COURSE INFORMATION Course Title: INTERNATIONAL ACCOUNTING AND IFRS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BUS 527	B	3	3	0	0	3	7.5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Dr. Esmir Demaj edemaj@epoka.edu.al , Wednesday 9:00-12:00; 14:00-16:00
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	M.Sc. Erjon Saraçi esaraci@epoka.edu.al
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Study program: (the study for which this course is offered)	Master of Science in Banking and Finance
Classroom and Meeting Time:	Thursday, 18:00 – 21:00
Code of Ethics:	Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:	60%
Course Description:	This course is designed to build advanced knowledge of financial accounting on international issues and use of common global accounting standards set IFRS. To discuss elaborately on nine selected IFRSs and conceptual framework. This course gains to students understanding of international perspectives on financial accounting in a globalized world. Within the course the demand for harmonization of global financial reporting standards is explained. The details of some IFRSs and main differences between US-GAAP are discussed. The standards are discussed in details are; IFRS 15 Revenue, IAS 2 Inventories, IAS 16 Property, Plant and Equipment, IAS 38 Intangibles and IFRS 3 Business Combinations, IAS 8 Accounting Policies, IAS 12 Income Taxes, and IFRS 10 Consolidated Financial Statements.
Course Objectives:	This course gains to students understanding of international perspectives on financial accounting in a globalized world. To explain the demand of harmonization of global financial reporting standards. To discuss with details of some significant IFRSs and compare them between US-GAAP.

BASIC CONCEPTS OF THE COURSE

1	Financial reporting standards
2	Fair value
3	Substance over form
4	matching concept
5	IASB

COURSE OUTLINE

Week	Topics
1	Introduction to International Accounting and IFRS/Syllabus Review
2	Why do accounting systems differs from country to country?
3	Classification of accounting systems (Anglo-Saxon and Continental European Accounting Worlds)
4	Harmanization of Financial Reporting Standards and rise of IFRS
5	Conceptual Framework (CF) of IFRS
6	Presentation of Financial Statements IAS 1 and Evaluation of Financial Statements by IFRS
7	Revenue from Contracts with Customers IFRS 15
8	Mid-term Exam
9	Financial Instruments IFRS 9
10	Inventories IAS 2
11	Property Plant and Equipment IAS 16
12	Intangible Assets IAS 38 and Business Combinations (Goodwill) IFRS 3
13	Accounting Policies, Changes in Accounting Estimates, and Errors IAS 8
14	Income Taxes IAS 12

Prerequisite(s):	Introduction To Accounting, Financial Accounting, Intermediate Accounting.
Textbook(s):	Wiley. (2018). Wiley Interpretation and Application of International Financial Reporting Standards. New Jersey: John & Sons Inc. Evans, T. Accounting Theory : Contemporary Accounting Issues, 2003, Thomson South-Western, USA. Walton, P., A. Haller, and B. Raffournier, 2003, International Accounting, Thomson Scientific, Second Edition, UK.
Additional Literature:	All periodic academic journals in accounting listed by Thomson Reuters SSCI . www.ifrs.org
Laboratory Work:	No
Computer Usage:	Not compulsory
Others:	No

COURSE LEARNING OUTCOMES

1	To provide theoretical and institutional aspects of international accounting.
2	To identify main elements of IFRS standards and present elaborate knowledge on some selected standards
3	To provide the students a sound theoretical background for comprehension of standard setting issue of accounting, and global accounting issues.
4	To present research perspectives in international accounting

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Banking and Finance Program
1	The students gain the ability to look at the problems of daily life from a broader perspective with an increased awareness of the importance of moral/ethical considerations and professional integrity in the workplace.	3
2	They develop a broader understanding of banking and finance including concepts, theories, and analytical tools that serve both in national and international markets.	2
3	They are able to apply advanced valuation models to estimate the price of different financial assets as well as evaluate multinational business firms.	3
4	They are able to apply different investment techniques and form portfolios that would generate higher returns by decreasing the unsystematic risk level.	2
5	They have advanced knowledge of the regulatory framework and functioning of the banking system, international banking, central banking and the conduct of monetary policy.	2
6	They are able to conduct advanced financial analysis and use the results in the decision-making process of business firms.	4
7	They are able to understand and use advanced economic theories and tools to solve economic problems in banking and financial services industry.	1
8	They have the ability to utilize accounting, financial and economic data as well as other information to solve complex and unstructured business problems by using advanced econometric and statistical models.	5
9	They develop their ability to think critically, do advanced and independent research, analyze, interpret results, draw conclusions, and communicate effectively, both individually and as part of a team.	3
10	They are provided with opportunities to acquire the necessary skills and competencies to move on to further study within the discipline.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Project	0	0
Case Study	1	25
Final Exam	1	40
Attendance		5
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	10	10
Assignments	2	25	50
Final examination	1	31	31
Other	1	13	13
Total Work Load:			200
Total Work Load/25(h):			8
ECTS Credit of the Course:			7.5

CONCLUDING REMARKS BY THE COURSE LECTURER

The effective assimilation of this subject is based on pure practice, i.e. applying the Standards into exercices and real live case studies relating the accounting and reporting based on IFRS. This subject cannot be developed by projects.