YOKOHAMA CITY UNIVERSITY

Courses 2014

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CodeACC2090
Course NameIntroduction to IFRSs
InstructorKaneko, Seiichi
Credits2
TermTerm2
MajorMajor Subjects
Course goalsThe student should be able to:
explain basic facts about the IFRSs and IASB,
read and interpret IFRSs based financial statements,
point out major differences between the IFRSs and Japanese GAAP,
describe IFRSs on fixed assets and financial instruments.
Course outlineThis course is designed for students interested in the International Financial Reporting Standards (IFRSs) developed by the International Accounting Standards Board (IASB). History and standard development mechanism of the IASB will be emphasized to understand the background and basis of the IFRSs. Major differences between the IFRSs and the Japanese standards including valuation of goodwill and recycling of net income will be studied in detail. The IFRSs on fixed assets and financial instruments will be focused. Weekly homework and occasional mini tests, along with the final test, will help students achieve the learning outcomes shown above. Also, students will summarize a set of IFRS based financial statements of their choice and make a presentation in the class. On average, students are expected to spend one and a half hours to prepare for a class.
Evaluation Scale and Policies30% Participation in classroom activities
30% Homework and mini tests20% Final test
20% Presentation on IFRSs based financial statements
PrerequisitesIt is recommended that students take this course after they have completed at least one of the following three courses: Introductory Accounting I and II, Intermediate Accounting. Official language is English and no Japanese language is permitted in the class. Students are expected to participate in the class actively.
Texts, materials, and suppliesRequired text: Stolowy, Herve, Michel J. Lebas and Yuan Ding, Financial Accounting and Reporting: A Global Perspective, Fourth Edition, South-Western, 2013. (This book is also a required text for "Intermediate Accounting" and "Basics of Corporate Analysis and Valuation".)Deloitte, IFRS in your pocked 2013, to be downloaded from:http://www.iasplus.com/en/publications/global/ifrs-in-your-pocket/ifrs-in-your-pocket-2013
Homepagehttp://hw001.spaaqs.ne.jp/seiichi-kaneko/
Remark
Course Schedule/Plan1.
Orientation and overview of the course.
2-4.
Basic facts about the IFRSs and IASB, Major differences between the IFRSs and Japanese GAAP, (Stolowy, Lebas and Ding, Chapter 5, Deloitte, pp. 1-24.), Mini test.
5-8.
Tangible and Intangible Fixed Assets, (Stolowy, Lebas and Ding, Chapter 7,8., Deloitte, pp. 60-62, 83-85,87-90.), Mini test.
9-11.
Financial Instruments, (Stolowy, Lebas and Ding, Chapter 10., Deloitte, pp. 90-97, 42-44.), Mini test.
12-13.
Preparation for Presentation and Final Test.
14. Presentation.
15. Final Test.
The above schedule is subject to change.
More detailed schedule of activities will be provided in the class.
 

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