Checking date: 09/04/2018

Course: 2018/2019

International Accounting
Study: Bachelor in Finance and Accounting (201)

Coordinating teacher: BAFUNDI , ANDREA

Department assigned to the subject: Department of Business Administration

Type: Electives
ECTS Credits: 6.0 ECTS


Students are expected to have completed
Introduction to Accounting Financial Accounting
Competences and skills that will be acquired and learning results. Further information on this link
By the end of the course students should be able to: - Solve any new accounting problem using the knowledge acquired in this and previous courses. - Understand the effect of accounting policies on the figures reported on the financial statements. -Deal with particular problems related to advanced accounting issues Skills development: -Initiative and self-learning -The ability to select and assign priorities within restricted resources and to organize work to meet tight deadlines -Work in teams. -Present, discuss, report and defend views effectively. -Be able to deal with complex accounting issues Attitudes: - Compliance with the fundamental ethical principles. - Commitment to continual improvement and lifelong learning. -Critical thinking and analysis of situations
Description of contents: programme
Part I: International accounting issues Chapter 1: Segment reporting 1. 1 Business or geographical segment 1.2 Information related to primary and secondary segments 1.3 Segment reporting policies Chapter 2: Financial reporting in hyperinflationary economies (IAS 29) 2.1 Financial Statements at historic cost and current value 2.2. Identify and use of a General Price Index (GPI) 2.3 Economies which stop being hyperinflationary Chapter 3: Accounting for foreign transactions and translations of foreign financial statements (IAS 21) 3.1 Conversion and translation of currency 3.2 Accounting for gain and losses with foreign currency 3.3 Effects of changes in foreign Exchange rates Chapter 4: Related parties disclosure (IAS 24) 4.1 Control and significant influence 4.2 Related parties transactions 4.3 Disclosure in relation to related parties Part II: Transactions after the reporting period Chapter 5: Events after the Balance Sheet date (IAS 10) 5.1 Adjusting event 5.2 Non-adjusting event 5.3 Dividends 5.4 Going concern issues arising after end of the reporting period Chapter 6: Earnings per share (IAS 33) 6.1 Basic EPS 6.2 Diluted EPS 6.3 Retrospective adjustments Part III: Métodos alternativos de financiación Chapter 7: Accounting for Leases (IAS 17) 71. Accounting by lessees and lessors 7.1 Operating lease 7.2 Finance lease 7.3 Sale and leaseback transactions Chapter 8: Off-balance-sheet transactions 8.1 Debt factoring 8.2 Combined sale and repurchase agreements 8.3 Consignment stock arrangements 8.4 Pledged assets 8.5 Operating leasing arrangements 8.6 Disclosure requirements Part I V: Public sector contracts Chapter 9: Accounting for government grants and disclosure of government assistance 9.1 Accounting for grants 9.2 Grants related to assets 9.3 Grants related to income 9.4 Disclosure of government grants chapter 10: Licenses 10.1 Accounting for licenses 10.2 Disclosure practice in relation to licenses Parte V: Specific regulation for banks and financial organisations Chapter 11: Disclosures in financial statements of Banks and building societies 11.1 Accounting policies 11.2 Income Statement and Balance Sheet 11.3 Specific contingencies and comminments 11.4 General banking risks 11.5 Assets pledged as security Part VI: Differences PGC-NIC-FASB
Learning activities and methodology
Students will learn the theory related to this course with the guidance and material provided in class. This knowledge will be practice and mastered through practical classes and tutorials. Moreover, students would work and practice the knowledge absorbed in class with homework. This course consists of 6 ECTS (3 ECTS related to theory, 2 ECTS to team work and 1 ECTS to individual work). The objective of the theory classes is to learn advanced and complex topics in accounting which will be mastered and assess with practical classes.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40
Basic Bibliography
  • Alan Melville. International Financial Reporting: A Practical Guide 6th Edition. Pearson. 2017

The course syllabus and the academic weekly planning may change due academic events or other reasons.