International and Group Accounting

Description

Upon completion of this course, the student: International Accounting: * can interpret and discuss the IFRS framework * has a basic knowledge about the content of the IFRS standards * can explain the main differences between the IFRS standards and the Belgian accounting framework * can critically approach issues related to financial accounting and reporting, assess how the flexibility under IFRS can affect the usefulness and comparability of financial information under IFRS * is able to critically reflect on the different information needs of different stakeholders and understands how accounting information is relevant in this context * is able to analyze and reflect how ERS (risks) can impact the consolidated financial statements Group Accounting: *Explain the importance of consolidated information. * Provide criticism of consolidation regulations, taking into account the possibilities of creative consolidation, both according to IFRS. * Apply consolidation methods and the equity method or capital mutation method to integrated examples. * Understand all the key theoretical concepts of consolidation and the current legislation. * Explain what deferred taxes are and apply them to exercises. * Financially analyze and interpret a consolidated financial statement. * Apply the issue of foreign currency in the consolidation process.