IAS and IFRS

MGEST2141  2016-2017  Mons

IAS and IFRS
6.0 credits
45.0 h + 0.0 h
2q

Teacher(s)
Stempnierwsky Yvan ;
Language
Français
Prerequisites

'Audit and inspection' option  

Main themes

This course focuses on international standards other than those dedicated to consolidation.
Conceptual framework: the main differences to the traditional Belgian accounting approach, history and recognition of the IASB, international recognition of standards, the standardisation process, features of standards.
Presentation of financial statements and accounting mechanisms in accordance with the IFRS framework:
' IAS1: presentation ;
' IAS8: accounting principles, changes in accounting estimates and errors;
' IAS10: events after the reporting period;
' IAS33: earnings per share;
' IAS34: interim financial reporting;
' IFRS1: first-time adoption;
' IFRS5: non-current assets.
Presentation of assets, current and non-current: IAS 16, 17, 20, 23, 36, 38 and 40.
Presentation of liabilities, financial assets and non-financial obligations:
IAS 32, 39, 19 and 37.
Income from continuing operations.
Analysis and financial communications. 

Aims

On completion of this course, students will be able to understand the basic rules defined by the IAS/IFRS with respect to the drafting of the (unconsolidated) annual accounts and to put them into practice using concrete examples. Students will amongst other things be able to summarise similarities and differences in relation to the Belgian conceptual framework. 

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.

Faculty or entity<


Programmes / formations proposant cette unité d'enseignement (UE)

Program title
Sigle
Credits
Prerequisites
Aims
Master [120] in Management
6
-

Master [120] in Management
6
-

Executive certificate in Accounting and Auditing
6
-