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Financial Reporting and Capital Markets: Current Challenges

The purpose of this course is to look into the role of financial accounting and reporting in international capital markets. We will do this by giving an overview of current topics in empirical research in financial accounting, with an emphasis on capital-market oriented research. For example, we will look into the decision usefulness and the value relevance of financial statement information. We will discuss how companies make accounting policy choices, they may {\uc1\u8220*}manage{\uc1\u8221*} earnings and other financial statement information; and how financial analysts, investors and other users of financial statements interpret financial accounting information and take decisions based on such information. We will also examine alternative approaches to the regulation of financial reporting, and discuss concepts such as corporate governance, compliance and enforcement. In the course of the lectures you become acquainted with seminal as well as recent state-of-the-art examples of empirical capital-market oriented research.
Kurs ID
ACCT606
Art des Kurses
MSc Kurs
Wochenstunden
2,5
ECTS
5.0
Semester
FS 2019
Vortragssprache
Englisch
Vortragende/r
Prof. Dr. Martin Glaum
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
The purpose of this course is to look into the role of financial accounting and reporting in international capital markets. We will do this by giving an overview of current topics in empirical research in financial accounting, with an emphasis on capital-market oriented research. While the course will not concern itself directly with learning accounting rules and regulations, it will deepen your understanding of the role of accounting in financial markets and society in general.

We will cover a variety of topics, including

  • the relevance of financial accounting information to investors,
  • financial accounting in private (family) firms,
  • role of financial analysts in capital markets,
  • consequences of the introduction of IFRS,
  • the reasons for, and the implications of, conservatism in financial reporting,
  • earnings management, and
  • the impact of different corporate governance mechanisms on reporting quality.

The objective of the course is gain a critical in-depth understanding of the role of financial accounting and reporting in international capital markets. In addition, the course will develop your abilities to understand and to critically assess empirical accounting research. We will also discuss the practical relevance of the research for company managers, for investors and other actors in financial markets, as well as for accounting standard setters and financial market oversight bodies.

Date Time
Wednesday, 16.01.2019 15:30 - 18:45
Wednesday, 23.01.2019 15:30 - 18:45
Wednesday, 30.01.2019 15:30 - 18:45
Wednesday, 06.02.2019 15:30 - 17:00
Friday, 08.02.2019 15:30 - 18:45
Friday, 15.02.2019 15:30 - 18:45
Wednesday, 20.02.2019 15:30 - 18:45
The objective of the course is to gain a critical in-depth understanding of the role of financial accounting and reporting in international capital markets. In addition, the course will develop your abilities to understand and to critically assess empirical accounting research. We will also discuss the practical relevance of the research for company managers, for investors and other actors in financial markets, as well as for accounting standard setters and financial market oversight bodies.
The course will mainly draw on academic research papers; additional readings will include press articles and clippings from annual reports.
Teaching methods will include lectures, group work and exercises as well as in-class discussion.
Group assignment (70%) and two individual assignments (15% each).
International Financial Reporting I (or equivalent)
150
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