International Financial Reporting Standards

Course: Economics and Economic Policy

Structural unit: Faculty of Economics

Title
International Financial Reporting Standards
Code
ВК 1.2
Module type
Вибіркова дисципліна для ОП
Educational cycle
Second
Year of study when the component is delivered
2023/2024
Semester/trimester when the component is delivered
3 Semester
Number of ECTS credits allocated
5
Learning outcomes
PLO 7. Select effective methods for managing economic activity, ground proposed solutions based on relevant data and scientific and applied research. PLO 8. Collect, process, and analyze statistical data, scientific and analytical materials needed for solving complex political and economic problems. PLO 12. Substantiate management decisions on the effective development of business entities, taking into account objectives, resources, constraints, and risks.
Form of study
Full-time form
Prerequisites and co-requisites
1. Know the economic categories, laws and principles, as well as causal and functional relationships that exist between processes and phenomena at the micro and macro levels; main currents of economic thought; fundamental sections of mathematics to the extent necessary for the application of analysis of economic and socio-economic phenomena and processes 2. Have the skills to apply knowledge of accounting to understand the formation of economic and accounting information and indicators that characterize the financial and economic activities of the entity.
Course content
The discipline contributes to the acquisition of theoretical knowledge, skills and abilities to apply in practice the International Financial Reporting Standards, as well as the concepts and principles on which they are based. The conceptual bases of financial reporting, separate elements of financial reporting, methods of their estimation and reflection in accounting, and also principles, approaches and ways of display of the information on the basic objects of accounting in separate and consolidated financial reporting according to the International Financial Reporting Standards.
Recommended or required reading and other learning resources/tools
1. МСФЗ. Короткий курс для практиків / С. Я. Зубілевич, О. І. Мазіна, С. А. Рогозний, О. В. Карпачова, О. О. Дядюн: посібник. Харків: ТОВ «Фактор-Друк», 2020. 364 с. 2. Міжнародні стандарти фінансової звітності - Режим доступу: www.minfin.gov.ua 3. Міжнародні стандарти фінансової звітності. Концептуальна основа фінансової звітності − Режим доступу: http://www.minfin.gov.ua/news/view/mizhnarodni-standarty-finansovoi-zvitnosti-versiia-perekladu-ukrainskoiu-movoiu---rik?category=bjudzhet. 4. Облік і фінансова звітність за міжнародними стандартами: навч. посіб. / В. М. Пархоменко, Н. М. Малюга Київ. 2019. 120 c. 5. Elliott B., Elliot J. Financial Accounting and Reporting 17th Edition [Text] / B. Elliott, J. Elliot - England, 2015. 6. Wiley IFRS 2016: Interpretation and Application of International Financial Reporting Standards (Wiley Regulatory Reporting) [Text] : PKF International Ltd. – USA, 2016.
Planned learning activities and teaching methods
Classes are held in the form of lectures, seminars and independent work. The following teaching methods are used for this: oral questioning, discussion of problematic issues, solving practical cases, writing a test paper; writing essays.
Assessment methods and criteria
1. Survey, discussion of problematic issues, problem solving (RE 1; 2.1-2.3; 3.1-3.2; 4) - 5 points / 3 points; 2. Modular control work (2 MCW, 20 points max. Each) (RE 1; 2.1-2.3; 3.1-3.2; 4) - 40 points / 24 points; 3. Independent work (RE 1; 2.1-2.3; 3.1-3.2; 4) - 15 points / 9 points; - final assessment in the form of an exam - 40 points / 24 points;
Language of instruction
Ukrainian

Lecturers

This discipline is taught by the following teachers

Mariia Oleksiivna Tsybulnyk
Department of Accounting and Audit
Faculty of Economics

Departments

The following departments are involved in teaching the above discipline

Department of Accounting and Audit
Faculty of Economics