Introduction into Financial Accounting according to IFRS (PDF)

Lecture Notes from the year 2016 in the subject Business economics - Accounting and Taxes, grade: 1,3, , language: English, abstract: The following text was created as part of the university module "Financial accounting according to IFRS standards". This work will introduce the financial reporting procedure as well as the legal framework and enable the reader to create (simple) financial statements on his/her own. Several examples and numerical figures as well as visual displays support the understanding. At the end, there is a summary about the balance sheet adjustments and a kind of FAQ (as part of the exam preparation). Please be aware that the international approaches are very similar to the German ones, but are not always the same.

This work is made from the notes taken during lectures and supplemented by additional information and pictures from secondary literature, namely "Financial Accounting - International financial reporting standards", published by Pearson and written by Walter T. Harrison Jr. and Charles T. Horngreen. Additionally, some information from this book was visually displayed in self-made figures, diagrams and compilations. If an image is not marked otherwise, it's self-created.