FINANCIAL REPORTING

This course engages students in critical analysis of the main financial accounting issues. Many of these involve considerations of associated theories and research. The selected issues are based on their significance, prevalence and contemporary relevance. The topics chosen should provide students with an understanding of a range of issues and influences confronting financial accounting that will help them recognize the implications and rationales behind some of the decisions, changes and developments in the accounting arena.

The course offers a sound understanding of theoretical and practical approaches to afford advanced accounting topics.
1 KNOWLEDGE AND UNDERSTANDING
The students will gain knowledge and understanding about accounting logics and political processes underlying accounting standards and international regulation. At the end of this course, students will know and understand:
-Accounting Regulation Theories
- the national accounting alternatives and causes and consequences arising from diversities in the various domestic accounting systems;
-arguments for and against global accounting convergence.
-the International accounting regulation (IFRS) in the financial reports measurement and disclosure;
2 APPLYING KNOWLEDGE AND UNDERSTANDING
Students must be able to critically evaluate the different accounting options in measuring and disclosing financial items and understand the choices made by the International regulation (IFRS).

Basic accounting and regulation knowledge

Theoretical issues in accounting
The role of regulation in financial reporting
The political nature of setting accounting standards
Evolution of reporting regimes and global accounting convergence
Institutional perspectives on the internationalization of accounting
The claim for a uniform conceptual framework in accounting
Implications for global convergence of new basic accounting assumptions and fundamentals
Insights from research

Bibliographic indications will be available at the beginning of the course

the final examination will consist of an oral exam.
The grading scale (how the grades will be assigned) is the same for attending or non-attending students:
A. scores in the 18-22 range will be awarded in the presence of:
- sufficient knowledge and ability to understand applied in relation to the programme;
- sufficient ability to apply knowledge and understanding and judgment;
- sufficient communication skills, especially in relation to the use of specific language relating to the subject;
B. scores in the 23-26 range will be awarded in the presence of:
- good knowledge and ability to understand applied in relation to the programme;
- good ability to apply knowledge and understanding and judgement;
- good communication skills, especially in relation to the use of specific language relating to the subject;
C. scores in the 27-30 range will be awarded in the presence of:
- excellent knowledge and ability to understand applied in relation to the programme;
- excellent ability to apply knowledge and understanding and judgment;
- excellent communication skills, especially in relation to the use of specific language relating to the subject.

The course consists of lectures and individual and group research work

oral

This subject deals with topics related to the macro-area "International cooperation" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development