YLAS3210 International Financial Reporting (6 cr)

Financial information in accordance with the International Financial Reporting Standards; transnational accounting regulation; the framework for financial reporting; the rational behind different accounting methods, disclosures and choices; differences between the IFRS and the local GAAP.

- explain the reasons for international differences in accounting and the need for international accounting harmonization

- prepare the financial statement in accordance with the international financial reporting standards (IFRS)

- understand the rationale behind accounting methods and disclosures required by IFRS

- compare and analyse the information provided in the financial statements

Course is taught in Finnish, but available in English by contacting the teacher. Self study package.

Mandatory YLAA3110 Financial Accounting, recommended YLAS3140 Group Accounting.

IFRS standards.