Learning Goals and Competencies
- Students learn the basic principles governing the accounting for M&A transactions in firms’ financial statements under IFRS and are able to use these statements for decision-making in capital markets.
Module Description
This course focuses on consolidated financial statements prepared under International Financial Reporting Standards (IFRS). It will cover the following topics:
- Introduction to the underlying economics of different types of M&A deals.
- Overview of methodologies relevant for reflecting M&A deals in a firm’s financial statements.
- Steps involved in accounting for subsidiaries (full consolidation).
- Steps involved in accounting for joint ventures, associates, and other financial investments.
- Critical evaluation of the effects of M&A deals for the analyses and use of consolidated financial statements.
Please note that we have aligned the modules RIKA and PIKA. Students have the opportunity to complete RIKA, which focuses on accounting for M&A transactions and preparation of consolidated financial statements, in the first half of the semester. In the second half, they can seamlessly transition to PIKA, which focuses on auditing consolidated financial statements. We highly recommend to enroll in both courses for a cohesive and integrated learning experience.