Financial reporting

obowiązkowe

The main objective of the lecture is to introduce students to practical aspects of Financing Reporting Standards and International Reporting Standards

1. Accounting vs Financial Reporting.

2. History of international financial reporting regulations.

3. Role and goals of the system of International Financial Reporting Standards/ International Accounting Standards;

4. Financial statements and their elements – presentation

– IAS 1 Presentation of Financial Statements,

-IAS 7 Statement of Cash Flows

- IFRS 1 First-time Adoption of International Financial Reporting Standards,

5. Introduction to consolidation of Financial Statements.

-IFRS 10 - Consolidated Financial Statements.

6. The recognition of revenues and revenues’ accounting

IFRS 15 -Revenue from Contracts with Customers,

IFRS 8 - Operating Segments

7. Practical cases analysis;

8. Solving the cases of presentation of financial data with agreement with IFRS rules

Papers of ACCA exam – Financial Reporting,

International Financial Reporting Standards

International Accounting Standards

1,Graduate has the basic knowledge about economic sciences, in particular economics, finance and management, as well as their place in the system of sciences and relations to other sciences

2. Student has the basic knowledge about contemporary theories of finance science and the existing relationships between them as well as analysis methods used in finance, including sources of information

3. Student knows the methods of financing, setting up and running a business and understands the importance of effective organization, financing, keeping business records, accounting, reporting and conducting analysis of financial data as well as the principles of industrial property protection and copyright

Final Exam - 90 %

Activity during classes 10%