Aims

Upon completion of this course, the student:

*can interpret and discuss the IFRS framework
*has a basic knowledge about the content of the IFRS standards
*can explain the main differences between the IFRS standards and the Belgian accounting framework
*can critically approach issues related to financial accounting and reporting, assess how the flexibility under IFRS can affect the usefulness and comparability of financial information under IFRS

*Explain the importance of consolidated information.

* Provide criticism of consolidation regulations, taking into account the possibilities of creative consolidation, both according to IFRS.

* Apply consolidation methods and the equity method or capital mutation method to integrated examples.

* Understand all the key theoretical concepts of consolidation and the current legislation.

* Explain what deferred taxes are and apply them to exercises.

* Financially analyze and interpret a consolidated financial statement.

* Apply the issue of foreign currency in the consolidation process.

Previous knowledge

The course requires basic knowledge of micro-economics or business economics and knowledge of accounting as taught in the bachelors TEW and HIR

Is included in these courses of study

• Master in de toegepaste economische wetenschappen (Leuven) 60 ects.
• Master in de toegepaste economische wetenschappen (Leuven) (Major: Accounting en financieel management) 60 ects.
• Master in de toegepaste economische wetenschappen (Leuven) (Minor: Accounting en financieel management) 60 ects.
• Master in de accountancy en het revisoraat (programma voor studenten gestart vóór 2024-2025 in de master en/of in het schakel- of voorbereidingsprogramma indien zij hiervoor kiezen) (Leuven) 60 ects.
• Master handelsingenieur (Leuven) 120 ects.
• Master handelsingenieur (Leuven) (Major: Accountancy en financieel management) 120 ects.
• Master handelsingenieur (Leuven) (Minor: Accountancy en auditing) 120 ects.
• Master handelsingenieur (Leuven) (Minor: Accountancy en financieel management) 120 ects.
• Master of Business Economics (Leuven) 60 ects.
• Master of Business Economics (Leuven) (Major 4: Accounting and Financial Management) 60 ects.
• Master of Business Economics (Leuven) (Minor 4: Accounting and Financial Management) 60 ects.
• Master in de economie, het recht en de bedrijfskunde (Leuven) 120 ects.
• Master of Business Engineering (Leuven) 120 ects.
• Master of Business Engineering (Leuven) (Major: Accounting and Financial Management) 120 ects.
• Master of Business Engineering (Leuven) (Minor: Accounting and Financial Management) 120 ects.
• Master handelsingenieur: bidiplomering UCLouvain (inkomend) (Leuven e.a.) (Opleidingsonderdelen KU Leuven: Major: Accountancy en financieel management) 126 ects.
• Master of Business Engineering: Double Degree UCLouvain (incoming) (Leuven et al) (Courses KU Leuven: Major: Accounting and Financial Management) 126 ects.
• Master of Business Engineering: Double Degree UCLouvain (outgoing) (Leuven et al) (Courses KU Leuven: Major: Accounting and Financial Management) 127 ects.
• Courses for Exchange Students Faculty of Economics and Business (Leuven)
• Master in de accountancy en het revisoraat (programma voor studenten gestart in de master in 2024-2025 of later, en voor studenten gestart in de master en/of het schakel- of voorbereidingsprogramma vóór 2024-2025 indien zij hiervoor kiezen) (Leuven) 60 ects.