Department of Business Administration
Dean:Dr. Jón Þór Sturluson
Email:vd@ru.is
Website:http://www.ru.is/vd
TeachersView
MSc in Innovation Management - 90 ECTS
Semesters:3
Years:1
ETCS:90
Learning OutcomesView
Degree titleMSc in Innovation Management
Legend
Mandatory course on majorTeaching language
Optional course on majorPrerequisites for course
Print
Haustönn/Fall 2022
More infoIntroduction to Management and Business ConceptsElectiveV-700-IMBUECTS 0
More infoCreative Approaches and Entrepreneurial MindsetsCoreV-702-CREMECTS 7,5
More infoInnovation and Entrepreneurship: A field of knowledge and practiceCoreV-703-INENECTS 7,5
More infoFundamentals in Tourism and Hospitality ManagementElectiveV-704-FTHMECTS 7,5
More infoFinancial Reporting and Accounting Standards IElectiveV-705-FIR1ECTS 7,5
Year
1. yearPrint
SemesterFall 2022
Level of courseN/A
Type of courseElective
PrerequisitesNo prerequisites.
ScheduleNo schedule found.
Lecturer
Unnar Friðrik Pálsson
Content
The purpose of the course is to provide students with an extensive knowledge of International Financial Reporting Standards (IFRS) and the Icelandic Financial Reporting Act and to develop students’ skills and competences to apply this knowledge. Extensive analysis will be made of the main principles of the IFRS as issued by the International Accounting Standards Board and the laws and regulations governing the preparation of financial accounts based on the provisions of the Icelandic Financial Reporting Act.

The following topics and concepts are covered:
Presentational demands of IFRS for the basic financial statements, substantive rules with respect to inventories, accounts receivables, property, plant and equipment, intangibles, owners’ equity accounts and current liabilities, construction cost contracts and basic lease accounting and pension liabilities. The principles of historical cost, revenue recognition, deferred income tax liabilities and assets and statement of cash flow will be explained as well as other main principles of financial accounting.
Learning outcome - Objectives
Knowledge: 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) as issued by the International Accounting Standards Board (IASB).
- Be familiar with the Icelandic Financial Reporting Act and corresponding laws and regulation.
- Understand the responsibilities in financial reporting and auditing.
- Understand potential conflicts of interest and ethical issues regarding financial reporting and auditing.
Skills: The ability to apply knowledge to different tasks of financial reporting and auditing. 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 and auditing.
Competences: The ability to apply knowledge and skills in financial reporting and auditing. The student should:
- Be able to take part in a professional discussion on financial reporting and auditing.
- Apply relevant IFRS and/or national rules for different financial reporting issues.
- Be able to justify the use of specific IFRS or national rules for specific reporting issues.
Course assessment

Reading material
No reading material found.
Teaching and learning activities

Language of instructionIcelandic
More infoAuditing, Auditing Standards and Ethics in Accounting and AuditingElectiveV-706-AUD1ECTS 7,5
More infoStrategic ManagementCoreV-712-STJOECTS 7,5
More infoOrganizational PsychologyElectiveV-715-ORPSECTS 7,5
More infoAdvanced Business InformaticsElectiveV-725-ABINECTS 7,5
More infoStaffing: from recruitment to terminationElectiveV-730-STRTECTS 7,5
More infoLabour lawElectiveV-731-LALAECTS 3,75
More infoChange management and leadershipElectiveV-736-CMLEECTS 7,5
More infoInternational MarketingElectiveV-736-INMAECTS 7,5
More infoFundamentals in Accounting and FinanceElectiveV-737-FAFIECTS 7,5
More infoAdvanced and digital marketingElectiveV-738-ADDMECTS 7,5
More infoEnterprise ArchitecturesElectiveV-746-ENARECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoInternational FinanceElectiveV-767-INTFECTS 7,5
More infoCorporate TaxationElectiveV-772-TAX1ECTS 7,5
More infoCustomer Profitability ManagementElectiveV-776-CPROECTS 7,5
More infoAdvanced Topics in Emerging TechnologiesElectiveV-795-ATETECTS 7,5
More infoPerformance ManagementElectiveV-830-PEMAECTS 3,75
More infoPortfolio ManagementElectiveV-862-PORTECTS 7,5
More infoEquity AnalysisElectiveV-863-EQUIECTS 7,5
More infoMSc ThesisElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMSc ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Vorönn/Spring 2023
More infoGlobal Issues in Travel and TourismElectiveV-711-GLTTECTS 7,5
More infoConsumer BehaviorElectiveV-712-COBEECTS 3,75
More infoInnovation ManagementCoreV-713-INNMECTS 7,5
More infoBusiness EthicsCoreV-714-BETHECTS 3,75
More infoEntrepreneurship and Innovation in ContextCoreV-715-ENICECTS 3,75
More infoBusiness Process ManagementElectiveV-716-BPMAECTS 7,5
More infoFixed Income AnalysisElectiveV-716-FINCECTS 3,75
More infoImplementation of information systemsElectiveV-717-IMISECTS 3,75
More infoEntrepreneurial FinanceCoreV-733-ENTRECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoStrategic HRM and MetricsElectiveV-745-STRAECTS 7,5
More infoBusiness Research MethodologyCoreV-746-REMEECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoCases in corporate financeElectiveV-763-COR2ECTS 7,5
More infoFinancial Reporting and Accounting Standards IIElectiveV-765-FIR2ECTS 7,5
More infoApplied DerivativesElectiveV-766-APDEECTS 7,5
More infoConsolidated Financial StatementsElectiveV-767-SAREECTS 7,5
More infoBusiness Intelligence and AnalyticsElectiveV-784-REK5ECTS 7,5
More infoCorporate LawElectiveV-802-BULAECTS 7,5
More infoTourism MarketingElectiveV-840-TOMAECTS 7,5
More infoTraining and DevelopmentElectiveV-840-TRDEECTS 3,75
More infoAccounting for derivatives and other financial instrumentsElectiveV-871-AFLEECTS 7,5
More infoMSc ThesisElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMSc ThesisCoreV-898-THESECTS 30