Accounting for Financial Instruments

This course introduces an area of financial accounting under International Financial Reporting Standards (IFRS) which is conceptionally interesting and challenging, the accounting for financial instruments. During the course, students become acquainted with the rules for the recognition and derecognition and the measurement of financial assets and financial liabilities. Furthermore, the rules for the financial reporting of derivative financial instruments and their application in financial risk management are outlined, the so-called hedge accounting. These issues are of relevance for all larger companies, but particularly so for banks and other financial institutions.

Accounting Theory, Financial Theory and Valuation Techniques, Application of Legal Requirements

Alexander/Britton/Jorissen/Hoogendoorn/van Mourik (2017), International Financial Reporting and Analysis, 7th edition, Cengage Learning.Picker/Leo/Loftus/Wise/Clark/Alfredson (2016), Applying International FinancialReporting Standards, 4nd edition, Wiley.Further recommended readings will be anounced during the class.

Lecture with sufficient room for discussion of practical and conceptual problems to promote a deeper understanding of the accounting issues arising with regard to financial instruments. More complex accounting aspects are practiced with concrete examples and exercises. This course requires fundamental knowledge in International Accounting (e.g. provided by the Bachelor course "International Accounting").

International Accounting (or equivalent), BSc

150