22E00400 International Accounting

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  1. I took the course in the fall 2013 at Hanken, lectured by Pontus Troberg.

    The course was a 100% exam course, although the lectures were insightful and the cases used in the lectures interesting – I highly recommend attending them if possible! The content of the lectures followed the content of the book (written by the lecturer; some slides were almost copy pasted from the book), so you can easily pass the exam by reading the book.

    About the exam: some of the questions were exactly the same as the cases used in the lectures or at the end of the book, so going them over before the exam is recommended. The exams by Pontus have followed the same structure for a few years at least: five questions, some of which explanations and some calculations.
    Topics: Leases, impairment of assets, financial instruments, EPS calculation, goodwill calculation, cash flow hedge calculation

    09laskis | 13.5.2014 @ 19:27
  2. The course was arranged in the spring 2014 and the lecturer was Hannu Ojala. The grade came fully from the exam so 100%.

    Students were given a slide package of about 150 pages, which included all the relevant matters. These matters were explained more accurately in the book ”IFRS Now – In the light of US GAAP and Finnish practices. The class participation was not mandatory but in order to understand cases and solutions for them, it is highly recommended to participate lectures, because at least 1 of the exam questions (1/4) was included in the final exam.

    This course gives a good knowledge about different IFRS regulations (also IAS) and it compares these to US GAAP (generally accepted accounting principles in the United states). Some of the exam questions were about the difference about these regulations, so you really want to learn what those standards and their main content.

    So shortly: IFRS vs. GAAP, Goodwill, hedge accounting, impairment testing, leases, R&D costs (capitalization vs. expensing), financial instruments, OCI (other comprehensive income)

    Akkounting | 21.5.2014 @ 00:49
  3. I attended the course in spring 2016. The course gives a good overview of mainly IFRS, though also covers some of the main differences between IFRS and US GAAP. The exam did not have any questions on the differences between FAS and IFRS. It is possible to pass the exam (well) without attending the lectures. However, I would recommend going through the numerical examples, as some of these are directly replicated in the exam questions; in spring 20116 e.g. operating lease postings.

    THe book is easy to read and would recommend reading it instead of only reading the lecture material.

    Adele | 13.6.2016 @ 20:06

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