Financial Accounting & Reporting


Yulia S. Leevik, Candidate in Economics, Associate Professor,



4 ECTS, 45 hours of classes


Major, concentration:




Financial accounting, Managerial accounting, Financial analysis


Aim of the Course:

The aim of the course is to provide students with the understanding of the fundamental principles and requirements for preparing and disclosure financial statements in accordance with International Financial Reporting Standards.


Course Content:

Topic 1. Financial accounting and reporting differences and the process of harmonization

Topic 2. The International Financial Reporting Framework

Topic 3. Structure and presentation of financial statements

Topic 5. Intangible Assets

Topic 6. Impairment and disposal of assets

Topic 7. Inventories

Topic 8. Financial Instruments

Topic 9. Leases

Topic 10. Taxation  

Topic 11. Presentation issues

Topic 12. The Concept of a Group and Consolidated Financial Statements

Topic 13. Preparation of Consolidated Financial Statements

Topic 14. Investments in Associates and Joint Ventures


Teaching Methods:

Lectures, individual class problem solving and exercises, group report and presentation. A participative approach is used to enable learning by discovery.


Course reading:

Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield Intermediate Accounting: IFRS Edition. Wiley, December 2010, ©2011


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