Advanced Financial Accounting

Overview of the course

Prof. Dr. Hans Lieck

Wirtschaftsprüfer Steuerberater
hans.lieck@hwr-berlin.de
2019/2020

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Content of the course
Part I: International Accounting
• Introduction to IFRS, IASB Framework
• Components of Financial Statements
• Recognition and Measurement Rules for assets and liabilities

Part II: Group Accounting

• Basics of Group Accounting (IFRS 3, IFRS 10 -12)
• Recognition and Measurement of Goodwill
• Consolidation of capital, Indebtedness, elimination of intragroup
activities

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Organizational issues
Two written exams:
1. Exam: 28 November 2019: 8:30 – 10:00 am
2. Exam: 30 January 2020: 8:30 – 10:00 am
(not yet confirmed => please keep free the time 27 Jan 2020 – 22
February 2020 for your exams!)

Exams: 90 minutes each!

Approved aids:
1. IFRS Standards
(uncommented; only markings, unaderlines, stickers are allowed –
any other entries are not allowed)
International Financial Reporting Standards (IFRS) 2019,
e.g. Wiley-VCH (Englisch-German Edition) (29,99 €) https://www.wiley-
vch.de/de/fachgebiete/finanzen-wirtschaft-recht/international-financial-reporting-standards-ifrs-2019-978-3-
527-50982-9

2. non-programmable calculator
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Organizational issues
Equipment to bring along
• International Financial Reporting Standards (IFRS) 2019,
• Non-programmable calculator

Slides
• Slides will be uploaded in Moodle at short notice
− https://www.hwr-berlin.de/

Time: Start 8:15 am

Attendance List

Repetition at beginning of class

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Organizational issues
• 14 November 2019: Guest lecture KPMG – Leases

• 5 December 2019: Guest lecture EY - Consolidation

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Recommended Reading / Textbooks
• PKF International: Wiley IFRS 2019, Interpretation and Application of
International Accounting and Financial Reporting Standards (HWR online
resource)
• https://www.hwr-berlin.de/en/ => HoWeR Research Portal

• Christian/Lüdenbach: IFRS Essentials, Wiley, 1. Ed., 2013, HWR online

resource (English)
• Kieso/Weygandt/Warfield: Intermediate Accounting, 2016, HWR online
resource, especially Chapter 3 The Accounting Information System
• Picker/Clark/Dunn et al.: Applying IFRS Standards, Wiley, 4. Ed. 2016.
• Baker/Christensen: Advanced Financial Accounting, 10. Ed. 2014.
• Kothari/Barone: Advanced Financial Accounting, 2011.
• Mirza/Holt: Practical Implementation Guide and Workbook for IFRS, 3.
Ed. 2011.
• Elliott, Elliott, Financial and Reporting , 18th Edition, 2017

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Additional Literature
• Aschfalk-Evertz: Internationale Rechnungslegung, 2011
• Christian/Lüdenbach: IFRS Essentials, NWB (German)
• Baetge/Kirsch/Thiele: Konzernbilanzen, 12. Aufl. 2017.
• Pellens/Fülbier/Gassen/Sellhorn: Internationale Rechnungslegung,
10. Aufl. 2017.

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Useful links

• https://www.ifrs.org/
• https://www.iasplus.com/en
• https://www.iasplus.com/de/
• https://eur-lex.europa.eu/legal-
content/EN/TXT/?uri=CELEX:02008R1126-20190101
• http://www.ifrs-portal.com/

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Frequently used abbreviations
• consolidated f/s consolidated financial statements
• separate f/s separate financial statements
• SC subsidiary company
• PC parent company
• IFRSs International Financial Reporting Standards
• IAS 1.10 Paragraph 10 of IAS 1
• IFRS 3.B18 Paragraph B18 of Appendix B to IFRS 3
• IFRIC 12.BC21 Paragraph BC21 of the Basis for Conclusions
on IFRIC 12