Extent: 5 credits
In this module, student will learn the basics of IFRS (International Financial Reporting Standards), knowledge of interpreting IFRS complied financial statements and skills to prepare consolidated financial statements prepared by international businesses.
The IFRS standards part of the course will introduce student to the content of international financial statements and give skills to interpret the information on those reports. During the course, the student becomes familiar with the most common standards and learns how to interpret and apply a standard with related business transaction.
Student will learn basic concepts and principles relating to consolidation of group companies. Student learns how to prepare consolidated financial statements according to IFRS standards for a small group.
The module is given in English, you will learn the needed basic accounting terminology used in international accounting and IFRS during the course.
Learning outcomes and assessment
Assessment 1-2: Student
Assessment 3-4: Student
Assessment 5: Student
Cooperation with the business community
Business connections, examples from business and cases.
Consolidated financial statement prepared in international businesses.
Exercises and other assignments 100 %
Course teacher (s)
Financial accounting and reporting (Elliot B, Elliot J.) 8th edition, Pearson
Honkamäki, Reponen, Mäkelä & Pohjonen (2016). Konsernitilinpäätöksen laadinta. e-kirja
Troberg, Pontus (2013). IFRS Now – In the light of US GAAP and Finnish practices.
Van Greuning, Hennie (2009). International Financial Reporting Standards : A Practical Guide (5th edition). eBook access via ebrary.
Haaramo, Virkkunen, Räty, Peill, Palmuaro (2015, jatkuva päivitys): IFRS Raportointi, e-kirja.
Other material presented by the teachers.
Unfortunately the course is already FULL.
Haaga-Helia students enrol to the course through MyNet (ACC8LH102-3004). There is a quota of places for Haaga-Helia students in the course.