement of selected elements of International Financial Reporting Standards (IFRS).

Skills and abilities

3. Based on knowledge of IFRS and accounting theory, apply methods for recognition and measurement of selected aspects in financial reports.

Judgement and approach

4. Reflect on the linkage between accounting theory and methods for recognition and measurement of transactions in selected parts of financial reporting in IFRS.

5. Critically evaluate recognition and measurement aspects within IFRS.

Change semester  

Course title:
Accounting Theory and IFRS
Semester: Autumn term 2019
Study period: 4
Rate of studies: 100%
Level: Graduate level (second cycle)
Credits: 7.5
Language of instruction: English

Course code: FE4436



Course coordinator:
Toivo Lepp
Head of course:
Bino Catasús
Bino Catasús
Student services:
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