Gerð reikningsskila og staðlar um reikningsskil II


Ár1. ár
ÖnnVorönn/Spring 2020
Stig námsgreinar5. Framhaldsnám, framhaldsnámskeið
Tegund námskeiðsValnámskeið
UndanfararV-759-FIR1, Gerð reikningsskila og staðlar um reikningsskil I
SkipulagFjórir fyrirlestrar á viku.
Unnar Friðrik Pálsson
The purpose of the course is to provide students with an extensive knowledge of International Financial Reporting Standards (IFRS) and the Icelandic Financial Statements Act and to develop students’ skills and competences to apply this knowledge. Extensive analysis will be made of the main principles of various IFRS standards as endorsed by the EU and the laws and regulations governing the preparation of financial statements based on the provisions of the Icelandic Financial Statements Act. The following topics and concepts are covered:Presentational demands of IFRS for financial statements, substantive rules with respect to specific topics, including  share-based payments (IFRS 2), earnings per share (IAS 33), leases (IFRS 16), fair value measurement (IFRS 13), related parties (IAS 24), investment properties (IAS 40), Segment reporting (IFRS 8), foreign currency transactions (IAS 21), non-current assets held for sale and discontinued operations (IFRS 5), separate financial statements (IAS 27) and borrowing costs (IAS 23).
Collection of facts, concepts, theories and techniques acquired by students. The student should: - Be familiar with the main principles of the International Financial Reporting Standards (IFRS) covered in the course.- Be familiar with the Icelandic Financial Statements Act.- Understand the responsibilities in financial reporting.- Understand potential conflicts of interest and ethical issues regarding financial reporting.- Since this course is a continuation of the course „Gerð reikningsskila og staðlar um reikningsskil I“ students are expected to gain a deeper knowledge of some of the contents covered in that course, as well as gaining new and deep knowledge on other matters not covered in the previous course. The ability to apply knowledge to different tasks of financial reporting. The student should:- Be able to identify the relevant IFRS and/or national rules for different financial reporting issues.- Be able to identify ethical issues regarding financial reporting.-Be able to solve financial reporting issues not otherwisedcovered in class by applying their knowledge to new tasks.
The ability to apply knowledge and skills in financial reporting. The student should: - Be able to take part in a professional discussion on financial reporting.- Apply relevant IFRS and/or national rules for different financial reporting issues.- Be able to justify the use of a specific IFRS or national rules for specific reporting issues.
Four group assignments, each 10.0% and total of 40.0% Participation grade, 5.0%  (based on attending lectures and active participation in class).Final exam 55%

Ekkert skráð lesefni.
Lectures on theory, explanation of approaches, techniques, exercise sessions and responses to questions from students. The teaching methods rely on the students’ active participation and good preparation before class.